George Pearkes: It’s remarkable how much more clear-eyed and unspun the financial press is right now when compared to politics-first outlets. This is almost the entirety of Bloomberg’s latest write-up, which does its best to present straightforward facts and specific uncertainties rather than filling in blanks.

It’s remarkable how much more clear-eyed and unspun the financial press is right now when compared to politics-first outlets. This is almost the entirety of Bloomberg’s latest write-up, which does its best to present straightforward facts and specific uncertainties rather than filling in blanks.

Web link to the above www.bloomberg.com/news/article...

Biden Makes Pitch in Pennsylvania as Pressure Rises in Partywww.bloomberg.com President Joe Biden faces a fresh round of hazards from members of his own party as he seeks to salvage his embattled reelection bid and fend off calls from Democratic lawmakers to step aside.

Amazing what happens when ones customers are incentivized to discover the most accurate information

Material incentives is a hell of a thing.

The only bullshitters in finance are in areas like VC where daily mark-to-market isn't a thing.

😮there are a lot more bullshitters about

There are bullshitters where incentives allow. Conduits of information are not high on that list.

Yes but they are all over the shop not just areas like VC

I also wonder how much it helps BBG that they don't rely (more or less) on clicks/eyeballs/ads for funding. There's less clickbait (excl the "wealth" vertical), simply because news is funded by a relatively steady revenue stream

Agree it makes an impact at the margins.

it was always part of Chomsky's critique in Manufacturing Consent. the only place to find a true perspective is the financial pages, because the managerial class needs an understanding of what's really going on.

Post