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My thoughts on CNBC in 2009 here. We had a good run, but it's over. I was one of the original Maria Bartiromo Fan Club. But CNBC has degraded to the point where it's unwatchable. This happened a long time ago, but I held on. I'm a romantic. It started with that buffoon Jim Cramer getting his afternoon/evening show where his antics are designed to lure individual investors into hyperactive trading styles sure to blow up their accounts for the benefit of Wall Street. Bear Stearns is not in trouble! BUY BUY BUY! And the 5pm Fast Money show was a roundtable of egos offering their opinions, but no information. So we watched during market hours, then turned it off. We didn't want to admit it, but the market hours coverage is now just as bad. It's wall-to-wall cheerleading bimbos. And I'm not just talking about the eye candy. Dennis Kneale is the biggest bimbo of all. What on his resume other than playing a bit part in Rent in his high school drama production qualifies him to be a business journalist? So we're cutting over to Bloomberg TV. They have the eye candy there, too, but they take the news seriously. And they're much more even-handed and even-tempered than the Cheerleading Nitwits Bubble Channel. I'll miss you, Rick Santelli, and even you, Charlie Gasparino, on your good days. Why don't you go work for a real business news channel?
Toggle Commented Aug 8, 2012 on Has CNBC Lost its Mojo? at A Dash of Insight
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Who needs business news and commentary when the markets are driven entirely by central planners? We haven't had capital markets or price discovery since at least 2008.
Toggle Commented Aug 8, 2012 on Has CNBC Lost its Mojo? at A Dash of Insight
1 reply
"Why Did Republicans Turn Against The Fed?" Aside from conservatives' natural, and right, aversion to central planning, there's the little matter of the Fed's track record of being absolutely wrong about absolutely everything: Oh, and blowing up the economy. Can't see how those Republicans could have a problem with that!
Toggle Commented Sep 28, 2011 on links for 2011-09-28 at Economist's View
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May 11, 2011