Business media sentiment about economy remains low

A report from TrendPointers indicates that the majority of the business media sentiment is "at best uncertain or acknowledges that the economy is in a recession." Interestingly, however, this month's data, with 78 percent of respondents negative or uncertain, is actually a decline from the 90 percent who expressed the same view last month.

The mass media are following this pattern with Recession Acceptance increasing from 39 percent to 47 percent this month.

In the report, TrendPointers concludes the following: "The most optimistic view of the data is that the business media, who sometimes lead the overall sentiment trends, are now thinking out loud about how long and how severe that recession might be, and studiously comparing current conditions to past recessions."

Read the full release here.