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A poll of CEOs at Fortune 1000 companies conducted by Frost & Sullivan has concluded that the global economic slump is all the fault of 'the media', which is twisting facts and exaggerating economic statistics in a desperate bid to sell more copies and attract more eyeballs.
"Because of this, consumers and business have frozen spending, canceled projects, sold investments, and laid off workers. This has caused a downward spiral in demand and pricing that has now caused about 20 trillion dollars of damage globally," says the F&S study.
Apparently, this is not just the view of a small portion of feeble-minded, depression-addled CEOs, but a whopping 91% of those surveyed.
Never mind the catastrophic mismanagement and sheer unbridled greed of Wall Street's finest, let's just shoot the messenger instead.
Another great example of out-of-the-box, visionary thinking from the captains of industry. We can all sleep soundly, knowing that the economy is truly safe in their hands.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
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