Wall Street Journal Questions Fed Beige Book “Rosy” Take on “Recovery”

[marmar]

from Naked Capitalism:


Wall Street Journal Questions Fed Beige Book “Rosy” Take on “Recovery”
Posted on June 4, 2015 by Yves Smith


Is the august Wall Street Journal hinting that the “recovery” has no clothes?

I receive Wall Street Journal e-mail alerts, and this showed up in my inbox yesterday afternoon:



Bear in mind that Wall Street Journal news alerts flag the stories they consider to be the most important during the day. Needless to say, that means the alerts have disproportionate impact, particularly since only a portion of the recipients click through to read the underlying story.

In all my years of blogging, I can’t recall a major financial news outlet, even in as mild a way as the Journal does, depicting the Fed as engaging in cheerleading in the title and opening paragraphs of a story. ....................(more)

http://www.nakedcapitalism.com/2015/06/wall-street-journal-questions-fed-beige-book-rosy-take-on-recovery.html