How Jane Wells Popped Steve Liesman's (And The Entire Power Lunch Pom Pom Brigade's) Propaganda Bubble

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Thu, 04/08/2010 - 17:23 | 291846 hedgeless_horseman
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Fewer Americans are less confident in the fact that Steve Liesman has not stopped refraining from avoidance of fucking dogs.  Isn't that not less correct, Steve?  A simple yes or no will suffice.

PS:  For some reason, dickhead, that pink shirt looks like a foreskin on you, and your double chin looks like a cock ring.

Now, leave Jane alone before I taunt you a second time.

Thu, 04/08/2010 - 18:57 | 292261 dnarby
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lmao +1

Thu, 04/08/2010 - 14:45 | 291849 Stuart
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Perhaps if there were more Jane Wells on CNBS, I'd find a few seconds a day to watch.  They are to true business journalism what cartoons are to true serious drama TV.

Thu, 04/08/2010 - 17:27 | 292139 fuggetaboutit
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the truly shockingly stupid part about all this is that everyone focuses on the what and not the why

this moronic fascination with "upside surprise" to these numbers or even acutely more idiotic, celebrating the notion that some sort of retail spending record has been set

are people this dumb? does it make ANY sense that spending levels would be anywhere near a record? does it make ANY sense that the retail index is basically back to its all time high?


Foreclosures all time high, mortgage delinquencies all time high, U6 at 50 year high, wages declining, we just came off the first cycle in US history (2003 through 2008) in which more jobs were destroyed in the downturn than created in the upturn -- and with all those facts, what is the counterargument? that "oh well even though all that bad crap is happening I dunno people appear to be spending money so I suppose somehow its all been fixed"

people do not have this money to spend, and a giant chunk of the "increase" in spending is inflation (yes, i know, i know, theres no inflation) - the price of gas is up 100% from its lows and is up 50% from a year ago, so outside of one of the most important costs americans incur everyday, there probably isnt any inflation - people are blowing through savings and they are blowing through retirement spending and what happens what thats done?

scenario 1: people are really as wealthy and employed as they were in 2006 and 2007 and that is why the retail index back at its high makes sense

scenario 2: the market that completely missed the dot com bubble, the housing bubble and the credit bubble is maybe not totally thinking through the implications of people blowing through what little savings they have either for necessity or out of sheer stupidity

probably scenario 1

Thu, 04/08/2010 - 18:47 | 292239 seventree
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As was pointed out elsewhere on this site, some spending money has been freed up by voluntary default on mortgage and credit card payments. If so this is not part of any blueprint for recovery. More like economic autophagy.

Mon, 08/23/2010 - 15:39 | 538352 hbjork1
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Thu, 04/08/2010 - 14:43 | 291852 carbonmutant
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I need to take a shower...

Thu, 04/08/2010 - 14:56 | 291872 Cognitive Dissonance
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With Jane Wells and her bad news?

Thu, 04/08/2010 - 14:58 | 291878 CBTeas
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I seem to recall that this shower didn't end well

Thu, 04/08/2010 - 15:23 | 291928 Cognitive Dissonance
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That's just the victim mentality talking. If I remember correctly, for one person, it was very rewarding and extremely satisfying. He must have been watching CNBC.

Thu, 04/08/2010 - 16:00 | 292006 CBTeas
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I guess I am a "glass half-empty" guy.  No work at CNBC for me.

Thu, 04/08/2010 - 20:44 | 292390 Nihilarian
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Liesman's facial expression at 2:35 in the clip above is the same as this dude's expression ( at 0:08.

Thu, 04/08/2010 - 20:52 | 292399 Cognitive Dissonance
Cognitive Dissonance's picture

Uh, that video is a bit disturbing. Was that a "public service" message or just a bad joke?

Thu, 04/08/2010 - 23:13 | 292569 Nihilarian
Nihilarian's picture

I think the video is real. I too was disturbed -- how dare she spill the coffee! You know how much those pants cost? Ah, crap, Robert Rubin's thought process rubbed off on me.

Thu, 04/08/2010 - 20:50 | 292395 Nihilarian
Nihilarian's picture

BTW, the glass is neither half-empty nor half-full; it's twice as large as it needs to be. How's that for a weltanschauung?

Thu, 04/08/2010 - 15:06 | 291901 carbonmutant
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LOL! Psychos indeed.

Thu, 04/08/2010 - 14:49 | 291862 buzzsaw99
buzzsaw99's picture

me buzzsaw, you jane.

Thu, 04/08/2010 - 14:49 | 291863 Mongo
Mongo's picture

Yeah sure, pick 1000 people and ask them what they think.


Seriously, is this what news has become. Where is the drill down in this?


Somebody been drilling in their heads! Just mashed potatis inside there..

Thu, 04/08/2010 - 15:18 | 291933 43 Steelie
43 Steelie's picture

Was thinking the exact same thing.


How does shit like this move markets? 


God Steve Liesman is such a douche. 

Thu, 04/08/2010 - 17:27 | 292140 Miss Expectations
Miss Expectations's picture

When I was involved in market research 10 years ago a national, random sample had to be at least 3,400.  These market research results based on small, non-random samples are ALL suspect.

Thu, 04/08/2010 - 18:56 | 292259 Crime of the Century
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The more pessimistic you are, the more likely to slam the phone down on an effing survey.

Thu, 04/08/2010 - 19:32 | 292317 Miss Expectations
Miss Expectations's picture

I also wonder how much the "do not call" list has skewed phone surveys.

Thu, 04/08/2010 - 22:05 | 292484 Gold...Bitches
Gold...Bitches's picture

Seriously, is this what news has become.

Yes, it has.

Thu, 04/08/2010 - 14:49 | 291864 Overpowered By Funk
Overpowered By Funk's picture

Jane, you ignorant slut...

Thu, 04/08/2010 - 15:01 | 291888 Get_to_the_choppa
Get_to_the_choppa's picture

Damn you, I just logged in to post that gem.

Thu, 04/08/2010 - 14:52 | 291866 Cleanclog
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Great line:  "It's like Jane just got to the party and announced the police are outside"!

Thu, 04/08/2010 - 14:53 | 291869 carbonmutant
carbonmutant's picture

"...thematic content of CNBC programming"


Thu, 04/08/2010 - 14:56 | 291874 truont
truont's picture

Jane, that is what you get for reporting and interviewing.

You get heckled by the CNBC Muppets.

Hope you enjoy spending time in the CNBC mail room....


Thu, 04/08/2010 - 14:56 | 291875 CBTeas
CBTeas's picture

Michelle was "shocked" that an early Easter impacted March retail comps.  She is a fool, but I think that is a requirement to be an anchor on CNBC.  It is funny how retailers are quick to blame bad weather for weak monthly #s, but not one retailer credited the better #s due to the early Easter.  It took hours of homework by a few smart analysts to get the "bad news" to surface.


So when April's retail #s are punk, and you average Mar/April for 2009 and 2010 and see that there was no "historic pop" in 2010, what will the cheerleaders at CNBC do?  My guess is they will have even more women anchors. 

Thu, 04/08/2010 - 15:10 | 291912 Hugh Janus
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if next month's numbers are bad, they'll simply ignore them, or say they were good.  just look at what they're saying about the last NFP number; missed the estimate by more than 40k jobs but they talk about it like it was a blowout.  no matter the facts, people simply want to be told everything is getting better.

Thu, 04/08/2010 - 22:04 | 292481 Gold...Bitches
Gold...Bitches's picture

ugh, shes coming to Seattle and headlining some cnbc investor conference.  Pay money to hear her speak?  You got to be kidding me.  

Thu, 04/08/2010 - 14:57 | 291877 Cyan Lite
Cyan Lite's picture

I'm guessing Jane Wells is going to now take a sabbattical to "spend more time with the family" or undergo some unspecific medical procedure that will require a lengthy rehabilitation?

Thu, 04/08/2010 - 15:00 | 291884 CBTeas
CBTeas's picture

I remember Jane Wells when she was a reporter for Court TV.  She made her "name" covering the OJ trial.  


After today, she may be back to the Court TV beat...or Jane has to drink the CNBC anchor Kool-Aid.

Thu, 04/08/2010 - 18:19 | 292195 Forbes
Forbes's picture

Hasn't Court TV changed their name to Tru TV...

I can't decide if that's irony or parody...

Thu, 04/08/2010 - 18:59 | 292264 Crime of the Century
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Court Dat! just wasn't working out as a catch phrase...

Thu, 04/08/2010 - 18:56 | 292258 seventree
seventree's picture

unspecific medical procedure that will require a lengthy rehabilitation


Thu, 04/08/2010 - 14:58 | 291879 Dixie Normous
Dixie Normous's picture

Laughing at CNBS and their variety shows never gets old.

Thu, 04/08/2010 - 15:01 | 291887 Zexe
Zexe's picture

what is your problem with CNBC? yes, they are making propaganda, but then so is everybody else. it's a battle,and whoever is the smartest wins. so far CNBC WON. Zerohedge LOST.

CNBC and the FED are simply stronger than all of their opponents. I think we should give this one to them.

Thu, 04/08/2010 - 15:21 | 291937 43 Steelie
43 Steelie's picture

Someone should plot CNBC viewership growth vs. ZH traffic growth over the last year to show Zexe here who really "won"

I think you'd see a pretty solid divergence.


Thu, 04/08/2010 - 15:37 | 291966 luster
luster's picture

ZeroHedge +60% over the last 3 months.

Thu, 04/08/2010 - 16:11 | 292029 BorisTheBlade
Thu, 04/08/2010 - 18:01 | 292182 Cistercian
Cistercian's picture

 Troll, Epic.

 Thanks for the laugh!

Thu, 04/08/2010 - 22:10 | 292492 Miles Kendig
Miles Kendig's picture

Let me direct this lost person folks.  Zexe, here ya go.

Fri, 04/09/2010 - 14:06 | 293535 Hephasteus
Hephasteus's picture

Doesn't this happen right after the "austerity" measures.

Now what is exactly smart about this whole process?

Thu, 04/08/2010 - 15:03 | 291890 AnonymousMonetarist
AnonymousMonetarist's picture

The Nancy Capitalists are pushing the tempo with utter disregard to the truth that history rhymes...


Thu, 04/08/2010 - 15:09 | 291904 Cognitive Dissonance
Cognitive Dissonance's picture

Now that AM is back from "vacation with the wife" we can fire up the bilge pumps and get the Titanic back on course.

Welcome back AM. We missed you.

Thu, 04/08/2010 - 16:17 | 292041 AnonymousMonetarist
AnonymousMonetarist's picture

Thanks for the kind words CD.

Thu, 04/08/2010 - 15:05 | 291896 economicmorphine
economicmorphine's picture

Why are Bozo and his friends on TV?  Why do people watch?   Is there something I'm missing?  Every time I look at one of these posts, it merely reinforces that I was right to dump cable years ago.

Thu, 04/08/2010 - 15:06 | 291899 Traianus Augustus
Traianus Augustus's picture

Sounds to me like Jane will be joining Rick and Diana in CNBS detention later today!!!

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