Sunday, May 30, 2010

Anti-Euro Bias

Quatremer argues that anti-Euro bias leads Anglo-Saxon papers to print the least rumor about the currency and points to the FT's running of a story about the Chinese central bank reexamining its euro holdings as evidence.

There's this interesting bias that FLG sees with people who are deeply interested and involved in politics, and that's that they see everything through a political lens. So, every action is taken for or against some political principle. It severely distorts their analysis of events and often leads them down drastically counterproductive paths.

An alternative theory, one that as somebody who thinks about economic as well as political motivations, is that the euro area is in the news, people are worried about it, and printing any story will increase sales. No inherent political bias. Just chasing profits.

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