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The Medias Top 10 Economic Myths of 2006: Executive Summary

Compiled by the Business & Media Institute

The Medias Top 10 Economic Myths of 2006

Compiled by the Business & Media Institute

TV News Ignores Surprisingly Strong Housing Data

Bubble bursting mantra continues to dominate reports despite evidence to the contrary.

CBS Likens Softening Housing Market to Great Depression

But economists see a stable housing market gaining value in the coming year.

Days Before Halloween, NBC Treats Real Estate Like Dawn of the Dead

Reporter Carl Quintanilla followed NY Times lead in slamming housing market in a story on Home Depot's changing approach to retail.

'Bad News Bears'

How Networks Distort a Good Economy and Batter President Bush

More Front-Page Focus on "Stagnant Incomes" Under Bush

A piece on rising housing costs leads by lamenting "the crushing combination of escalating real estate prices and largely stagnant incomes."

NBC Puts Downspin on Climbing Stock Market

'Nightly News' touts housing and auto problems instead of near-record average.

CNN Claims Small Price Drop Indicates Widespread Housing Problems

'American Morning' overemphasizes slight decline with tales of a bubble that has 'burst.'

Up in ARMs over Mortgages

BusinessWeek attacks banking and mortgage industries over adjustable rates, while network news warns consumers to pay attention to their loans.
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