financial news
Why The Preoccupation With Bad Financial News?
aid to you, “aren’t you sick and tired of hearing negative news”, I would feed into more of the negative news as there is chance that my question could trigger a negative response. Aside from that, I wonder what it is about some people that seem to enjoy being right about some sort of pending doom and gloom.
I believe that we give the news media a bad rap and the reason I say this is because of Ian’s Brown’s February 26th article in The Globe And Mail – Divas of doom find their fame in pedaling the direst of fortunes to pessimistic masses – Bleak is chic as demand grows for dark oracles of blood-filled streets and ‘zombie banks’.
Ian’s article isn’t talking about the doom and gloom of blood in the streets, civil wars, the collapse of Eastern Europe, and toppled governments coming from the news media. The bulk of the bad news in the article is coming out of the mouths of university professors.
I mentioned Ian’s article to Robert Gignac, author of ‘Wealth Is A State Of Mind’, at dinner on Tuesday, March 3rd and Robert’s response was that these purveyors of Financial Armageddon have been around for years and publish the same book every five to seven years with a different cover … sooner or later they will be right. It’s like the 36,000 DOW, sooner or later, it is going to happen as I recall someone saying in the early eighties that the DOW will never go past 3,000 points. Let’s all hope that prediction does not come true today.
My interest in Ian’s article is not about the doomsters and their predictions; it is about why they do it aside from the $50,000 speaking fees. There has got to be more to it than “bad news sells”.
On one hand we have the oracles of bad news and in the other we have the unconscious masses.
Ian writes that we seem to enjoy hiding under the blankets, being told how bad the future looks and that it shocks us into feeling like grownups and getting real and at the very least we should stop and take a closer look at what we are afraid of. (for a day in my life of taking a closer look at what brings up the fear in me, see the following article – Do Something That Scares You! )
It is like we have to become five years old again and get slapped and then be put in a corner to take a ‘time out’ and beg for forgiveness.
“There is a peculiar human need to contemplate disaster,” Vivian Rakoff, professor emeritus in the department of psychology at the University of Toronto says. Because there is the sense that if it gets bad enough, we can start over again”.
BTW – Rakoff is not a doom and gloomer.
There seems to be a thread in writing about and reading about doom and gloom.
As I get into this I want to preface that I am only wondering about all of this and wish to shed some insight and it is not my intention to attack. I say this because I believe that I will make real whatever I attack.
The creator of the doom and gloom could be attacking the system whether the system is right or wrong because they lack fulfillment in some way shape or form and still have something to prove. They could have an unconscious negative belief of “if I can’t or didn’t make the system work for me then I will attack the system in an attempt to destroy it and try to make everyone else as miserable as I am”. A person will get their need to prove met in a functional or a dysfunctional way, this law is non-negotiable.
The reader of the doom and gloom could be stuck in some kind of pattern that goes back to when they were five years old and sent for a time out awaiting forgiveness from the matriarch or patriarch that sent them there. Their past time out is now replaced with taking a bad news break expecting that good news will show up and that they will be forgiven for their sins.
This same pattern reminds me of what is happening with some corporations who were asleep at the wheel for the best part of the decade having to go back to the government for forgiveness in the form of a bailout.
So here we are in the process of having a financial time out waiting for the matriarch and the patriarch of the money to forgive us for our senseless ways so that we can start anew.
I believe we are in one of the most significant times in history where governments on a global scale are reinvesting in infrastructure to jump start the economy without having to experience a world war … this experience that we are having will pass.
Money News Made Easy
If you want to keep up on the latest in the world of finance there are many more options than going out each day and vigorously scouting the information and news yourself.
The major search engines each offer their own finance pages, complete with business and personal finance news, advice and contacts. You can also set up RSS feeds that deliver keyword-specific finance news straight to your email address or feed reading device each day.
Lets take a look at what one of the major search engines offers on its finance home page. Whats great about these search engine options is that, because they also offer a free profile and email service, you can set up your own personalized finance page and customize it so that the information delivered to your system each day is exactly what you want to see most.
The four major tabs on the top of this finance home page are Investing, News and Opinion, Personal Finance and My Portfolios. The home page we first land one is the Weekend Edition of the sites finance section, and it includes articles about new markets for luxury homes, the best places to retire, special travel perks available to road warriors, major art auctions and galleries and the personal wealth they can bring, and a feature story about a prime and historic piece of Hollywood property that is up for sale.
Each day this finance page will also show you the latest stock prices and the trends of the major markets. Personal finance news includes columns by experts that address subjects such as the ten highest priced U.S. housing markets, the ten best stocks to buy, and tips on taxes, bill paying and retirement planning.
When you head to the investing tab from this finance home page you can delve more deeply into the various savings resources, such as stocks, bonds, utilities, commodities, real estate, and so forth, and the best ways to save for things like college education including the industries most likely to stand the financial test of time.
From the pull down menus of the News and Opinion finance tab you can explore in more depth issues and topics such as small business help, investment ideas, and providers such as angel firms and venture capitalists.
The personal finance tab is full of advice on career and workplace issues, banking and investing options, family and home life issues such as work/ life balance and trailing spouse problems, the various training and education resources and costs, buying and making money in real estate and so forth.
When you head from the finance home page to the last tab, my portfolio, you get the opportunity to make this handy search engine feature your very own. You can indicate which stocks youd like to be daily displayed from your finance home page, which finance blogs youd like to read each day or week, and which keyword searches youd like the finance algorithms of the search engine to seek out for you. You can search on your own, download the spreadsheet of todays stock info or link to your favorite financial news items.
Forex News – How The Worlds News Effects Currencies
Either you are simply starting in Forex or have a expertise in it, but it’s very important you stay on top with all the Forex news happening in the industry. Staying intact with what happens around the world within your industry can be really addictive at times. Moreover with a globalized world it seems that something happens somewhere every moment of the time.
Financial News
Here we are listing some of latest news that has happened in and around the forex industry and will impact your business as well in some ways. Remember that Foreign exchange currencies are always paired so you will need to receive relevant news about the comparison of two different currencies or commodities. Some examples of relevant news that would have an impact on various currencies around the globe would be;
-A recent story reported that retail traders had just tipped to a net short positioning on the same day that the British pound gained a 200 point plus rally.
-Forex traders watch the U.S. housing slump very carefully, gauging the market for mortgage futures.
-When the U.S. Fed made its recent rate cut, one Forex news service reported that expectations for the U.S. Dollar were “falling like a rock.”
-Recession fears in the United States may drive the dollar even lower than it already is. (In Forex trading, the fact that the dollar drops is not considered negative, as long as the trader leverages the drop when trading for higher priced, more valuable currencies around the glove.
Political News
Most people are under the wrong impression that currency and finance news are the only things that interests any forex trade, yet political news is very important as well as they can give you hint of the political movement of different nations and their where their country is headed. You need to make sure that you follow the trend that goes throughout the world.
Currency and financial news are not the only news stories of interest to Forex investors and traders. Forex traders are also interested in political news that can have an impact on a country’s currency.
-Tragic events like the assassination of a political leader can affect currency futures in the country where the event occurs and can have a ripple effect in surrounding areas; for example, the assassination of Benazir Bhutto in Pakistan.
-Natural disasters like an earthquake, hurricane, or typhoon can consume a great deal of a country’s resources; therefore, Forex traders watch news of such disasters.
-Political events, like the U.S. presidential election cycle, has significant effects on currency valuation; therefore, Forex news contains updates on presidential candidates, primary elections, and general elections.
News Analysis
Forex news services add value to the news stories they provide by analyzing current events and predicting how they will affect the exchange rates of various currencies around the globe.
Some popular sources for Forex research and analysis are: Daily FX, Rabobank Technical FX Daily, Scotia FX, TRL, Mizuho Corporate Bank, CIBC World Markets, BHF Bank, and Mellon Foreign Exchange.
