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Dave Lindorff – Why Wall Street Reporting is a Joke

It’s entertaining to watch and to read reports in the corporate media about the current stock market decline, which over the course of the last six business days erased $2.1 trillion in the market value of stocks of publicly-traded US corporations (and in a lot of ordinary Americans’ retirement savings).

CNN, in an article on Wednesday, had a piece on its CNN Money website saying not to worry about the market crashing, because, “At the moment, the US economy looks healthy. It’s on track to grow about 2% this year, and unemployment is back at the low levels it was at prior to the Great Recession.”