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Recession is the Word

Written by A Forex View From Afar on Monday, April 28, 2008

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Last week I said that a consumer recession is pushed and shoved by the big and powerful media. Now I will show two proofs: they are called Yahoo! and CNBC, but I call them the "the recession email-server" and "First in calling recession worldwide"

Yahoo Recession

The stunning email service has a featured article box on the home-page. There isn't a day that I log in my yahoo email, without seeing an article related to recession. From "how to find a job during a recession" to "what to cook during a recession"...every possible subject can be linked in any way to recession.
In the last year, 2746 articles featured the word "recession", meaning 7.5 articles per day. But wait, in the last month, 721 articles appeared including the world recession, having 20 articles per day. That is almost one article per hour...
Yahoo link

The Business television, CNBC has a lower rate of recession-featured articles, "only" 1120 in the News and Analysis section, and 390 videos in the last year. This is translated in 3 reports that inspires fear, on a daily basis, and one reporter asking everyone and everywhere about recession.
CNBC link

Recession is in the media's blood, and they can't live without boom and bust cycles. It's a pity because scaring consumers will only make matters worse and not resolve anything.

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There is a constant question from some traders as to why anybody would ever need to consider the ‘F’ word when trading. Fundamentals: what is so damaging at looking at both Technical charts and having a Fundamental filter to gauge how many Lots to put on? Why is it that accepting that Technicals give us price points to trade, but Fundamentals determine the direction that we travel is so difficult for some traders to accept? Without a Fundamental Filter very few pure Technical traders would have seen this Dollar move coming today.

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