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Hello Crazy Gang,
Have you noticed how financial journalists become all patronising when they address us on ordinary news programmes. They start talking like elderly uncles trying to explain something to a five year old.
And what they say is often over-simplistic in the extreme, and can be hugely wide of the mark, too. As far as I can see this patronising child-speak is only done for business matters. The TV and radio hacks don't try it on when they talk about Iraq, for example. Or the railways. Or anything esle.
It just applies to business news. I don't know why it should be, given that we all deal with our personal finances every day and though the subject of money can be complicated, the kind of stuff they give you on business bits of the general news is not.
My other quarrel with financial journalists is that they tend to see the black side of things. I think they assume that most people are not interested in stocks and shares and so will not be personally involved.
Perhaps somebody ought to explain to the journalists that we all have some experience of money - and that millions of people own shares in the UK. So when they put a dark slant on the business news it can cause uncalled for pain. After all, we are all affected in some way by the financial news - not just share shifters like us.
Many journalists warned that this week's news from Barclays (BARC) would be dire. Well, the bank did write off over a billion pounds to the credit crunch story. But that, of course, is not very much to a bank of their size and they expect to make record profits - again. Where's the bad news there? It's just another example of journalists looking for doom and gloom whenever they can.
Always remember, gang, not everything you read or hear is true. Rocking on!
To find out more about Malcolm CLICK HERE
UKSA is the leading independent organisation for private shareholders in the United Kingdom. It campaigns to protect your rights as a shareholder and runs educational activities for members.
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