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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Thursday, August 03, 2006

Housing Bust: Just Kidding!

Some reports finally call housing market shift 'good news for buyers' after years of predicting a bubbly catastrophe ... but others stick with seller-centric 'nightmare.'

By Amy Menefee
Business & Media Institute

“Well, that noise you hear may be the sound of a bubble bursting,” said NBC’s Natalie Morales on the July 21 “Today” show. Or it could be reality pricking the hyper-inflated predictions of a bubble-happy media.

Just a moment after Morales’ comment, Federal Reserve Chairman Ben Bernanke was shown saying, “The downturn in the housing market so far appears to be orderly.”

As the Business & Media Institute has documented, the media have been warning of a bursting housing “bubble” for almost five years. And some reports are still emphasizing the negative. NBC continued its series titled “Housing on the Bubble” on July 25. And on July 29 ABC continued the seller-focused housing gloom. But some reporters have had to admit that previous claims of economic catastrophe were exaggerated. Continue reading.


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