Real-Time Media Criticism
Also like BusinessWeek, the Journal does not shy away from converting seemingly insignificant survey results into grand conclusions. Many of these are just plain weird. For example, eight economists out of 56 believe that a possible Fed slip-up is the biggest cloud hanging over the economy. This means that 48 economists think otherwise. But that's fewer than the 15 economists who think that a crash in the housing market is the most worrisome possibility. Therefore, the Journal concludes, "The survey identified a potential monetary-policy mistake as the second-biggest cloud overhanging the economy."