If Ukraine Is Winning, Why Is Their Story Being Buried In The News?
The cheerleaders have left the stadium.
The market is in a correction. The slow and steady decline in the equities markets since the beginning of the year means that they’re pricing in Ukraine’s loss of the war to Russia. Even Bitcoin is down 49% since January. And Joe Biden said a negotiated settlement is needed to end the war.
We know they’re losing because news of the war is slowly being buried by mass shootings, Monkeypox, inflation, and the January 6th committee.
Ukraine has been drifting down the home page of the NY Times for months. It’s not quite a footnote yet, but it’s getting there. If the good guys were winning, they’d use a much bigger font.
Today, the war is the cause of high gas prices and a source of demand for ammo as Ukraine asks for more. Later this year, we may find that the war is the cause of food shortages someone named Putin was planning on from the start.
I surveyed about 10 American newspapers this morning and none of them show Ukraine at the top of the home page. None of them had more than one or two mentions of Ukraine. A majority of them had zero mention of Ukraine on their home page. The story of the slow defeat of Ukraine is being buried by all of the other news.
