Is financial journalism failing again

Not only did financial journalism fail in the run up to the current crisis but it appears that it is still failing now.

That is what the FT's Lex thinks anyway

Flickers of hope – such as a rise in German business confidence – are treated sceptically, winning less airplay than grim news such as the rise in Spanish unemployment to 17 per cent. Columnist Luke Johnson claims that print journalists can’t see beyond their own internet-ravaged industry