Michele Berti

Diciamo le cose come stanno…

The press loves a spectacle. There’s a good reason for this: panic increases paranoia, which increases the desire for information, which increases their advertising revenues. Thus, the press has an incentive to exaggerate the importance of the events they report. As such, we shouldn’t be surprised to find the press amping up fears about the next threat to the “real economy.”

Tags: credit crisis, credit crunch, credit default swap, credit derivatives, derivatives

This entry was posted on Thursday, October 23rd, 2008 at 9:04 am and is filed under Cultura e Società, Finanza. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.