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Quotes about Financial News from the world's top natural health / natural living authors

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"This appears to have been the most significant financial news at the time, that the Fed had engineered a "soft landing," moderating the inflation that had shown signs of increasing without causing a recession. Beginning in 1995 there was neither a fear of rate increases nor a fear of inflation, and it was therefore a time of optimism for the stock market. Greenspan made his "irrational exuberance" speech in December 1996, but he gave no indication that he would consider tightening monetary policy to choke off this exuberance." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.) "Together, these networks produced an urrinterrupted stream of financial news, much of it devoted to the stock market. So pervasive was their influence that traditional brokerage firms found it necessary to keep CNBC running in the lower corners of their brokers' computer screens. So many clients would call to ask about something they had just heard on the networks that brokers (who were supposed to be too busy working to watch television!) began to seem behind the curve. Not merely the scope but also the nature of business reporting has changed in recent years." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.) "The public considers it the Big Casino, the market for major players, and believes that on any given day it serves as a barometer of the status of the nation—all impressions that the media can foster and benefit from. financial news may have great human interest potential to the extent that it deals with the making or breaking of fortunes. And the financial media can present their perennial lead, the market's performance, as an ongoing story—one that brings in the most loyal repeat customers. The only other regular generator of news on a comparable scale is sporting events." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.) "It is no accident that financial news and sports news together account for roughly half of the editorial content of many newspapers today. Housing is also a source of endless fascination for the general public, because we live in houses, we work on them every day and our sense of our individual social position is tied to the kind of houses we live in. Newspapers often have whole sections devoted to homes or real estate, and in the United States there is an entire television channel devoted to housing, HGTV." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.)

"But what investors get from the financial news is a public school education—they know nothing much and think they know everything. And since investors share the same illusions and take them for wisdom, the markets tend to reflect the popular fashions as if they were the season's latest blue jeans. Even in matters as personal as health, people soon find themselves the victims of scale. The state of their own health scarcely matters anymore. What matters is statistics. Do they weigh too much? Do they get enough exercise? What do the papers tell them?" - William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.)

"If you watch any of the financial news networks such as CNBC, Bloomberg or any of the cable stations that focus on publicly traded companies and the financial markets. You will see over and over again how drug companies talk about their business. They do not talk about curing disease and preventing disease, they talk about "market share," "profitability," "long term growth" and new blockbuster drugs that will increase bottom line profits." - Kevin Trudeau, Natural Cures They Don't Want You to Know About (Get the book.)

"CNBC, the cable financial news channel, was typical: "Well, here's some good news for millions of people who have diabetes," declared anchor Janice Lieberman. "The Food and Drug Administration has approved the first drug which helps some diabetics better control their insulin, and Sheila Stainback is here with those exciting details." Stainback introduced an endocrinologist who hailed Rezulin as "a unique drug . . . the first in its class" and a patient who took daily insulin injections and other drugs to control her diabetes." - Donald L. Barlett and James B. Steele, Critical Condition: How Health Care in America Became Big Business (Get the book.)

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