- advertisements -
That was kind of like a reach around on a porn flick me thinks.
I have been trading own account for 10 years, I avoid this channel at all cost. In our trading room we call it Comedy Network Business Channel.
CNBC is an entertainment venue that uses the financial sector for its material.
At what point in this modern society did we begin to believe that television broadcasting (or even radio, for that matter) -- a one-way, pre-ordained communications conduit -- was a valid source of education or suitable machinery for development of "the truth?"
Taleb had it right when he reminded us that even the stoic media institutions in this country that we "believe in" selectively choose the "facts" that they use to conduct their arguments.
I treat CNBC for what it is -- a profit-motivated enterprise that has no incentive to enrich or aid me in any way. Any benefit I derive for consuming their product is a completely random occurance. But in many ways, watching CNBC is a window into the game plan of your opponent.
In the late 1990s during the tech bubble.
They pal around too much with terrorists!
Economessed, you hit the nail on the head. No other comments are needed!
LOL where was melissa francis during all of this- did anyone check under the desk??
Now that's entertainment! CNBCs perfect sponsor? Summers Eve Douche.
"I am rethinking everything. Including who I trust to look after my <fill in the blank>"
I know the commercial said money, the sequence just struck me.
Come on CAPTCHA gimme a tough one.
Don't say that...they'll have us computing pi out to 15 decimal places! :)
Why is everyone watching it?
If you believe all this... turn it off, don't turn back on.
People need to be made aware of just how conflicted CNBC is... and hopefully NEVER invest 1 cent based on anything that the channel discusses or recommends.
CNBC has a great new show coming up highlighting the porn industry. It's good to see the whores and charlatans on CNBC have leared their lesson after pumping the equity market into 2000, then pumping the China story, commodities, sovereign wealth, foreign investing, homebuilders, etc into 2008. And now they are out in front of the next crisis with renewed journalistic integrity and vigor. Porn.
These are some of the dumbest muther fruckers in "journalism".
It's very entertaining when you notice that CNBC lately runs specials on Pot Smoking, Porn, Gambling, and Prostitution, and then you notice that they've been hiring women for their... brains. Good show guys! Rally?
Vote with your wallet, simply turn it off.
Jon Stewart has been ripping Cramer for months it doesn't mean a thing. Everyone is ripping on Big Bird and he is loving it, he wants to be the new Dark Vader. Turn it off.
Agree TD. Please continue to expose them for the frauds and liars they are.
The investing public deserves much better. Blogs like this one and others that help expose them can only help.
Keep up the good work TD and ZH.
Just as Fox was Bush's medium, now CNBS is O's medium to the sheeple. (National Barac Channel)
you obviously don't watch the show. Where in the world did you get the idea that CNBC is a fan of Obama?
MSNBC - usually. NBC - occassionally. CNBC - no.
Well done. This is a piece that could be of benefit to retail investors.
When you have a storm, Tsunami, Hurricane, etc - "the Masses" are glued to the Weather Channel - ratings spike, etc.
When you have OJ in a white bronco chase - "the people" watch CNN - ratings spike.
When you have an IRAQ invasion - "the public" focus on CNN again - and watch it 24hrs....
BUT - when you have a financial melt down that never ends and financially impacts all... it's like a storm, OJ Chase, WAR, Tsunami that never ends, day after day after day - people are glued to the "show" seeking info, a conclusion, judgment of who "wronged us" - who are the BAD, and GOOD - and what is "fair" and "just" -and politics, and etc, etc,, etc.
In fact - the realization of the true Social / Political implications of the communications Revolution [Network] - found on this VERY web page and dozens like it - are at the bennefit of this very same financial meltdown - and new found interest for the masses to ask "why" and organize arround a new, all be it "populist" cause to action...
I think its great - and we are part of a new chapter unfolding as the classic media / Gov / Big Corp control of info and organization is shattered -
Note to All: I have extracted the CAPTCHA answer cracking code from the Aleynikov's code dump, and will be willing to sell it for $10,000...
tyler, their commercials on MSM make me SO annoyed with their cartoon characters saying "I'm moving my accounts... I'm doing something about it" (referring to last September)
these bullshit artists should be put in a public stockade for a good rotten tomato toss.
Ps Charles is OUT, they like to be called "Chuck" now.
"I'm not thinking about moving my money. I AM moving it..." into an investment in several gallons of cheap stock liquor.
....well it's simple... they belong to Jeffery Immelt and the very unsuccessful GE Corp. Send a letter to GE NY City. I have. My favorite is KARL the Kommunist Quintanilla.
And have you noticed many of their snorting heads are showing up on MSNBC? Maria B was on this AM and looked like a fish out of air.....
i watched fox last night and noticed that morganstanlysmithbarney is now a sponsor--THAT was a big mistake for fox.
C'mon now - Hope is the new bubble.
Best. Economic assessment. Evah.
Hey, we just need more hope and fortitude, you digital dickweeds.
I like how in the screen freeze his mouth is just a play button.
Didn't watch the clip, but it's fun to imagine all the sponsors shoving their fat fingers at his mouth button over and over
...and have you noticed that Rick Santelli is fading into obscurity ever since he had the audacity to oppose OBAMAMA?
The CNBC week:
Mo-Fr: continuous nonsense about financial markets. One big celebration of casino-capitalism and implicit or open anti-europeism
Sun: praise the Lord
CNBC/Bloomberg: financial pornography. Addictive despite all. I always wonder: do they really believe what they are saying or to do they actually know that they are talking bullshit essentially. The latter case would leave me with at least some relief.
It's not financial pornography; it's just pornography.
CNBC-formercial is to finance what ESPN is to sports.
Found this funny from RAN:
- Bove cites loan and deposit declines, lower margins and higher non-performing assets, also “disappointing” principal transaction results for assessment.
CNBC = CNBS. If you listen to these clowns, and take their advice and direction, you might as well just write someone a check for everything you have and be done with it. Seriously, they are tryign to sell or peddle their crap that the economy is now is full recovery mode,..just unbelievable.
Might be worth a blog entry:
That temper tantrum by Drama Queen Kudlow directed to Kunchinich was absolutely an insult to my intelligence. What a dickhead shill Kudlow has become.
CNBS is officially an infomercial content only.
Hilarious fragment. Is this Kudlowclown on crackcocaine or something? The lady is also pretty far from reality.
I've sworn more than once that Kudlow and Maria share thier happy dust backset, but the ladies keep sayin that Maria's ass is way too large for her to be a cokehead.
This is an entertainment channel. Same as Entertainment tonight.
cnbc has a lot to do and it must have been a slow news day for them to go out and interview idiots like some guy named max hardcore, aka paul little before he goes to jail.
I remember surfing by and they were discussing wearing "snuggies" for that sponsor.
I am still holding my FAZ shares. To the end.
cnbc has a lot to do and it must have been a slow news day for them to go out and interview idiots like some guy named
18. Markets are being manipulated by liquidity injections.
19. Bankruptcies are up 50% YOY.
20. Consumer spending continues to decrease. (Critical)
21. Oil prices are soaring, putting pressure on the consumer.
hat tip to http://... good finance articles
I've turned off CNBC for some time.
My question: is Bloomberg any better? Or should we just not use TV as a medium for keeping up with accurate financial news?
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