Is the financial media making us miserable about the economy?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 11 March 2024
⏱️ 9 minutes
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| 0:00.0 | NPR. This is the indicator from Planet Money. I'm Darien Woods. |
| 0:15.0 | And I'm Whelan Wong. |
| 0:16.0 | So Whelan, we've heard a lot about this disconnect between how the U.S. economy is doing |
| 0:21.0 | and how people actually feel about it. |
| 0:23.4 | This is this critical topic, especially coming |
| 0:25.2 | into election year. |
| 0:26.9 | We'll certainly be following it closely on the indicator. |
| 0:29.5 | That's right. |
| 0:30.0 | We've been talking a lot about the vibes right jobs and economic growth have |
| 0:34.3 | been high inflation is cooling off but a lot of Americans have been feeling bad |
| 0:39.0 | about the economy yeah and a lot of potential reasons. Maybe people are still burnt from when inflation was high. |
| 0:46.0 | Or maybe it's the expensive cost of borrowing for a car or a mortgage. |
| 0:51.0 | So you're on the case. Are you going to bring us some answers today? Not today. So I'll temper your |
| 0:56.8 | expectations but I will go deep into one potential explanation that intrigued me when I was looking into this. |
| 1:03.8 | So this recent paper found that the financial media might be part of the problem. |
| 1:10.8 | Oh no, that's me, and you, that's us! Me to do. I'm sorry we might be part of this. |
| 1:18.5 | I'm both intrigued but also terrified to hear more. Yes, we will have a struggle session looking in the mirror after the break. Ben Harris is the Vice President and Director of Economic Studies at the Brookings Institution. |
| 1:41.9 | And until last year he was the Assistant Secretary for Economic Policy at the Treasury |
| 1:46.4 | Department under President Biden. And that's where he started ruminating about the financial |
| 1:51.7 | media. |
| 1:52.6 | It felt like is almost this race to negativity |
| 1:56.2 | and that you could bring up things that are happy in the economy |
... |
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