Is the media responsible for cooling down the economy?

Opinion

Overseas, after a long cold winter, the first signs of spring might be starting to encourage optimism. Every move the White House makes is being closely watched and new data analysed - could this be the first glimmer of light at the end of the tunnel?


Wall Street yesterday got the news it wanted on the US economy's biggest problems - banks and housing - and responded with a rally hurtling the Dow Jones industrials up nearly 500 points.

Across the Atlantic in the UK, where the crisis is hitting the banking and financial sector hard, one of Britain's top fund managers said he thought the US and UK sharemarkets may have hit bottom.

Is the media responsible for cooling down the economy? Here is the latest selection of Your Views: