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David Rosenberg Refutes Erin Burnett's Misconceptions About The "Recovery"

Tyler Durden's picture




 

We like Erin Burnett: after all she is ranked 33 on the Fortune 40 under 40. Who can not like someone who has managed to get that high in the rankings on pure talent, although some recent CNBC appearances did seem to indicate a slight, shall we say, bias, when her guests tend not to disagree with Ms. Burnett's misperception of the world. Indeed, in a recent appearance on Meet The Press, the youngish CNBC anchor made some statements that go straight to errorchecking and bias validation. At 47 minutes into the  interview (extracted) Ms. Burnett says: "I think the problem is you have the fastest job creation in this recovery than you have in any recession in 25 years... Technically speaking this recovery has not been tepid." Alas, we are not sure who fed the CNBC employee these "facts" and figures, but they are patently false.

On the first item, we present the quite famous chart comparing job recoveries across all historical recessions. Alas, this chart argues for precisely the opposite of what Ms. Burnett claims - we are currently experiencing the recession with the slowest job creation in history. And based on our prior estimates, the recession will last around 85 months before we regain the unemployment rate seen at the onset in December 2007.

Projected:

Yet the biggest refutation of just how "strong" this recovery has been comes courtesy of David Rosenberg this morning, who confirms that we are currently experiencing the most tepid recession recovery despite the biggest stimulus spend in history.

At 34:35 into the video Ms. Burnett says:

The economy is growing. The numbers are coming out. We're getting better - in fact, after this recession we have - our recovery started more quickly than after any other recession in the past 25 years. So it's accurate to say that we are growing and we're going in the right direction.

Sorry Erin, it's not "accurate". Enter Rosenberg:

Look at Chart 2, what is normal, 33 months after the recession begins, is that all the stimulus and lags have worked their way through the system and generated new peaks in all the economic data. On average, employment is up 5.5%, GDP is up 12%, housing starts are up 27% and retail sales are up 25%. This time around, and in the face of pronounced policy stimulus, employment is down 6%, GDP is down over 1%, starts down 47% and retail sales are down 4%.

We are confident Ms. Burnett would gladly invite someone with whom to debate these findings, although we have a feeling that someone would promptly "raise her temper", be chided for being rude, and told to never come back on CNBC.

Relevant section in the Meet the Press interview below.

 

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Wed, 09/08/2010 - 10:13 | 569283 FranSix
Wed, 09/08/2010 - 14:27 | 569993 nope-1004
nope-1004's picture

not sure who fed the CNBC employee these "facts" and figures, but they are patently false.

 

Since when did TV or its content ever state that it was accurate?  In fact, the opposite now occurs.  You get disclosure statements to the effect of "the opinions stated on this channel are those of the commentators or guests and not necessarily those of CNBC".

So there you have it.  Gov't wants to feed lies, Erin et al. oblige.

The financial community is one large demonic parasite.  These limelight wanna-be anchor chicks simply don't see how they are compromising their integrity by reporting manipulated stats.  The bankers started out by using realtors to do their dirty work and flog houses.  Now, the MSM is the bankers' new bitch.

 

 

Wed, 09/08/2010 - 15:13 | 570120 maddy10
maddy10's picture

what else would you expect from GE????

To tell you the truth?????

That US is F%&*( up????

That the country is becoming a big nursing home for senile obese diabetics with strokes and amputations who will be paying whatever they have and you have for Healthcare companies and remodlled construction workers as 'nursing assistants'????????

That you may never think of repaying debt ever again?????

Go fetch

Wed, 09/08/2010 - 20:49 | 570804 Testicular Cancer
Testicular Cancer's picture

PMSing big time. Where is that St John's Wort? I would prescribe me, Dr Chad Feelgood.

Wed, 09/08/2010 - 10:14 | 569288 SheepDog-One
SheepDog-One's picture

I saw Erin snap and lose it on some guest yesterday for 'being rude'...seems the edges are becoming a bit frayed at the pump and spin machine.

Wed, 09/08/2010 - 10:43 | 569386 Cognitive Dissonance
Cognitive Dissonance's picture

Erin's snapping and bunching panties were with Michael Pento, described in the ZH article that came out a few hours later.

Unless she lost her cool twice yesterday and the Pento pummel isn't what you're talking about.

http://www.zerohedge.com/article/mike-pento-kicked-cnbc-telling-truth-dumb-money-manager-says-nothing-bubble-when-people-want

Wed, 09/08/2010 - 11:45 | 569559 sheeple
Wed, 09/08/2010 - 12:35 | 569686 SheepDog-One
SheepDog-One's picture

Thanks, mate!

Wed, 09/08/2010 - 13:05 | 569764 thesapein
thesapein's picture

Schiff had some funny things to add on his youtube blog last night about that interview, since Pento kinda represents for Schiff.

http://www.youtube.com/watch?v=6yfqzwwNGEg

Wed, 09/08/2010 - 16:27 | 570343 Problem Is
Problem Is's picture

I'm glad some one is keeping a Snappy Snatchy-Snatch score card, CD...

Wed, 09/08/2010 - 10:43 | 569387 Votewithabullet
Votewithabullet's picture

News flash the web site your on posted the interview and the spick nick wouldnt let the super fox finish her question a half fucking dozen times but that wouldnt bother you pussies if someone walked all over your questions(sean hannity: no?)

Wed, 09/08/2010 - 10:54 | 569426 firstdivision
firstdivision's picture

Questions?!? Did you watch the interview?  She made a statement that Pinto was wrong, so he told her to prove her point.  She is just a moron that knows if it is not bullish to just say they are wrong.  She threw her 2 cents in, got shut down, and took her ball and went home. 

Wed, 09/08/2010 - 10:59 | 569443 Cognitive Dissonance
Cognitive Dissonance's picture

Wow, looks like you've just been triggered. You should be careful with that righteous indignation. It might just get out of hand, causing you to shout insults and use profanity in an effort to remove all doubt as to your stupidity.

Wed, 09/08/2010 - 11:20 | 569501 Takingbets
Takingbets's picture

Lol!! That's the best come back I've seen all week. :-)

Wed, 09/08/2010 - 16:30 | 570356 Problem Is
Problem Is's picture

WOW. The last time I saw a +22 junk...

Some one said Israel was wrong about something...

This guy is in AIPAC Junk country...

Wed, 09/08/2010 - 17:34 | 570516 akak
akak's picture

You must not pay too much attention to the gold-bashing trolling of JohnnyBravo!

I have seen him accumulate 20+ junks easily.

Wed, 09/08/2010 - 13:15 | 569795 Hephasteus
Hephasteus's picture

I think you need to watch it again. Erin started putting him on a leash twice before he started doing EXACTLY what she was doing.

Wed, 09/08/2010 - 10:48 | 569394 etrader
etrader's picture

Maybe She's just PMSsy.... >cluching at straws<

Could explain her irrationality.... ;>

Wed, 09/08/2010 - 19:52 | 570732 dogbreath
dogbreath's picture

furor uterinus

Wed, 09/08/2010 - 10:56 | 569419 Bartanist
Bartanist's picture

You might think that being named #33 out of to 40 is something to be proud of, but IMO it may be something that has handicapped her incredibly. To become #33 she had to sell out, suck up and create an impenetrable ego shell around what "she is supposed to be" dictated to her by the programmers.

She seemingly has no acceptance of others who have not been indoctrinated into the globalist oligarchy and rams propaganda down peoples throats as if they are baby birds that she will bite the head off of if they disagree with the meal.

I watch CNBC rarely now, but have seen her snap at people who disagreed with the program and threaten that guests will never be invited back unless they spew the party propaganda and kowtow to their rules. Hey it is their propaganda station, after all. They can decide who they invite.

As for her, maybe she was worthwhile at some point in time, but she has seemingly lost her soul... Satan takes another one ... sigh. 

Wed, 09/08/2010 - 11:08 | 569468 MarketTruth
MarketTruth's picture

Well, it seems that Erin is part of the CFR and am sure other insider elite 'gangs'. Odds are she gets passed around a bit, making the rounds if you will, and so it is easy to accumulate money. It is like being a member of high government or other such entities. Problem is, one sells their soul to reach such a level and generally they have no clue about the reality of hat is truly going on 'in the streets'. They find themselves in a different, and very skewed, reality where CEOs and the elite rich play. Perhaps Erin is simply a reflection of the lies she is surrounded by everyday.

If you grow up in a social circle/society that thinks murdering poor people is good, you then will probably would not think twice about murdering others who are poor. Think of it as akin to the religious nutsjobs who for thousands of years have been murdering others who have different religious beliefs (onward Christian soldier murders, Jewish Mossad, etc, etc and yes etc).

Wed, 09/08/2010 - 11:54 | 569579 Almost Solvent
Almost Solvent's picture

Wait a sec; Religious views can cause individuals or groups of individuals to act out in a violent manner towards others who are not part of their religious views?

Why can't everyone just get along?

What's so hard about that!

Wed, 09/08/2010 - 12:03 | 569605 Tarheel
Tarheel's picture

Isn't is cute how CNBC lets their anchors and journalists have an opinion on economics and the various markets? They even allow them to refute EXPERTS that appear on their shows.

Wed, 09/08/2010 - 10:14 | 569289 CashCowEquity
CashCowEquity's picture

wow...she is dumber than a ghetto rat.

Wed, 09/08/2010 - 10:16 | 569293 Calculated_Risk
Calculated_Risk's picture

Unfortunately, the more you lie and fuck up, the higher your promoted.

She'll be president in 20 years max.

Wed, 09/08/2010 - 10:47 | 569407 skohiu
skohiu's picture

+1

LMFAO.  So true.

Wed, 09/08/2010 - 10:16 | 569295 SheepDog-One
SheepDog-One's picture

'Fastest job creation ever' she says? Try to find a week where we didnt have 400K+ jobs lost WTF is this stupid bimbo on?

Wed, 09/08/2010 - 10:20 | 569317 small watcher
small watcher's picture

...WTF is this stupid bimbo on?

What is television, Alex?

Wed, 09/08/2010 - 10:30 | 569350 ReallySparky
ReallySparky's picture

That is funny.

Wed, 09/08/2010 - 10:35 | 569368 Calculated_Risk
Calculated_Risk's picture

I believe the correct answer is "What is a television?"

 

I'll take Popular Propagandists for a $1000 Alex...

Wed, 09/08/2010 - 13:54 | 569886 Larry Darrell
Larry Darrell's picture

And you've found the daily double..........how many worthless digital dollars would you like to wager?

Wed, 09/08/2010 - 10:16 | 569297 Dr. No
Dr. No's picture

I love the projected chart.  Did the author get his kid to extropolate a line and he happened to direct it upward?  Did the other kid draw his downward?   I suspect it has about the same accuracy if the project number came from the government.

Wed, 09/08/2010 - 10:19 | 569312 Tyler Durden
Tyler Durden's picture

Actually, that's the optimistic case. You can read all about it here.

Wed, 09/08/2010 - 11:00 | 569401 Cognitive Dissonance
Cognitive Dissonance's picture

Optimistic is an understatement Tyler. When I read your admittedly "best case" projections I thought you were rehearsing for an interview to be the official WH propaganda wizard. :>)

Wed, 09/08/2010 - 12:46 | 569719 chrisina
chrisina's picture

What's the realistic case?

Wed, 09/08/2010 - 10:16 | 569302 Yardfarmer
Yardfarmer's picture

bimbo alert. sex will always sell stupidity.

Wed, 09/08/2010 - 14:18 | 569959 Cathartes Aura
Cathartes Aura's picture

never-ending supply of buyers, apparently.

Wed, 09/08/2010 - 10:17 | 569303 ZEITGEIST
ZEITGEIST's picture

HOW DID SHE GET TO BE ON FOBES 40 UNDER 40..FROM BEING ON CNBC..DOES ANYONE KNOW WHY ?????

Wed, 09/08/2010 - 10:21 | 569323 hedgeless_horseman
hedgeless_horseman's picture

She has been under 40 of the panelists?

Wed, 09/08/2010 - 10:33 | 569366 Jake Green
Jake Green's picture

+40

Who said Depressions couldn't be fun

Wed, 09/08/2010 - 19:55 | 570734 Bartanist
Bartanist's picture

She is #33, so apparently 7 did not admit it.

Wed, 09/08/2010 - 13:33 | 569836 Kayman
Kayman's picture

Uhh... something about a garden hose and a golf ball ????

Wed, 09/08/2010 - 20:26 | 570776 ColonelCooper
ColonelCooper's picture

The truest irony that Erin will realize when she looks back at her life, is not the amount of cock she may or may not have sucked to get where she is, but rather the amount she is GOING to have to suck to stay alive when this all falls down around her pretty little head.

Wed, 09/08/2010 - 10:17 | 569304 Turd Ferguson
Turd Ferguson's picture

hosebag

Wed, 09/08/2010 - 10:17 | 569305 Number 156
Number 156's picture

Does anyone really watch this channel anymore?

Wed, 09/08/2010 - 10:19 | 569313 digitalhermit
digitalhermit's picture

Yes, watch - but never listen. It's like softcore porn.

Wed, 09/08/2010 - 10:19 | 569314 Bearster
Bearster's picture

Yup, and if so, why??

Wed, 09/08/2010 - 10:44 | 569391 Glaucus
Glaucus's picture

What channel?

Wed, 09/08/2010 - 10:18 | 569307 SheepDog-One
SheepDog-One's picture

Thats bottom chart- Shows a continuous rise in employment from here on out? Thats the rosiest picture BS Ive ever seen, WHERE do those jobs come from in de-industrialized america? What, is EVERYONE now going to be a healthcare worker?

Wed, 09/08/2010 - 10:21 | 569321 reading
reading's picture

I think the point is, even if you use that rosy "projected" scenario from here it would still take 85 months from the time the recession started to get back to where we were with jobs.  She is correct, this has not been a "tepid" recovery the damn thing is STONE COLD dead.

Wed, 09/08/2010 - 10:28 | 569341 Spalding_Smailes
Spalding_Smailes's picture

They are building a bunch of target superstores.

Wed, 09/08/2010 - 10:37 | 569377 Judge Smales
Judge Smales's picture

You'll get nothing, and like it!

Wed, 09/08/2010 - 10:44 | 569390 Spalding_Smailes
Spalding_Smailes's picture

Dad ????

Wed, 09/08/2010 - 14:45 | 570056 Cpl Hicks
Cpl Hicks's picture

Now, now... you just need Danny to loofah your stretch marks.

 

Wed, 09/08/2010 - 13:38 | 569849 Kayman
Kayman's picture

Hey what a great growth economy. Health care workers taking care of health care workers (all unionized and pensioned).

Why didn't I think of that.

Wed, 09/08/2010 - 13:59 | 569893 Larry Darrell
Larry Darrell's picture

What, is EVERYONE now going to be a healthcare worker?

 

What's truly sad is that the openings in that field aren't as numerous as the PR machines and "technical colleges" would have you believe.  My brother's significant other is finishing anesthetic nursing school, and she said the open positions aren't plentiful like they were when she started the program.

Wed, 09/08/2010 - 17:38 | 570519 akak
akak's picture

My brother's significant other is finishing anesthetic nursing school, and she said the open positions aren't plentiful like they were when she started the program.

Why do we need anesthetics, when we have cable TV "news" and Obama's presidential speeches?

Wed, 09/08/2010 - 17:53 | 570544 Ripped Chunk
Ripped Chunk's picture

A government healthcare worker Sir, please!

Thu, 09/09/2010 - 02:19 | 571165 Haywood Jablowme
Haywood Jablowme's picture

"What, is EVERYONE now going to be a healthcare worker?"

Not to worry.  If not healthcare / nursing, there will always be available spots in the road paving and keyboard data punching for national ID card industries.

Thank god I'm getting out of this fucking country.  Somebody wake me when the american public finally grows a brain and some balls to take the country back.  In the meantime, I'll rent out the primary residence to 3 families at the same time.

 

 

Wed, 09/08/2010 - 10:18 | 569308 reading
reading's picture

What in the world is she smoking?  She must have gotten a new stash of hopium just for herself.

 

Wed, 09/08/2010 - 10:21 | 569319 OrdellRobbie
OrdellRobbie's picture

I'd hit dat

Wed, 09/08/2010 - 10:21 | 569320 Dr. Richard Head
Dr. Richard Head's picture

We are in a recovery dammit.  The stimulus worked already get over it.  We would have lost many many more jobs if we didn't stimulate the economy.  Joe Biden said so.  In fact, the stimulus projects worked so well puppet Obama is coming to my home to propose some more stimulus.  If that stimulus was so good at getting us to recovery stage, then surely more would bring us back to boom times right? 

HAHAHAHAHAH

Wed, 09/08/2010 - 10:34 | 569324 bigdumbnugly
bigdumbnugly's picture

somewhere mike pento is rolling his eyes about now...

Wed, 09/08/2010 - 10:22 | 569326 Ruffcut
Ruffcut's picture

Hurry! The value investor is leaving! Katie, bar the door!

More ponzi bullshit, quick! Override the truth, til it hurts!

Wed, 09/08/2010 - 10:22 | 569328 Socrates
Socrates's picture

This can be solved by The Bubble Boy...."Erin...take of your shirt"....don't talk.

Wed, 09/08/2010 - 11:48 | 569570 Ned Zeppelin
Ned Zeppelin's picture

Sorry, not much scenery under the blouse. Think rolling hills, as opposed to magnificent mountain peaks.  

Wed, 09/08/2010 - 10:22 | 569329 PlausibleDenial
PlausibleDenial's picture

"Peter Principle".... up and soon to be down

Wed, 09/08/2010 - 10:22 | 569330 mark mchugh
mark mchugh's picture

Here’s another example of Erin’s  keen insight (from crooksandliars.com):

  • “A lot of people like to say, uh, scaremonger about China, right? A lot of politicians, and I know you talk about that issue all the time. I think people should be careful what they wish for on China. Ya know, if China were to revalue it’s currency or China is to start making say, toys that don’t have lead in them or food that isn’t poisonous, their costs of production are going to go up and that means prices at Wal-Mart here in the United States are going to go up too. So, I would say China is our greatest friend right now, they’re keeping prices low and they’re keeping the prices for mortgages low, too.”
Wed, 09/08/2010 - 10:27 | 569340 Rick64
Rick64's picture

 She is bringing a whole new depth to the definition of stupid.

Wed, 09/08/2010 - 11:04 | 569460 Cognitive Dissonance
Cognitive Dissonance's picture

She may be plumbing the depths of something, but not stupidity. She's an intelligent propagandist who understands that her career is set if she continues to pump. The only ratings' she's interested in are those her masters give her. And they are happy with her performance. 

Wed, 09/08/2010 - 11:49 | 569574 Rick64
Rick64's picture

 You are right, but I would think that she could at least sound a little more intelligent in her reasoning.

Wed, 09/08/2010 - 11:59 | 569588 Almost Solvent
Almost Solvent's picture

Why bother?

There are 2 types of people:

(1)Those who think for themselves (rationally or not)

(2)Those who don't think for themselves

She and her masters ain't interested in the first group.

Wed, 09/08/2010 - 13:44 | 569869 Kayman
Kayman's picture

There are 3 types of people:

1. Those that make it happen

2. Those that watch it happen

3. Those that wonder what happened (Erin)

Wed, 09/08/2010 - 12:03 | 569603 Cognitive Dissonance
Cognitive Dissonance's picture

LOL

You kind sir are way more demanding that you're average TeeVee viewer, even those who watch CNBC who are supposedly a demographic of higher intelligence. There's a reason they (meaning the "anchors" on CNBC itself) call those things on CNBC "shows" rather than "news reporting" and it ain't just because they rarely actually discuss "news".

When watching "shows" on TeeVee, the only requirement of "you" the viewer is to suspend disbelief and allow Calgon to take you away. To apply intelligence, critical thinking and fact checking will just spoil the whole "show".

Wed, 09/08/2010 - 14:30 | 570003 NotApplicable
NotApplicable's picture

They call them programs for a reason.

The TV is the remote control.

Wed, 09/08/2010 - 15:52 | 570219 Cognitive Dissonance
Cognitive Dissonance's picture

Not just programming but "predictive programming".

One needs to step back a bit and plot out popular culture (including the so called prime time "shows" and blockbuster movies and what they're depicting) per the TeeVee (and the movie theater) on a timeline and then plot out domestic/world events on a timeline. Then lay them one above the other.

I see patterns where we are introduced to concepts and ideas via the TeeVee followed shortly by (time being relative, shortly can be days/weeks/months or even a few years) a real life event that the public has already been conditioned to accept via the TeeVee or movies.

Wed, 09/08/2010 - 18:11 | 570553 Ripped Chunk
Ripped Chunk's picture

In the UK and I also believe Australia, they call the attractive (and sometimes large breasted) persons on the TV   NEWS READERS !!!

That's it

Wed, 09/08/2010 - 18:22 | 570584 akak
akak's picture

.

"Trained Parrots" also works.

Wed, 09/08/2010 - 10:31 | 569361 willien1derland
willien1derland's picture

I am stunned....GREAT POST - I obviously need more medication!

Wed, 09/08/2010 - 10:45 | 569389 nonclaim
nonclaim's picture

Just get more lead tainted toys, they are cheap!

I wonder if the toys she use are of the same quality, that would explain her "smarts" in so many levels...

Wed, 09/08/2010 - 10:52 | 569416 willien1derland
willien1derland's picture

+1000 - Game, Set, Match! - Running to Walmart now - hopefully they are not sold out but considering the strength of the economy today - well, I am concerned!

Wed, 09/08/2010 - 10:24 | 569331 NOTW777
NOTW777's picture

"pure talent"

give us a break

rosenberg pitching for cnbs appearance

Wed, 09/08/2010 - 10:25 | 569333 Wyndtunnel
Wyndtunnel's picture

She's'so darn cute though!

Wed, 09/08/2010 - 10:28 | 569343 hedgeless_horseman
hedgeless_horseman's picture

Just ask any economist on Wall Street or any CEO.

Wed, 09/08/2010 - 10:52 | 569420 Paper CRUSHer
Paper CRUSHer's picture

Cute my ass.

This is cutie pie spells it out loud and clear as to where we are heading in terms of unemployment:

http://1.bp.blogspot.com/_XTwft_dsQz8/SVu_xteBPrI/AAAAAAAAAXE/pNA_Dd6AKe...

....1932 baby.......Thelma Todd...That's tell'n 'em me sweet cupcake.

Wed, 09/08/2010 - 12:03 | 569602 RichardENixon
RichardENixon's picture

I doubt if old Thelma is looking too good today. If you're trying to tell me you'd kick Erin out of the sack I gotta call bullshit on ya.

Wed, 09/08/2010 - 12:23 | 569632 Paper CRUSHer
Paper CRUSHer's picture

Well Mr Ex-President,

Unfortunately,poor ol' Thelma died from carbon monoxide poisoning at a young age of 29

(1906-1935).Her death certificate states her death as accidental carbon monoxide poisoning?.

A conspiracy surrounds her death.

Wed, 09/08/2010 - 12:57 | 569746 RichardENixon
RichardENixon's picture

The ex president's name was Richard M. Nixon. My name is Richard E. Nixon.

Wed, 09/08/2010 - 13:19 | 569800 MsCreant
MsCreant's picture

Oh Archie!

Wed, 09/08/2010 - 14:12 | 569928 Paper CRUSHer
Paper CRUSHer's picture

Geez bro,bigdeal.Mere details.

Cheers sister for ya reply to our Ex-President.

Wed, 09/08/2010 - 14:14 | 569944 Wyndtunnel
Wyndtunnel's picture

7 junks!! for Christ's sake I'm not implying that she's pornalicious or anything.  Secondly doesn't anyone know sarcasm when they see it?  

What the French would tell her is: "Tais toi et soi belle!"  (Shut your mouth and be pretty).

 

Wed, 09/08/2010 - 17:58 | 570557 akak
akak's picture

"Cute/Pretty" and "Erin Burnett" are utterly incompatible to me.

But I find being a paid shill and propagandist for the power elite to be the ultimate boner-killer.  Maybe it's just me.

Wed, 09/08/2010 - 20:02 | 570745 dogbreath
dogbreath's picture

Not just you.  Power is genderless. 

Wed, 09/08/2010 - 15:25 | 570153 Ripped Chunk
Ripped Chunk's picture

How is the phlebitis?

Wed, 09/08/2010 - 10:27 | 569334 Chemba
Chemba's picture

i think she is referring to fact that we went from -750 to +/- 0 per month, and is confusing magnitude of monthly change with a rate of overall change.

A little insight on Erin.  When she was at Goldman (IBD) she was viewed as having strong presense for someone so young, ambitious, charismatic, but not particularly bright (relative to other GS analysts), mediocre technical skills, and someone that probably would not pay her dues to be successful at Goldman.  It was a wise choice for her to leave GS and she has done well for herself.

 

Wed, 09/08/2010 - 10:32 | 569349 hedgeless_horseman
hedgeless_horseman's picture

When she was at Goldman (IBD) she was viewed as having strong presense for someone so young, ambitious, charismatic, but not particularly bright (relative to other GS analysts), mediocre technical skills, and someone that probably would not pay her dues to be successful at Goldman. 

Erin certainly was no CTW, couldn't pass the CFA, and not nearly as pretty.

Wed, 09/08/2010 - 10:30 | 569355 ricksventures
ricksventures's picture

How did she get into GS in the first place ???

GS has a very strong criteria to get in...

The question is what is a stimulus for her ?

Wed, 09/08/2010 - 10:53 | 569423 Nucking Futs
Nucking Futs's picture

The kind of stimulus that inflates your trousers.

Wed, 09/08/2010 - 10:25 | 569335 NOTW777
NOTW777's picture

did you hear her comment this morning about "obamas booming export economy"

she is a koolaid zombie with the insight of an 18 yr old

Wed, 09/08/2010 - 10:34 | 569370 Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

She's not an Obama supporter.  I doubt any of them mush-brained CNBC anchors are.  They are doing what GE tells them.  Remember, it's GE's financing arm that stinks or swims the company.

Wed, 09/08/2010 - 12:02 | 569599 Almost Solvent
Almost Solvent's picture

What ever happened to the cabletown, er, Comcast buyout?

Wed, 09/08/2010 - 10:28 | 569342 mark mchugh
mark mchugh's picture

Check out this classic clip of Erin explaining how taxpayer money is not being used to pay bonuses:

http://www.youtube.com/watch?v=lLWPj5hTkio

….The taxpayer money is not being used to pay the bonuses.  I think people could understand, if you work for a company, right?  The three of us work for a company…And I lost ten billion dollars.  Steve, over there he made a billion dollars.  So, overall the company actually loses money, but Steve went and did his very darndest for the company, and he actually made money.  So should he be paid for his work?  That’s essentially what we are talking about here…..

Wed, 09/08/2010 - 10:50 | 569412 willien1derland
willien1derland's picture

Outstanding Post - Heading for the fallout shelter & Xanax stash - two (2) quotes from the movie 'Short Circuit' - 1986 epitomizes my feelings currently 

Ben Jabituya: I don't know about you, but I am planning to scream & run.

 Ben Jabituya: I am standing here beside myself.

Wed, 09/08/2010 - 11:18 | 569493 mark mchugh
mark mchugh's picture

loved that movie.

Wed, 09/08/2010 - 10:28 | 569345 bankonzhongguo
bankonzhongguo's picture

Its not the talking boobs, its the so-called producers - the Iagos whispering in their earpiece telling them (selling you) the day's message.

Someone needs to do a porn parody of CNBC.

Wed, 09/08/2010 - 15:22 | 570149 Ripped Chunk
Ripped Chunk's picture

Who will play Cramer?

Wed, 09/08/2010 - 10:29 | 569346 Atlas_mugged
Atlas_mugged's picture

All you need to know about this malinformed pixie.

 

http://www.menshealth.com/men/best-life/career-money/schedule-saving-tra...

Wed, 09/08/2010 - 11:26 | 569513 MsCreant
MsCreant's picture

The comments are a scream.

Wed, 09/08/2010 - 15:27 | 570158 Ripped Chunk
Ripped Chunk's picture

Yea! but she has a Raleigh M80 mountain bike! Wow!

Wed, 09/08/2010 - 10:29 | 569347 willien1derland
willien1derland's picture

I say CNBC should be split in two - just like Irish Anglo Bank - unfortunately there appears to be no redeeming aspects of CNBC so throw it all in the 'Asset' Recovery Bank & be done with it -

Wed, 09/08/2010 - 10:29 | 569351 yabs
yabs's picture

I didn't realize WHORES  could get onot the FORTUNE list

Wed, 09/08/2010 - 11:27 | 569516 MsCreant
MsCreant's picture

Do you want to rethink that? Many of them are someone else's well paid whores.

Wed, 09/08/2010 - 10:31 | 569356 Chemba
Chemba's picture

It is the height of arrogance, laziness and stupidity that North Korea News (NBC) has guests like Erin Burnett to speak re the economy as "experts".  There are so many great people they could bring in to educate the Public, not to mention educate the boobs like David Gregory:  Rosie, Jim Grant, Jan Hatzius, Marc Faber, Mish Shedlock, ...

Wed, 09/08/2010 - 10:33 | 569362 Number 156
Number 156's picture

I think the CNBC is actually a leading indicator of market conditions. The more they try to refute reality, the worse things are going to get, because the producers of that show are connected to some of the biggest market insiders who desperately want to spin opinions. 

I think those massive outflows in mutual funds, ETFs and hedge funds are beginning to hit home, with more to come and they are absolutely panicking!

 

Wed, 09/08/2010 - 10:55 | 569429 BurningFuld
BurningFuld's picture

Correction (?): That should read "The more they try to refudiate reality"

Wed, 09/08/2010 - 16:06 | 570267 Number 156
Number 156's picture

I could be wrong. I tend to mess up more than most.

I will use 'deny' next time.

Didnt Sara Palin supposedly make that word up?

 

Wed, 09/08/2010 - 10:35 | 569374 TradingJoe
TradingJoe's picture

Who The F**k is still watching CNBC, eh? I can pump my own S**t and then sell it to Benjie!

Wed, 09/08/2010 - 10:36 | 569375 Nihilarian
Nihilarian's picture

Erin, allow me to dumb down Tyler's post: you're stupid.

Wed, 09/08/2010 - 10:39 | 569378 1100-TACTICAL-12
Wed, 09/08/2010 - 10:43 | 569379 Mercury
Mercury's picture

I have been really disappointed in (US) CNBC for a few years now.  The usually sharp and hard-working David Faber puts out schlock like 'House of Cards' and Cramer, once the proto-Durden, financial markets curtain puller of the Internet has been a joke for years now too.

I didn't peg Erin Burnett as such a new generation Hopium smoker though.  A former colleague was a close (non-romantic)  friend of hers in college and  given his snark filled and cynical outlook on the markets and life (and general abrasiveness) it's hard to imagine her going through her formative years with eyes full of unicorns and rainbows.  She's certainly no dummy or a pushover.  Must be something in the HVAC at the New Jersey studios...which would also explain Rick Santelli's maverick stance...

Wed, 09/08/2010 - 10:45 | 569397 Aghast in Midlothian
Aghast in Midlothian's picture

So...if she's not an Obamanista and not stupid (which I doubt, based upon the Pento interview last night)...the only other way to explain her views is that she has no stones/character and has rolled over for her corporate master, King Jeff. 

Wed, 09/08/2010 - 10:47 | 569406 Mercury
Mercury's picture

Forsake The Dark Side Erin...do not follow in the footsteps of Lord Vader....

Wed, 09/08/2010 - 12:12 | 569624 1100-TACTICAL-12
1100-TACTICAL-12's picture

I sense a disruption in the force..

Wed, 09/08/2010 - 14:09 | 569924 Kayman
Kayman's picture

Erin: You want me to do What ??? for a 100 bucks ??? What kind of lady do you think I am?

Client: I think we have determined what kind of lady you are, we're just negotiating the price.

Don't try to apply principles to the unprincipled. 

Wed, 09/08/2010 - 10:45 | 569396 willien1derland
willien1derland's picture

Ok SOMEBODY PLEASE HELP this pathetic Newbie - Did we just pass thru a some void in space? I have read & re-read several ZH articles & totally believe their validity, however the 'Markets' continue to trade up based on the Euro's strength??? - Maybe Erin is RIGHT....Sorely confused....

Wed, 09/08/2010 - 11:39 | 569549 MsCreant
MsCreant's picture

I have been it watching slowly crash since 2005, ardently started prepping in 2006, avoided the 40% haircut by getting out of markets, eh, maybe 6-10 months early.

Strap in. It's going to be a long ride. Pace yourself. You will be obsessed for a while. Then you will need to get a break from it. Then you will come back with some perspective. 

Accept that all of the markets are rigged and the global banking system is insolvent. They have been for a while now. You will keep feeling like you are falling through new rabbit holes (ala Alice, willien1derland) until you swallow this and start to digest some of the combinations and permutations that structure reality now. You have discovered the nature of the matrix and it is all a lie. The truth is that Erin is right because one of the Ponzi masters is telling her how they want it represented. They will do what they can to make it so.

The markets are not free. These big houses need dismantling or we don't stand a chance of setting anything like a free market loose to function again. When you control that much so called capital, you control the world.

Hope that helps.

Wed, 09/08/2010 - 12:06 | 569613 Almost Solvent
Almost Solvent's picture

Slow motion crash.

Have to stop waiting for that morning you wake up and its all over. (unless there is a mushroom cloud)

Someday, far in the future, it will read quickly.

Sorta like reading about the Roman Empire or Dark Ages or Renaissance today.

Wed, 09/08/2010 - 13:20 | 569802 Pinky
Pinky's picture

Slow motion crash, yes.  I started paying attention in 2006, started prepping in 2007, got out of the markets 3 months early to avoid the haircut, got back in at 666 because, well, it seemed like an . . . interesting  . . . number? Glad I did. I'm also really happy I bought gold at $400 and $700.  Today I keep a little bit in the markets for shits and giggles, because face it: Goldman won.   

(Now I'm moving and ugh, too many preps! But toilet paper by the case, totally worth it.)

Anyway, for the privateers out there, the rogue faction plotting to disrupt the Brussels-basedEU-led/green/carbontrade/collectivist/etc. agenda has succeeded, but at great cost. PNAC lives, for better or for worse: Just witness Clinton's recent and oh-so-diplomatic F-U to the CFR. The local economic fallout is horrific and we the plebes are the collateral damage, and it will take years for us to dig out of the rubble, but we will. And when we finally do we'll be tougher and meaner than woodpecker lips, just watch. Meanwhile, pop some popcorn and watch the EU implode, because those elites have to face a contstituency that actually riots! All we do in the US is sport 3 sided hats and wave misspelled signs.

The media's job is to convince us to Keep Calm and Carry On.  If only they could do it without insulting  our intelligence.

Wed, 09/08/2010 - 10:48 | 569404 liberal sodomy
liberal sodomy's picture

The flat chested farm girl allowed to give head to decrepit old cocks at the CFR meetings and have a few left over hors d'ouevres if she does a good job.

 

She's a sad, sick joke.

Wed, 09/08/2010 - 13:20 | 569804 MsCreant
MsCreant's picture

Bawyne,

You sound jealous!

Wed, 09/08/2010 - 10:53 | 569415 pauldia
pauldia's picture

Recall about a year to year and a half ago, NBC News head Steve Capus came down and "talked" to the CNBS manaquins about disparaging Obama economics. Gasparino has discussed this and most pointedly his comments were directed to Santilli. Immelt (CEO of GE) is on the Obama Economic team and GE stands to gain billions via Health Care and the now seemingy dead "Cap & Tax". Now Orszag has spoken out, Romer is gone, maybe Burnett and Liesman can fill their spots.Why not? They will rival Dangerfield's for laughs and Liesman is at least more attractive than Romer!

Wed, 09/08/2010 - 10:52 | 569418 RoRoTrader
RoRoTrader's picture

Who picked the fuck picked that asshole David Gregory of the idiot class for Meet The Press (oxymoron); "30 seconds for the Big question on unemployment".

Really deep question and all of 30 seconds to answer it too.

First time in along time I have watched any part of MTP (oxymoron) and my reaction is still the same.......Fuck. People actually watch this shit?!?????????

Gregory takes the meaning of dumbed down to new heights.

Wed, 09/08/2010 - 11:15 | 569487 Chemba
Chemba's picture

+ 1,000.  David Gregory is an ignorant limousine liberal socialist: perfect for North Korea News' Sunday morning show Meet the Politburo

I used to watch Tim Russert.  He was balanced and well read on both sides of an issue.  When they brought in the Bozo David Gregory I knew it was over.

Wed, 09/08/2010 - 13:12 | 569787 Big Red
Big Red's picture

Sorry, I remember the treatment Russert gave Ron Paul. He was not the upstanding newsman so many seem to remember.

Wed, 09/08/2010 - 14:41 | 570045 NotApplicable
NotApplicable's picture

Russert was nothing but a junk-yard dog. By "balanced" I'm assuming you mean he was an idiot equally in all directions.

Wed, 09/08/2010 - 10:54 | 569425 HEHEHE
HEHEHE's picture

I've heard some whoppers but "fastest job creation in this recovery"... she's flat out nuts!

Wed, 09/08/2010 - 10:55 | 569428 cnbcsucks
cnbcsucks's picture

I have completely given up on CNBC.  The endless spin, propaganda and just plain bullshit have become too much.  It's as though the entire world knows that the US economy sucks except for those drawing a check from NBC Universal.  I would constantly blast them in one email after the next, but I've grown tired of it.  They are all shills for the current administration and they don't have a clue.  Rick Santelli is their only hope, but even his shoulders aren't big enough to carry the rest of the assholes.

Wed, 09/08/2010 - 10:55 | 569430 Trifecta Man
Trifecta Man's picture

Too cute to fail.

Wed, 09/08/2010 - 10:56 | 569431 the grateful un...
the grateful unemployed's picture

she's going to play it the way the director wants her to play it. She's an employee of a corporation for crying out loud, if I tried to put dijon mustard on a McDonalds hot dog I would get fired.

Wed, 09/08/2010 - 10:58 | 569432 -273
-273's picture

The world of TV is all about style over substance. It matters more how you look, how loud you speak and the way you say things than WHAT exactly you are saying.

At least it used to before ZH arrived and started poking holes in the media hologram and showing it for the superficial nonsense it really is.

 

As the quote goes, "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has".

Wed, 09/08/2010 - 15:32 | 570164 Cathartes Aura
Cathartes Aura's picture

do you seriously believe that these comment threads contain "thoughtful"?

or indeed, have any hope in hell of changing "the world"??

can't even change the channel.

Wed, 09/08/2010 - 16:40 | 570395 Hephasteus
Hephasteus's picture

Have you ever had a dog? Ever thrown a tennis ball around them.

Thoughts that leave a person often get chased after. Tis the archilles heal of the communicative monkey.

Wed, 09/08/2010 - 18:30 | 570606 MsCreant
MsCreant's picture

heal/heel. Nice.

Thu, 09/09/2010 - 00:04 | 571034 Cathartes Aura
Cathartes Aura's picture

perhaps you'll believe that is my intent, some tossed balls are smooth, some barbed, I have my moods. . .

of course, I'm more familiar with felines, who respond to a ball throw with a raised eyebrow & a yawn.

Thu, 09/09/2010 - 10:13 | 571697 MsCreant
MsCreant's picture

My cat plays fetch, until he doesn't. It is a trip to watch. He has his ball, a string of bells, other odd objects. He will drop the bells on your chest in the middle of the night trying to get you to play. If I didn't love him, well, lets just say he is lucky he is cute...

Wed, 09/08/2010 - 10:58 | 569438 g3h
g3h's picture

No doubt Burnett's got talent, and much more.  But come on ZH, it does not take Rosenberg to refute comments from media reporters of her level of intellect.

 

Wed, 09/08/2010 - 11:03 | 569458 homersimpson
homersimpson's picture

You're right. They should've gotten Perez Hilton to question her...

Wed, 09/08/2010 - 11:45 | 569555 Johnny Bravo
Johnny Bravo's picture

I bet Perez Hilton has made better calls on the stock market than Rosenberg.

S&P to 450?

Ummm... yeah.  Nuff said.

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