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Economy

Same Reports, Two Different Takes

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By Douglas A. McIntyre Published
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From Ticker Sense

New Inflation Fears Cap a Rocky Week” – New York Times 3/18/07

“Upbeat Outlook for US Inflation” – Financial Times 3/17/07

When investors get caught up in the tick by tick minutiae of the market, one suggestion often given is to take a step back and look at the data from an outsider’s viewpoint.  With that in mind, we found that the pair of headlines regarding February’s CPI report were interesting.

One headline, from The New York Times, interpreted the report as showing signs that inflation was starting to pick up again.  The article stated that Friday’s CPI report, "alarmed many investors in advance of this week’s Federal Reserve meeting on interest rates."

The other headline came from across the Atlantic in The Financial Times.  It took the opposite view and interpreted the report as positive for the inflation outlook. It went on to say, "The Federal Reserve is likely to welcome the cooling of underlying price pressures…"

Which article is right?  Only time will tell, but for now we’ll go with the outsiders view.

http://www.tickersense.typepad.com/

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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