Rejoice: the crisis might almost be over

Also boring by Getty Images via Daylife

On of the interesting features of media is that they get so bored so easily. When wars, famines, earthquakes, tsunami's, Olympic Games or other crisis take more than a few weeks, mainstream media tend to look for new excitement. Most of those crises do not go away that fast, but journalists leave the place after a while.
The official explanation was that the audiences got bored, but since audiences did not mean that much for the old media, my estimation it were the journalists who got bored. Of course, the victims would be the last ones to get bored with their own problems, but they would have no say at all.
In the past I would make a living as a journalist by visiting places where the crisis was no longer interesting. In the case of wars, going there a year later was not only much safer for a coward like me, it did produce many interesting stories.
Now, the financial crisis is already going on for quite a while, journalists kept on reporting about it longer than expected, but now China is showing some very early and unsure signs of recovery, the media jump on it. Whether it is true or not, there is news to be reported.
Allroadsleadtochina give a nice overview of the stories reported by Bloomberg and Reuters now manufacturing indexes are actually going up. Rejoice: the end of the end is near.

Rich Brubaker:
For me, it is all getting to be a bit much. That while I am having conversations, on a daily basis that only reflect the fact that the economies (US and China) are continuing to slow down. Taxi cabs during peak hours are available, stores closing, large MNCs preparing layoffs of full time workers, and other firms implementing mandatory non-paid leave for ALL China staff.

I agree: it is not yet over, even though journalists are longing for a new story.