I give up, rather, I declare my independence. I am done with traditional news outlets. All of them. Let's recap. Last month, i.e., December, 2015, I freed myself from the Wall Street Journal and terminated my WSJ Digital subscription (savings, about $30/month) . For the past month or so, I evaluated a free, online, subscription to Investors Business Daily. Not bad for quick news on stocks, but, do I really need a daily compendium of company press releases rehashed as news, along with a steady stream of sell-side "analysis?" For free, yeah, I'll take it. For $269/year, no thanks, I will pass. As for IBD's editorials, I already agree with Thomas Sowell, and the rest is just editorial catnip. Reading too much of said catnip would make me anxious, and make me drool and leap around, just like a cat overdosed on terpanoid nepetalactone, which happens to be the main chemical constituent of the essential oil of Nepeta cateria, known to felines everywhere by its common name, catnip. I give a referential nod to Wikipedia for the nomenclature.
It's no use reading newspapers or listening to the network or cable news programs. I get better information from old books. One such old book that I am currently reading with great interest is Two Years Before the Mast, the classic nautical account by Charles H. Dana, Jr., the early 19th Century Harvard drop-out (for health reasons; not to start the quill-pen-and-ink version of Facebook; besides, Dana eventually returned to Harvard, where he finished his studies in just six months), who shipped-out of Boston in 1834 for two years as a common sailor on a trading brig, bound for coastal California via Cape Horn. Wow! That was an adventure, not to mention, a great work of literature, maritime history, and the history of life in coastal California before statehood. In those days, the California economy consisted of commerce in dried cattle hides and the bounty of trappers trudging west from the Rockies to sell furs and pelts to seaborne traders. Gold had not yet been discovered, which is when the nascent California economy really took off.
The simple point of all this? To know where things are headed, never mind today's news. Just read history and pay attention.