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On The Prevalence Of Group Think in The Mainstream Financial Media
Today what we’ve come to know as “main stream financial media” has provided nothing more than a vehicle for the exponential rise of group-think. All at the suffering of critical thought. So much so this phenom is clearly visible when watching, listening, or reading many of today’s financial “reporters” as compared to how, or what, was reported, analyzed, and discussed just a few years ago.
In what seems like the blink of an eye most anything to do with financial insight whether it be the reporting of, as well as investigative analysis; has morphed into some version of a stylized regurgitation of Central banking dogma. (this also includes many of the so-called “experts” brought on to fortify the sermons)
I would like to say “as many of you have observed” however, by the look of the ratings for the these once “darlings” of Wall Street (i.e., such as CNBC™ and others) It’s clear – you’re not watching or reading either. And with good reason.
It would appear I’m one of the few remaining masochists willing to (endure) try and still find a pearl of wisdom. Somewhere! But alas, all I seem to get is more of the same trite rolled into a political view, backed, and washed down with some form of globalist propaganda that any intelligent person can lay waste too if – the interviewer would just stop talking over (or shouting) for one second and answer a simple rebuttal to their own words. Honestly.
We now have this weeks version for all to see (again, that is, if you’re one of the few still watching or reading) in no other venue than what at one time was unquestionably considered a “serious source for all business.” Bloomberg™.
Today that view has been falling steadily and quite possibly will fall even further (as well as faster) if the type of columns, views, and insights continue down the same path as the most recent article titled “Why Falling Prices Are Actually a Real Bad Thing” penned by Shobhana Chandra.
In this article the writer tries to make the argument on why falling prices are like the title states “a real bad thing.” But the true underlying financial premise and the reasoning’s why are more in-tune with central planning hypothetical dogma recited within some board or classroom; then haplessly applied to vagaries of financial theory. Rather, than a true understanding of how pricing works in the real world.
Listen, I understand how one might think “Well who are you to criticize? Where’s your financial sheepskin? Maybe you should concentrate more on your own grammar and punctuation skills before criticizing.” Yeah, yeah, I get that. (as if that really mattered) However, I know my skill level. I also work continuously to improve. I know where I’m lacking. But, (and it’s a very big but) where I’m not lacking is my understanding of the topic or points that need to be addressed. And what I don’t know I’m happy to say “Sorry, I don’t know.” Yet unlike otherswho not only won’t admit that. I will also take the next step as to go find out and learn! This seems clinically (and critically) absent in today’s financial press.
Look: sure, I don’t have a degree. Heck, I didn’t even finish high school. (only a G.E.D.) Yet, I did graduate from the most revered school on the planet: The school of hard knocks.
What we’re seeing today are people with Ivy League degrees coming out of grad school saddled with burdensome debt, flocking to the financial centers of media knowing nothing more than a world or economy propped up by Keynesian based policies now commenting and arguing why “everything is awesome!” Anyone with half a brain willing to say “Well hold on…” is immediately scorned, shrugged off, and quite possibly branded and slated to appear before the inquisitor committee of the Central Banking church of Keynes.
Today financial media is more concerned with perfectly lit coiffed hair and leg shots for television, or click bait inspired headlines free of typos or grammatical errors for print. However, the understanding of a topic? Is absolutely abysmal. And it’s getting worse.
Rather than take my impression let me offer up someone else’s opinion that I believe has the actual gravitas to explain and point out the obvious. Former Director of the OMB – David A. Stockman.
In Stockman’s latest article he points out in detail most, if not all, of what’s wrong with financial media reporting today. It’s well worth the read and articulated far better than I could. Yet, this is far from the first in this steady decline of financial acumen exposed in the media as of late. There have been many however, like I said, the frequency in which they’re appearing is gaining.
Another example of the growing misunderstandings and financial acumen becoming more, and more blatant I personally wrote about back in September of last year when host Jackie DeAngelis on CNBC unabashedly posed a rhetorical ambush styled question/statement to Wall Street veteran Bill Fleckenstein.
In a condescending snark laced tone the seemingly sister in arms inquisitor asked, “At what point are you willing to concede that you’ve misunderstood monetary policy?” This is what the financial reporting media seems to have now morphed into. And like I said it’s getting worse – not better.
Unless you tout the line of what is infused and enabled by current monetary policy, with all its shenanigans, monetizing of debt, stick save comments by voting or non-voting members any time the markets retrace less than a rounding error: You’re the one considered uninformed or uneducated. It’s down right pathetic in my book.
Think you know about debt? “You know nothing!” as was explained in this diatribe by another CNBC veteran Steve Liesman reported via ZeroHedge™ back in June of 2014. If you’re left shaking your head take heart in the fact; you’re in good company with all the others that have done the same over these last few years – never to return.
We now have guests appearing across the spectrum touting their prowess for investing in the markets as if there’s anything more to it then knowing what a Central Banker will or won’t do in the coming days, weeks, or months.
Once again for example we leaped close to 80 points in the S&P 500™ from a stick save last Thursday as the index remained below the now “everything’s awesome” level (i.e. 2000) when once again Fed. official James Bullard was reported to comment, that the Fed. “could resume unconventional policy.” That comment backed with expectations that ECB President Mario Draghi would unleash his monetary bazooka pushed the markets once again towards the upper levels “never before seen in human history” highs.
This was indeed needed since another Central Bank e.g. The SNB just laid waste to billions of dollars in carry trades and more when it “unconventionally” unilaterally pulled the plug on the peg with the Euro. This is what “investing” has now become. Someone please tell me what “prowess” dictates expertise here other than knowing what a Central Banker will or won’t do? Along with being in the index of choice dictated by that bank as “the one to watch.”
With recent books touting all one needs to do is “think like a billionaire” as if that’s how one is going to navigate the current turmoil raising its head within the currency markets. I would suggest that you think again. And think hard.
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Fuck you LIESman.
FFS people, it's not "group think" it's bona fide downright unabashed unequivocal Propaganda. With a few doses of subtle Perceptions Management thrown in for shits and giggles.
all I see is Pm being smacked down since early morning. I am guessing the cocksucking manipulators are back from vacation and nothing ever gone change so who cares about the bankers walls treen or the politicians the slave labor will allwAys be screwed. as it has allways been and allwAys will be
Massmedia, Propaganda, and Religion: A byproduct of gullibleness and foolishness
Example:
In 1915, the British government asked Viscount Bryce, one of the best-known contemporary historians, to head the Committee on Alleged German Outrages which was to investigate the allegations of atrocities.
The report purported to prove many of the claims, and was widely published in the United States, where it contributed to convince the American public to enter the war.
Few at the time criticised the accuracy of the report. After the war, historians who sought to examine the documentation for the report were told that the files had mysteriously disappeared.
Surviving correspondence between the members of the committee revealed they actually had severe doubts about the credibility of the tales they investigated.
Who could have helped spread these lies to Americans in 1915?
American intellectuals, because these are the people who are most gullible and most likely to believe propaganda.
And you expect what from an even more moral corrupted Financial Media?
http://en.wikipedia.org/wiki/Atrocity_propaganda#World_War_I
It's pretty simple, really. They aren't very bright and they want to go to all of the "cool" parties.
"Yea, Yellen!!!"
"Yea Dear Leader Obama!!!"
"Yea National Socialist German Workers' Party!!!"
"Boo, people who don't depend on the government to take from others to give to them!!!"
Dispute one of these and you're OUT.
Are the fucking bankers and financiers commiting suicide? No? fuck off then!
(and why would they as they can still access money for NOTHING, via ZIRP)
fuck this stupid overthought commentary. msm financial 'media' is nothing other than casino advertising. they don't ever tell you to stay out of the casino because they get paid to tell you to visit !.
MSM financial is for bagholders - they publisher the crap that insiders want so they can exit/enter a market with more ease.
The bagholders believe what they read and get in on the wrong side and the rest is history.
I can remember when the WSJ and Barrons used to hire people from industry, or trade journals, who had spent 15 or 20 years figuring out how one little corner of the world actually worked. A degree in Journalism or Communications tells you someone is PC and has no experience in anything useful.
What I wonder is if the paid mouthpieces on these 'shows' actually believe what they are saying or if they actually know how fucked it all is and they are just lying thru their teeth in order to get a nice paycheck as a 'reporter', because that is all they know how to do to make a living.
It may not be the infobabes and the mouthpieces. They may be playing to a different demographic than ZH.
I work with a lot of pensioners. They expect the system to remain intact.
Really? How about the prevalence of group think Everywhere. Stupid.
Rah rah, sis boom
We don't report no doom and gloom
We've been programmed to cheer
That there is no fear
Of the markets going down this year
It sounds like that charachter from the matrix that was longing for steak, for things to be the way they used to be, even if it was never real.
Repeat after me, step away from the tv...
You are all right.
The purpose is to create a stampede.
Starts with the "monkey grinder" to create a "bandwagon effect" and should actual facts back up the outrageous claims "bring out the blow horns!"
Once the herd gets moving just get out of the way...
Who advertises on Lame Stream Fin TV?
Do these entities make less money if the market goes down?
Do you now know why there are only shills on Fin TV?
Yes. Thanks Mr Gruber.
Clowns on Acid: Who advertises on Lame Stream Fin TV?
Just a guess. Short Blue Bus Riding Helmet Wearing Window Lickerz? Perhaps a better question to ask is "who watches Lame Stream Fin TV?"
thats an easy question ... not many people.
CONPERSONS in control keep real price histories OUT OF SIGHT to sucker the people.
http://www.showrealhist.com/RHandRD.html
Want to break their backs? Never ever watch them.
MSM = showbizz.
MSM Nooz = Slapstick.
I've got to be honest, I just watch hoping that someday Trish Regan will get naked.
Look: sure, I don’t have a degree. Heck, I didn’t even finish high school. (only a G.E.D.) Yet, I did graduate from the most revered school on the planet: The school of hard knocks.
BRAVO!!! IMHO some of the smartest people out there fall into this category and unfortunately don't get any respect, or credit for their insights. Typically this is because they can't show a piece of paper stating they went through the matrix's indoctrination system called "higher education". It gets even worse when it comes to prospective employment as those without their pedigree/diploma can't even get their foot in the door for an initial job interview, no matter what they might bring to the table in experience and smarts in the first place.
It's all part of the "narrative". There is financial that you outlined, political (barry has it all under control and is supercool), Hollywood (women and men are the same eg both would be same type of cop) and education (courses on gay/black/female/muslim etc etc are special). No Country for Old Men.
Heard it in the bathroom stall, written on the subway walls.:
The answer to mr nuttyahoo is, NO! Don't bother getting on the plane to come to the USA. YOU ARE NOT WANTED HERE and the answer is, NO!
No moar waors for your master tribal slavers the rottenchids. No moar American blood and treasure for the profits of your evil master slavers any moar! NO to the National Zionist(NaZi) supremacy world domination agendas, because everybody knows that the horrid slimy banksters create all sides, isims and ists, to pit against each other for profits, stupid agendas, and sacrifice to the money-god. Ask, who is YOUR Master?
An NO nuttywalnut, you CAN NOT create, propagate, and fully sponsor any moar false flag events to blame something on the folks your masters want the Americans to go to woar with, either. It is not going to work like that any moar because EVERYBODY KNOWS who is responsible for whipping up you purposely created to be attack dog murderers of women and children to instigate and shit-stir the babylonic world of the money-god. Break your chains oh Israel, and stop being the set up pin to fall first for the banksters that hate you all moar than any civilization on the planet does. Just say the word.
NO! Take that message back to your slave master and tell him NO, the American people will not commit any moar troops OR TAX PAYERS MONEY to woar in the Ukraine, Iraq, Iran, or where ever else. We quit!! NO moar financing endless bankster woars for their money-god!!
NO to your plan to tell them you are going to bomb Iran for some deceptively contrived reason. This whole shitshow has become as phony-baloney as stupidity can be in the highest degree. The bounds of idiotic farked up false flag events like charlie switch-n-bait, boston pussout, and sandy hoax are just too much for the world to handle. The out right stupidity in woarmongering for profits, death, and destruction for the gains of a few are just that. Stupid!
NO MOAR mr nuttyasshole!! America is NOT your lapdog and the people all KNOW you are a flunky for the evil satanic bankster world domination freaks and coo-coo-zoids that seem to want to kill off the worlds populations using so very many slow-kill methodologies. Go back to the slave tribe master of the money-god and just say, NO!
NO moar isrealli false flag events or attacks in the coming spring. Period!
NO, you can not attack Iran!!! NO, NO, NO and what part of NO do you not understand?
PLEASE DO NOT COME TO AMERICA TO SPEAK TO THE TRAITOROUS PACK OF FLIPPER FLAPPIN SEALS. Ort, ort, ort ort! NO MOAS!! They DO NOT represent the real Heart of America, and the stench of dead rotten to the bone fish mixed with old nasty pork butt is thick as a brick there already.
Chuck you, Farlie!
https://desertpeace.wordpress.com/2015/01/26/bibis-false-flags-at-half-m...
Good thing for ZH I suppose. I haven't really followed before last couple years, but I saw through the news' crap a long time ago, without even really reading about anything. For the morning news to be so focused on some celebrity 'anything' makes me want to fucking puke.
So we can enjoy these articles / posts for a while. Well, at least until the recent 'insanity' definition about not following orders (reported here last week), suddenly becomes law (to protect our children), and free thinking websites start getting shut down (search Chris Sandau). I fear as more and more people start unplugging from the matrix, it will fight back.