• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

What's Wrong With This Picture?

Tyler Durden's picture


There is something very wrong with this Bloomberg article screengrab.

Now, there are four distinct possibilities here:

  1. This is the quality of headline "reporting" we can expect out of Bloomberg now that the "client surveillance" function has been turned off.
  2. Bloomberg is cutting costs and is letting algos write headlines. And not just any algos, but those that have a 4 hours delay to real-time prices.
  3. Bloomberg's editors are evaluating greener pastures, and instead of actually checking facts - not like fact-checked news are even relevant any more: after all CNN gets its breaking stories from Twitter - are making sure their slideshows of grumpy cats on bicycles targeting the "rest of us" media, are in pristine condition to bag that next Series XYZ preferred round-funded job.
  4. Pure dumb propaganda.

Whatever the case, the outcome is about as laughable as the US "capital markets"

h/t Mark

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Sat, 06/01/2013 - 17:29 | 3617007 cdntrader
cdntrader's picture

Old habit... That's all.

Sat, 06/01/2013 - 17:41 | 3617045 King_of_simpletons
King_of_simpletons's picture

Keep those positive la-la land headlines for the masses. Those idiots have short term memories and are dyslexic anyway.

Sat, 06/01/2013 - 18:01 | 3617082 knukles
knukles's picture

But they're telling the Troof

Stocks did climb for the week before falling later on.

Some of you guys make it sound like they're trying to mislead us or sumptin'.

Sat, 06/01/2013 - 18:21 | 3617113 Pinto Currency
Pinto Currency's picture


The Bloomberg 'naughty press' items have been a nice counterbalance to the Eric Holder spying on the press scandal.

Sat, 06/01/2013 - 18:43 | 3617140 Fredo Corleone
Fredo Corleone's picture

"Have a problem with robots writing copy for Bloomberg ? Talk to my ombudsman, pal."


Sat, 06/01/2013 - 18:56 | 3617153 AR15AU
AR15AU's picture

It just says they "climbed"...  so they climbed down...

Sat, 06/01/2013 - 20:06 | 3617282 This just in
This just in's picture

It's all mossing the big bit of good news, that chocolate rations have been increased again to 20 grams per week.

Sat, 06/01/2013 - 21:04 | 3617397 Pinto Currency
Pinto Currency's picture


As long as the press is naughty, then spying on the press by Obama msut not be that bad.

Thank goodness for Nanny Bloomberg, says Holder.

Sat, 06/01/2013 - 22:38 | 3617540 Jumbotron
Jumbotron's picture



Sun, 06/02/2013 - 02:30 | 3617757 doomandbloom
doomandbloom's picture

It just means its going up....by first going down...

Sun, 06/02/2013 - 10:07 | 3618022 Robsabi
Robsabi's picture

Thanks for my daily chuckle!

Sat, 06/01/2013 - 17:46 | 3617061 ZerOhead
ZerOhead's picture

Back in the old days they used to write the articles first and then the editors would come up with a catchy headline after...

These days however they can't afford to take those kinds of chances.

Sucks when someone doesn't read the memo...

Sat, 06/01/2013 - 18:14 | 3617093 jbvtme
jbvtme's picture

i read this tripe to learn what they want me to think. 

Sun, 06/02/2013 - 11:28 | 3618151 logicalman
logicalman's picture

You have to read the propaganda so you know what TPTB want you to think.

Then do your own research and compare.

It's the only way to know how far out of whack the bastards are.


Sat, 06/01/2013 - 18:19 | 3617109 lasvegaspersona
lasvegaspersona's picture

better dyslexic than less dickic...

Sat, 06/01/2013 - 20:08 | 3617286 This just in
This just in's picture


Sat, 06/01/2013 - 17:43 | 3617048 Skateboarder
Skateboarder's picture

The stock market doesn't matter anymore. They could've put 'lorem ipsum..." and people would call it fact.

Sat, 06/01/2013 - 20:09 | 3617288 This just in
This just in's picture

It's all greek anyway.

Sun, 06/02/2013 - 11:29 | 3618153 logicalman
logicalman's picture


Sat, 06/01/2013 - 22:55 | 3617570 Non Passaran
Non Passaran's picture

I don't know if it's fact, but it sure would be bullish

Sat, 06/01/2013 - 18:05 | 3617087 HelluvaEngineer
HelluvaEngineer's picture

Many of these articles are written by programs.  They take white house talking points and reformat it.  There was an article recently about Chinese news agencies replacing their reporters with robots.

Sat, 06/01/2013 - 18:23 | 3617119 DontShootTheMes...
DontShootTheMessenger's picture

You a GT grad?

Sun, 06/02/2013 - 00:53 | 3617713 Red Herring
Red Herring's picture

I had the same question. I am BCE 96. You?

Sat, 06/01/2013 - 18:07 | 3617091 Croesus
Croesus's picture

Precisely illustrates why you can't believe the MSM when they say the PM bull is done. 


Sat, 06/01/2013 - 21:02 | 3617396 Jdog
Jdog's picture

scams can't keep up with their lies anymore, they lie so much, they can't even tell whats reality!

Sat, 06/01/2013 - 17:30 | 3617012 fonzannoon
fonzannoon's picture

it does not matter anyway. it's over from here. right about now everyone is deciding it's probably prudent to take gains. should be fun to watch.

Sat, 06/01/2013 - 17:43 | 3617051 auric1234
auric1234's picture

Or maybe we see another short squeeze.

Anything can happen in the rigged casino. It really just depends on which button the Fed desk presses.


Sat, 06/01/2013 - 17:43 | 3617055 Cangaroo.TNT
Cangaroo.TNT's picture

Okay, I'm an avid reader of your comments.  They tend to be brief yet insightful.  However, I know you recently said you were going to start drinking and reading ZH on the weekends again.  So, I have to ask, are those statements an accurate reflection of your reasoned opinion, or just the booze talking?

Sat, 06/01/2013 - 21:36 | 3617454 fonzannoon
fonzannoon's picture

me? I think the fed got overwhelmed last week. i think people take gains only to realize no one want to buy from them here. I think it gets nasty.

Sat, 06/01/2013 - 17:33 | 3617022 Tom Green Swedish
Tom Green Swedish's picture

I fired Bloomberg a long time ago.  Sometimes I check their world market data although I'm sure I can find a replacement for it. Crap company, crap reporting crap tv, crap computer manipulation terminal and even worse Mayor.  Pops and Cigarettes for everyone.  

Sat, 06/01/2013 - 17:35 | 3617032 Motorhead
Motorhead's picture

That mayor of NYC is such a fucking putz.  Yeah, he's rich, but what a retard.

Sat, 06/01/2013 - 17:43 | 3617049 Totentänzerlied
Totentänzerlied's picture

Buffett 2014.

Sun, 06/02/2013 - 04:02 | 3617805 dunce
dunce's picture

A prosperous fool is a grievous burden. Bloomberg, Buffet, Gates, Soros and more

Sat, 06/01/2013 - 17:41 | 3617044 auric1234
auric1234's picture

I'm so sorry, now you can't eat any more pizza. The allowance for critical thinkers has been supressed by the central nurturing committee.


Sun, 06/02/2013 - 10:58 | 3618097 Dealyer Turdin
Dealyer Turdin's picture

Yesterday I was by 3 girls, with four large pizzas, it's one of the manifestations of doom.  If you rock from side to side carrying your box of pizza, you should not be allowed to eat it.

Sat, 06/01/2013 - 17:45 | 3617057 Cognitive Dissonance
Cognitive Dissonance's picture

I much prefer CNBC (or as Mrs Cog likes to say "State TV) for all my propaganda. There is nothing quite like a CNBC enema to refresh a tired mind and a sore butt.

Sat, 06/01/2013 - 17:50 | 3617067 Skateboarder
Skateboarder's picture

Candied News and Bollocks Company?

Sat, 06/01/2013 - 17:54 | 3617073 Cognitive Dissonance
Cognitive Dissonance's picture

Heavy on the Bollocks please. Hold the "news" whatever that is these days. I thought it was more along the lines of reprinting press releases and 'information' hand jobs.....er......handouts.

Sat, 06/01/2013 - 17:35 | 3617023 ebworthen
ebworthen's picture

It's for people who only read headlines, and algos.

They probably hooked at least a 100,000 to place buys on their ETrade over the weekend.

Sat, 06/01/2013 - 17:45 | 3617054 Greyhat
Greyhat's picture

But what does a text interpreting algo do with inconsistent information like this? Throw a bitcoin or prefer the headline? :)

Sat, 06/01/2013 - 18:11 | 3617096 UP Forester
UP Forester's picture

The algos are so fast, they bought the dip and sold the rip before the digital ink was dry....

Sat, 06/01/2013 - 17:36 | 3617024 Agent P
Agent P's picture

I'm going with the headline.  If it's not true, they can't print it in the headline.  It's state law.

Sat, 06/01/2013 - 17:34 | 3617025 LetThemEatRand
LetThemEatRand's picture

Probably a simple explanation.  It was written earlier in the day before the market tanked.  They added the correct text after the market closed but forgot to change the headline.

Sat, 06/01/2013 - 17:51 | 3617071 Skateboarder
Skateboarder's picture

Appreciate your giving the benefit of doubt, but I don't think anyone read this article, including the author. That's the only way this is possible.

Sat, 06/01/2013 - 20:17 | 3617303 LetThemEatRand
LetThemEatRand's picture

I'm the first guy to line up behind a legitimate conspiracy theory, but the market was up most of the day and the headline/this article was written by some guy who wanted to go home early on a Friday.  When he/she wrote the headline, the market was up.   

Sat, 06/01/2013 - 20:44 | 3617364 Skateboarder
Skateboarder's picture

I can buy that. I design electronics and software and still make an ocassional [harmless] mistake once in a while. It takes a real dumbass to get the headline wrong though.


Sun, 06/02/2013 - 06:35 | 3617863 Burr's 2nd Shot
Burr's 2nd Shot's picture

Except the first line in the article reminds us that this is the first back-to-back weekly losses for the S&P since September.

Sun, 06/02/2013 - 06:46 | 3617873 gatorengineer
gatorengineer's picture

this isnt the first time this has happened its fairly regular with yahoo.......

Sat, 06/01/2013 - 17:35 | 3617026 nmewn
nmewn's picture

5.  Pro-Second Amendment terrrist hacks into Bloomberg & unleashes stupid virus.

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