Is recession media generated?

@puppynut (370)
New Zealand
January 1, 2012 6:54am CST
I've noticed that as soon as recession is reported by media people react by slowing their spending and conserving their money. are the media reporting fact or will we believe anything that we hear. So if the media portrays a negative financial outlook are they controlling our thinking and spending habits, when in fact things aren't as extreme as they make out in a lot of cases and we could continue to spend as we do without ill effect. Are they just scaremongering for newsworthiness sake? If so, could a positive report encourage the economy to flourish? i.e positive is positive gets...?
2 people like this
7 responses
@derek_a (10873)
1 Jan 12
I think that the media make a huge contribution to any recession. If people are going to feel nervous about their standard of living, they are bound to spend less and take more care. This has an effect on manufacturers who watch as their sales figues get lower and lower, and some go bust. I once listend to an interesting podcast in which the speaker asked a simple question. Where has the wealth gone? It can't vanish into thin air, so that means that somebody has it. With property for instance, the bank lent the money and then repossessed the property - so the bank has the property and that's where the wealth is tied up. I am no mathematician, but the money used to buy the property was just paper, or in today's standards, figures on a database, and that's all that seems to be gone. All that is happened, is things are moving about slower now. Goods are taking longer to get out to the consumers, and that's what all the trouble seems to be about. It's all very subjective, yet not subjective because people go hungry and lose homes and other stuff. I think it would make a big difference if the media was more upbeat, but would it? I don't think they're about to try... I wonder why? Having disagreements and arguments happen in most sessions. This happens because therapist and clients need to be open and talk about what they feel. It is not that I would want anybody to see it from my point of view, but from their own - i.e. what is true for them, not me as I don't live in their life.. It's difficult to explain, but growth and personal development tends to happen not from having cosy chats, but from interacting to pursue what is true for the client. What I have shared in my post with you, is what has come up for me and I always fully acknowledge that I know how another would experience it... I see emotions and drives as energy, but if others don't then that is OK. Not everything that I say, or they would say would ring true in both our minds - we are all unique and have our own inner reality. However, I am not coming to this discussion as a therapist, but just sharing... In therapy, I mostly use questioning process, and that way a client would answer for themselves.. For instance should this topic come up I would ask... When you feel something, what is it that you are feeling? What is driving it? Could it be energy? I could say that it is energy, maybe you wouldn't agree that it's energy and that's OK. From a philosophical viewpoint I could ask myself... Is it true that a person can fall out of love? Or is it true that that person didn't love in the first place? I have heard both men and women saying that they once loved their partner and then stopped loving them. It wasn't my reality, it was theirs. Were they telling lies? Making excuses? How could I know that? And this would probably bring up a heap of other questions too.. _Derek
@derek_a (10873)
1 Jan 12
I am sorry, but it seems as if a large part of another discussion has gotten accidentally pasted on two discussions I have posted to you.. It must have still been on my clipboard and was posted before I realized it. I will need to post this comment on your other discussion too.. Please accept my apologies, because most of it is not going to make much sense now! _Derek
@puppynut (370)
• New Zealand
1 Jan 12
Don't apologize I think we all need to be psycho analysed and to analyse our responses to things. I think your topics are related anyway because they are both about responding to feelings and emotions triggered by something negative. I think a lot or probably most people have a deep human need to hear and see negativity and it is consumer demand driving the press sometimes. People love to be challenged and shocked into action or reaction. But the press has the ability to drive more positivity broadcasting information into homes all over the world. I like your comment about "where has the wealth gone then?" The protesters concerning who holds the wealth occurring in many countries are real people with real concerns and the media does broadcast them but in our country they broadcast news about how to make them go away.. The press has positive and negative aspects but they should be accountable for some social responsibility.
1 person likes this
@derek_a (10873)
2 Jan 12
Thanks for your repsonse and understanding. I am really going to have to watch what's on my clipboard in future.. I can see that it isn't too bad with this discussion though. Just that is seems to ramble on a bit. Yes, I think wealth is there in the world, it's just not available for us "mortals" I believe.. There is always opportunity, but we just got to be able to see it I guess.. _Derek
@Bluedoll (16773)
• Canada
1 Jan 12
Well if we consider media to be information then yes. I don't think we can put this tag on any particular media coverage however (tv, newspaper, internet, etc) as a controller but can maybe on overall information that gets passed around. Certainly people are going to be listening to each other to make decisions. Whether it is accurate or not is another story. Whether it is about recession, inflation or good news people will look for financial gain and/or best buy and trends get started. I think supply and demand is the best way to describe markets in action and we can never expect those things to stay the same. Yes positive is positive but we also will get negative simply because of the math. supply $ ______ demand $
@puppynut (370)
• New Zealand
1 Jan 12
What would happen if we spread a new rumor that the recession is over, business is good, profits are up, positive outlook. Do they look for the business success stories that are flourishing in this environment and publish them. The doom and gloom scenario is as if humans are incapable of rising above the financial situation.Can we not be the victor over the mighty dollar? Thanks for your reply
@Bluedoll (16773)
• Canada
1 Jan 12
Business is good? I agree we need to stay positive but also need to see reality. Not saying one thing is to blame for recessions. If you go positive and publish that there is a new business in town producing a cheap product you might find out for example that China products are being imported cheaper than you can produce them, so you can never be competitively priced. Without new business startups, there is a lag in new hires, less money in the local marketplace to purchase your products and you are back to where you started. That is reality not negative. Recessions are merely downward trends but they tend to fight another killer that is inflation. I am beginning to feel to stay positive we need to stay out of economics and only talk about what we can do. Fact is information can not be slanted one way or the other without it becoming misinformation. So is it true to say a flourishing economy or upward trend will only truly happen when it happens?
@Bluedoll (16773)
• Canada
2 Jan 12
I know what you mean doom and gloom serves only to put us down. We can do better than that! At the same time economic recessions are real and keep things in check such as inflation or should do that. If they run too deep they can cause harm though so governments try to stimulate. Downturns that are not too excessive can actually change how we do things in a positive way. Of course individuals can be effected badly as with any change. Countries that go into debt(reverse that and call it an investment)trying to bring gnp up and maybe it can work but you are right some countries are so bad off they have had their debts canceled (a bad natural disaster will make payback impossible)so it shows there is always a way to start over but for those countries it looks like it will take a long long time. I think what I wrote above makes sense
• Canada
1 Jan 12
I actually believe what is occurring now is opposite to what you have stated. The media appears to be working with "rose colored glasses" much of the time -- trying to seek out positives to make people think the economic situation is not as dire as it truly is. Job numbers, for example, are reported in an inflated way. It is claimed that new jobs have been created, more people have found employment, simply based on increasing numbers or percentages. What is not taken into account are people that are not only unemployed but that have completely stopped looking for work or have given up. They aren't on the unemployment rolls any longer because their benefits have run out... it's almost as though we're being asked to accept that those people have simply "disappeared." That makes the numbers look better. I don't think there is anything to be gained by telling people that things are looking up or that things are getting better when, in truth, they aren't. It's doing a disservice to allow people to believe that they don't have to be concerned with the direction the economy is going. Many people are really uninformed as it is and, if all they see are falsely positive headlines, they might not make the best or most sound choices for themselves going forward.
@puppynut (370)
• New Zealand
1 Jan 12
Thanks I don't disagree with what you are saying. We are New Zealand based and our media can be ruthless when it comes to obtaining shocking stories particularly due to finances. I don't know if this is the same in all countries. Our government also suggests that they are creating new jobs, yet the unemployment role continues to climb, and poverty issues are becoming more and more real. I guess i don't mean false positive, but rather focusing more on any positive financial issues that may be helping the problem and encouraging people to think outside the square.Thanks for your reply.
@Fishmomma (11377)
• United States
2 Jan 12
People are spending a lot of money in this area of the state. Many stores offered big discounts and people are looking for good deals. I don't think people are paying any attention to the media here. Personally, I think each of us should know whether we can afford to spend money and stay home when we can't afford to spend. I find just going into the store I'll find something that is needed. Its easier to just avoid the stores when money is short that month.
@puppynut (370)
• New Zealand
3 Jan 12
Yes it is an interesting time. All very well staying home so as not to spend but have to think of more cheap and free activities for kids etc. It is amazing to see how people adapt to all crisis'.
@LittleMel (8742)
• Canada
31 Jan 12
I watched Michael Moore Capitalism someone else made a video ditching him and they are probably right but what they can't ditch is the part where Moore interviewed political figures who had no idea about recession until they were told by US president at the time Bush Jr they didn't even know where the money went watch it, if you haven't
@megamatt (14291)
• United States
1 Jan 12
Well maybe not completely, but I think that there are a lot of times where a moderate problem is overblown into something much bigger. And let's face it, when people hear things in the news, ready things, whatever, they are going to tend to panic. When people panic, they don't really think all too clearly to say the very least which leads to a lot of problems. Of course, positive news doesn't really generate all that much interest with the vast majority. As much as we hate to hear bad news, we cannot really pull ourselves away from the grip of the bad news. There is just really something that is rather intoxicating, there is just something that really causes us to really just sit, wondering if it can get worse. I think that the media has made a bad situation to something that is really bad, because people don't think things through and they make decisions based on what they heard that are stupid decisions.
@puppynut (370)
• New Zealand
1 Jan 12
I agree that they focus too much on negativity and blow it up while sidelining the positive. We have to stay positive with all the drowning gloom of media reports. We all cling to any little happy sideline news like breeding pandas and happy penguins.And winning the Rugby world Cup.Thanks for your comment!
@maximax8 (31046)
• United Kingdom
31 Jan 12
I think doom and gloom in the magazines and newspapers fuels people's brains. Today in a free newspaper they published a story about it being hard to get a mortgage and house prices going down. In the local council they talk about cuts to services and spending less money. In the hospital they said they have less staff due to cuts. Yesterday I took my daughter to the library. They have machines in there now and less staff. In the Christmas 2011 many people bought low cost presents only or didn't buy any present at all. The media show a miserable picture and it makes people spend less. The recession is a little bit media generated. They need to be more upbeat and hopeful for the future. They love to scaremonger people.