Robert Peston - Please Shut Up!

Robert Peston claims to have considerable experience of financial markets both as an employee in the City of London and as a journalist. Surely then he of all people should know that markets are particularly susceptible to mood. Indices can fluctuate wildly from seemingly frivolous motives. We all know that the markets are in turmoil and we all know who the real culprits are. The source of the Credit Crunch is not too difficult to discern and most people just want things to get better sooner rather that later. There are, however, factors that can inhibit or prolong the road to recovery. Pessimism is one area that needs to be tackled and it is in no one's interest to have individuals or organisations constantly harping on about how bad things are. Robert Peston is one of the main protagonists of doom and gloom. I know Mr Peston would argue that he is only doing his job but these are, in his own words, "extraordinary times" so maybe he should consider not doing his job for a while. (Go on holiday Robert or, even better, become a monk). In fact, in order to stop the malaise, governments should impose partial or, in some cases, total restrictions on financial reporting in the media to complement any proposed bank bail out plans.