Quote Originally Posted by redGT
i don't see how because up until this past week unemployment was around 4% the lowest it has been the stock market was growing and the hosuing thing is only effecting certian area's and certian price ranges in homes.

The stock market was rising because of Inflation. Ironically, the housing market going down has put a big stop on Inflation. This means that we have entered a period of economic stability, which is BAD FOR THE NEWS. So, instead they must create a mass panic about how this has become a great depression, so they recieve viewership, who would otherwise not watch the mindless drivel coming from their newsrooms.