Thursday, November 29, 2007

Yesterday, Today & Tomorrow in Financial Holocausts

In an undated & untimed update, we are treated to this announcement:

Update In calmer consideration, that was too flip. But the financial holocaust that was widely feared has not come to pass, and is looking less likely to occur with each passing day.
Perhaps MM was sat down & given a lecture on flippancy, esp. as concerns "serious" financial matters. (Like financial "holocausts.") Or, she may have read something on the subject (it could happen):
Policy makers at the Federal Reserve are growing increasingly alarmed about the problem, which is an outgrowth of the woes of the housing and mortgage industries.
Granted, the NYT may be a little daunting (or taunting) for an English major from Penn but there are sources at a more appropriate level:

"That light at the end of the housing-meltdown tunnel appears to be an oncoming train," says Joel Naroff, president of Naroff Economic Advisors. "With so many choices and so few buyers, the median sales price is cratering."
Mmmm, colorful metaphors. Yum. Not like that confusing old "flat earth" thing. What's up w/ that, anyway?

4 comments:

Clever Pseudonym said...

You might expect "calm consideration" would be a job requirement for writers at the Atlantic, not an afterthought. Then again, I used to think well reasoned arguments, the ability to edit, and being relatively versed on the subjects you write about were also pre-requisites.

brad said...

I'm hungry, does that qualify as a caloric holocaust?

M. Bouffant said...

Ir's a holocaust for whatever you eat.

The standard answer to clever pseudonym's call for "pre-requisites" is usually along the lines of "Hey, it's a blog." Which I don't think cuts it any more, especially as the tree-murder based media are replaced w/ electron-based media. Defender of traditional values that I am, I fear we're going to end up w/ a debased media.

Clever Pseudonym said...

I don't think there's anything hypocritical about holding hobbyist bloggers and paid writers working for a professional outlet with a long-standing reputation for excellence to different standards, do you? Not to mention, Megan often posts "information" that is just plain factually incorrect. I'm used to being skeptical about random bloggers who make factual claims that aren't backed up by reliable links or what not, but I don't expect to have to do the same at a place like the Atlantic. At least I didn't before.