Monday, June 21, 2004

Interest rates take their desired effect, but something that's been nagging at me all along is the relationship between what happens, and how the media acts - moreso than other influences the media has sway over, like political bias. There seems to be a battle between the naysayers and the cautious ones, a war for column inches which has the potential to dictate how the market actually behaves over the next few months.

I like to think of media opinions as "seeds of chaos", which whip up whirlwinds of ferocious social rumour and personal opinion networks, which generate a giant feedback-loop machine. People don't rely on the media just for facts...

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