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- Aug 30, 2007
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QUOTE (Bill @ Jan 14 2009, 11:37 AM) I`m a little confused by the subject of this discussion. I have read the article Jack linked to several times and it doesn`t mention Mass Foreclosures anywhere. It actually says "the "most likely outcome" is for markets and credit conditions in Canada to gradually improve as extraordinary measures by central banks and governments take hold", which is slightly different than mass foreclosure.
It does mention a substantial increase in default rates on household debt if global economic conditions continue to deteriorate, but this comes across as a great example of looking behind the curtain and reading the whole article.
Of course all this is just my opinion, the headlines seem to have a different opinion.
The headline`s job is to get your attention so you will read the article, and nothing more. It is often not consistant with the text of the article. And it`s all about selling newspapers. The sad thing is that this technique is successful at getting consumers to move in a herd-like mentality in concert with what the headlines say - a self-fullfilling prophesy designed only for the benefit of the shareholders of the media enterprise.
And you can clearly see that it works - look at the huge number of views and replies to this thread. Sigh...
It does mention a substantial increase in default rates on household debt if global economic conditions continue to deteriorate, but this comes across as a great example of looking behind the curtain and reading the whole article.
Of course all this is just my opinion, the headlines seem to have a different opinion.
The headline`s job is to get your attention so you will read the article, and nothing more. It is often not consistant with the text of the article. And it`s all about selling newspapers. The sad thing is that this technique is successful at getting consumers to move in a herd-like mentality in concert with what the headlines say - a self-fullfilling prophesy designed only for the benefit of the shareholders of the media enterprise.
And you can clearly see that it works - look at the huge number of views and replies to this thread. Sigh...