Just a reflection once more on why I write what I do and why I mention that I sometimes repeat lessons or tenets given in these paragraphs, with added current examples for backup.
The financial media does a poor job of explaining what it is supposed to do. I see daily examples of this shortcoming. Perhaps because of ads they take from those whose feelings and business would be hurt if the financial media comments were more accurate and independent.
But mostly, the problem is due to poor training of reporters and editors, especially in two areas:
One: There is little understanding of the corporate bond market (example: duration principles).
Two: There’s a major lack of media’s
business management experience. (See the Earl J. Weinreb NewsHole®
comments and @BusinesNewshole at Twitter.)
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