When Peston speaks....
Discussion
He makes things just seem worse and worse.
Seems he wants to write himself into the history books as a doom merchant. If I had to live with hearing his voice every day I think I'd kill myself.
Hateful man.
Seems he wants to write himself into the history books as a doom merchant. If I had to live with hearing his voice every day I think I'd kill myself.
Peston - 5th horseman of the apocalypse said:
You probably don't need telling that 2011 is shaping up into the worst period for retailers since the onset of the 2008-9 Great Recession, when Woolworths and Zavvi went kaput.”
Robert Peston
Business editor, BBC News
Did he just coin the phrase 'Great Recession', or has it been in common usage before?Robert Peston
Business editor, BBC News
Hateful man.
Corsair7 said:
Did he just coin the phrase 'Great Recession', or has it been in common usage before?
From the Daily Telegraph on the 14th March 2011."The complex web of lending shows how hard it is to contain the problem to one country at time.
American lenders capitulated in the third quarter, slashing exposure to the four countries by 8.7pc. It is likely that US players took advantage of bond purchases by the European Central Bank to sell bonds and cut their losses.
The BIS said global cross-border lending rebounded by $650bn in the third quarter to $31 trillion, but is still far below the $36 trillion peak in the heady days before the Great Recession."
http://www.telegraph.co.uk/finance/newsbysector/ba...
The earliest reference I can find is from the August 2009
"The underlying story has not changed. The East-West imbalances that lay behind the Great Recession of 2008-2009 are getting worse, not better."
source
I've seen no evidence to support the idea that the media can affect the direction of the market.
Edited by Fittster on Tuesday 5th April 10:03
Bing o said:
Paddy_N_Murphy said:
But according to the media everyone is f
ked for life.
Not for life. Maybe just 2 generations.ked for life.t people didn;t really need and couldn't really afford. Even the Beeb rode the back of the fat propertaay hog, with viewing figures for related shows.So people are no longer spending like mindless, frenzied morons? Good.
Move on.
Edited by Digga on Tuesday 5th April 10:35
He's certainly one of a number of journo's who preach doom. I did used to read his blog and was quite into the whole "everyone is fked for life" doom thing.
I guess there's a place for some of these characters to create a balance in the media, but excessive gloom and talking everything down all the while is unproductive.
ked for life" doom thing. I guess there's a place for some of these characters to create a balance in the media, but excessive gloom and talking everything down all the while is unproductive.
:kill: :kill again: :kill again to make sure:ewenm said:
When the media say "Great Recession" the term "Great" is used to mean "brilliant" or "superb" - bad news sells newspapers after all, so for the media the bigger the better recession.
You couldn't be more wrong.Advertisers cut spending by approximately 10% in the last recession - the papers don't want a repeat.
Brighton Derly said:
ewenm said:
When the media say "Great Recession" the term "Great" is used to mean "brilliant" or "superb" - bad news sells newspapers after all, so for the media the bigger the better recession.
You couldn't be more wrong.Advertisers cut spending by approximately 10% in the last recession - the papers don't want a repeat.
Edited by ewenm on Tuesday 5th April 12:58
ewenm said:
OK, maybe my last "bigger/better" clause was a little sensationalist (learning from the media y'see), but do you really think the recession deserves the moniker "great" or it's hyperbole to sell papers?
Well, the recession was the worst since WWII, so yes, I would say there is some merit in giving it the moniker 'great'.The problem is what to call the next recession if it proves to be worse than the Great Recession. The Greater Recession?
Brighton Derly said:
Well, the recession was the worst since WWII, so yes, I would say there is some merit in giving it the moniker 'great'.
The problem is what to call the next recession if it proves to be worse than the Great Recession. The Greater Recession?
Well the great war's follow up just got II stuck after it's name.The problem is what to call the next recession if it proves to be worse than the Great Recession. The Greater Recession?
Brighton Derly said:
Well, the recession was the worst since WWII, so yes, I would say there is some merit in giving it the moniker 'great'.
The problem is what to call the next recession if it proves to be worse than the Great Recession. The Greater Recession?
Fair enough, as long as equivalent periods of growth also get labelled "great" The problem is what to call the next recession if it proves to be worse than the Great Recession. The Greater Recession?
How Peston gets by in the world, let alone gets on in the world, is completely beyond me.
He seems to know precious little yet has the most ridiculously pompous and long-winded style of speaking. I simply don't understand how anyone is taken in by him. Completely hopeless. The guys who do the routine work on BBC News 24 are infinitely better.
He seems to know precious little yet has the most ridiculously pompous and long-winded style of speaking. I simply don't understand how anyone is taken in by him. Completely hopeless. The guys who do the routine work on BBC News 24 are infinitely better.
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