Classic tell-it-like-it-is Gerald Celente. The master global forecaster breaks down how the mainstream media soft-peddled coverage of Wall Street’s worst opening of a new year in its history. Despite the Dow industrials plummeting more than 1,000 points to ring in the worst first week of the new year ever, and despite US stocks losing $1.36 trillion in value, and despite crude oil’s price tumbling 11 percent in one week, the business-media spin was that the strong jobs report proved the fundamentals of the economy were sound. Indeed, The New York Times, the self-anointed “Paper of Record,” featured the jobs report on page 1 while burying the Dow’s history-making dive on the lower-bottom left of the next-to-last page of the business section with the less-than-startling headline, “Markets slide to worst week in 4 years.” Even The Wall Street Journal’s top-of-the-page headline, “Bad week for stocks dims outlook,” played down the severity of the history-making market-mauling by overshadowing it with a dramatic front-page photo of a gunman shooting a policeman driving a squad car in Philadelphia. All essential indicators signal a global recession is not only inevitable, it’s imminent, just as the Trends Research Institute forecast last year. But the mainstream business media is passively waiting for the storm to blow over.