

(Left: Asian Investors clutch their heads, presumably in response to the Asian Market's poor performance. But really, for all we know this guy could have just fucked up a Sudoku or something. I stole this image from CNN, who took it from the Associated Press.)
(Right: A presumably Asian guy puts his head down in presumable despair at the performance of the stock market. Of course, he could be at a race-track, and could be drunk and sleepy or have just lost his rent money. There wasn't a caption at CNN, from where I took this image. It was provided in the context of this story, though, so we're supposed to assume that he's unhappy because the stock market isn't doing well.)
I don't like economic news any more than you. Wait. That might not be true. I might have marginally more tolerance for economic news than you do, but I still don't think that it's a lot of fun to read. There are a lot of stereotypes of businessmen as people who are basically soulless and uninteresting, and those stereotypes aren't always true. But it's undeniable that they describe something about the lower-quality businessmen who have no vision, who constitute a group of people that most of us are likely to come into contact with on the street. Businessmen don't care about anything but money. Businessmen don't read interesting books. The only books businessmen read are books about making your dick bigger, with titles like "The 48 Laws of Power" and "Sun Tzu was a Sissy," a book whose title makes me think that the author, Stanley Bing, was a cunted-out bitch-ass pussy. On the other hand, Eazy E once "saw a sissy-ass punk" before he had to go in his trunk, so maybe it's not so ignominious to use the word "sissy" in the title of your book. Anyway, there are other criticisms of businessmen. Most of them don't know how to dress and they look like they bought their suit off a rack. Since they have devoted their lives to the acquisition of money and not to the cultivation of taste, they have no idea how to tastefully dispose of it once they have a lot of it. Without deriving any benefit from it since they are not in the top two percent of wealth holders, many of them support the destruction of the estate tax, which is one of the factors which threaten to turn America into mid-18th century pre-Revolutionary France and thereafter a smoking hole of something like Morlocks versus Eloi. So. Anyway. There are a lot of bad things about businessmen.
But I've noticed something about business news. It's the only news on television which is reported in jargon. And jargon is only used when people want to sound smart or when they have something to hide. I doubt that business people have too much of an interest in sounding smart by talking about the rise or fall of the price of various equities, so that means that they're probably talking about something that they don't want everyone to know about. That means something. That means that business news is used for actual communication. This distinguishes business news from most other news, because business news is content-rich. Most political news is not content-rich, for a variety of reasons. Businesses own the news outlets, and the owners of the businesses who own the news outlets are heavily invested in governments which both do illegal things and also have the power to ruin the lives of the owners of the businesses which in turn own the news outlets. So political news is, by design, virtually content-free. No one wants to offend a group of investors, who also have the power to use the IRS, NSA, CIA, and FBI against their businesses. Entertainment news distinguishes itself by being irrelevant to everyone powerful, which is why it's so prevalent on Fox News. Fox News is interested in making you as stupid as possible, which is why John Gibson has been covering the fight over the "rapidly decaying" body of do-nothing, gold-digging, sub-literate Anna Nicole Smith. It's also why Brittney Spears's newly bald head has been in the news so much recently. It signifies absolutely nothing, except that something's wrong with Brittney Spears. And I submit to you after extensive personal research that it is not news that a woman in her mid-twenties may be mentally ill.
In Dante's Inferno, the practitioners of various professions can no longer understand each other after the fall of the Tower of Babel. Jargon is introduced by the fall of the Tower of Babel. And when people are talking in jargon, it means either that they have nothing to say (as is the case in literary theory) or that they have a lot to say and are worried that members of the preterite group who are not invited to understand might understand what they're talking about. I think the latter case, that there is something going on here that we're not supposed to understand, is what's going on with financial news. (I also think that something like this is absolutely the case with Israeli foreign policy news, and increasingly with American news of both foreign and domestic kinds, and that was why I created this blog.)
I know that the condition of the stock market does not matter to most of my readership. They're too poor to own much stock, and so am I.
The poor performance of the stock market will have political effects, though. If the NYSE and NASDAQ continue to perform poorly, George W. Bush will be blamed for it. And even though his choice to send lots of people my age into a war zone without having the decency to provide them with proper armor, even though this decision doesn't turn everyone in the news media against him (because the war makes money for the owners of the news media, who also own a lot of businesses which get nice defense contracts whenever there's a war), a bad economy will cause the news media to chew on his ass.
If there is interest in financial news, I'll provide more of it.
COMING SOON: "What is an intifada?" (George Bush once called it an "infitada," which sounds like something that costs 99 cents at Taco Bell.)


