This page has been archived and commenting is disabled.
Schiff Vs. Insana; Matter Vs. Anti-Matter
Perhaps no better example of the two camps of perspectives on the market's performance and the Fed's expectations was on display this afternoon on CNBC. In the 'we need some destructive asset clearing in order to get back to any sort of growth trajectory and the Fed is feeding an inflationary monster with its band-aid upon band-aid money-printing' camp is Peter Schiff; while the other side of the investing octagon is Ron Insana who sees a '100% rise in stocks as evidence of something and that the Fed must do something, anything in order that we avoid the reality under the surface of a deleveraging deflationary world economy'. We are not sure of the winner as the shouting became too much to bear - but nevertheless the vociferous nature of the two combatants (each proclaiming their #winning-ness) shows the bifurcated world in which we live.
»
- 27318 reads
- Printer-friendly version
- Send to friend
- advertisements -
Obama COULD HAVE done something. Not only that, he could have become infinitely popular with virtually all grass-root democrats AND rather popular with a lot of independents and even republicans.
How?
Simple. He could have thrown 50,000 or so scumbags in the various financial industries into jail for the crimes they did commit to create the catastrophe. That would have been ENORMOUSLY POPULAR and the right thing to do.
Yes, he would indeed have jailed many of his major contributors. However, that would have given him an absolutely enormous boost in popularity as regular folks see him NOT protecting his donors. Plus, there is no shortage of donor replacements, and he would have boosted his reputation into outer space.
Instead, he kept up the track record that every president since Eisenhower or Kennedy is necessarily [vastly] worse than the one before.
CNBC, like the vast majority of networks, is 5% substance and 95% entertainment. Like Bloomberg, they now pander to the socialists while they pump and primp the markets with useless jibber-jabber. Just like in Washington, there is no truth or leaders with balls enough to go against the mainstream gooblygook and horsepoop we are fed daily by the media.
funny....ron insana is paid to present a position. cnbc has him play the role supporting the fed. i dont believe for a minute that he believes what he says about the situation. if you gave me $200k a year to do two ten minutes segments a week about how the fed is doing a good job...fuck yes i would take the money.
all this fighting is the reason they have ron doing this ...it is a distraction. if you want to be pissed...be pissed at the puppet-masters.
Don't waste my time on shit like this.
Insana went to my HS alma mater, Chaminade in Calif... guess they didn't do a very good job on him... he is a sellout and a stench in the nostrils of honest men... but then again, he is taking orders from the stench channel bosses... still, no excuse, off with his hair!
4:35, Schiff: Currency is not money. BINGO! SOOO many people do NOT understand this.
David Kotok: "They don't know what to do....and they don't want to admit it"
http://video.cnbc.com/gallery/?video=3000114117
While I usually agree with Schiff on the majority of his generalized macro calls, I must warn anyone who is considering using his europac brokerage firm. They rip you off royally for brokerage. It will cost you 2-4 % to buy and sell the foreign dividend stocks they recomend. This is highly different then something like interactive brokers or another discount broker where the fee will be like .2%. In addition, they seem to recommend portfolios of illiquid,small, and risky stocks to their clients. Not that buying small energy or mining companies is bad, it just shouldn't take up your entire portfolio. Anyway, all of the reviews I have seen online are bad and the only reason I am ranting is because my dad made a recent purchase for a large sum with them. I warned him against it and he just surprised me with the news yesterday. I asked him about the fees and he didn't even know what they were. He also was recomended and purchased 15 stocks without any basis for buying them. I asked them if they provided him with cashflow ratios, ballance sheet ratios, general company overview, and he told me all they gave him was the dividend yield!!!!! Now that my dad is officially in the casino (at the highs), I am worried that he will wake up 5-12 months from now with these risky dividend stocks down 30% (or more) + another 5% in brokerage fees just to get out of them. I also have to wonder what type of prices he got filled on the stocks he purchased. Probably bought the market makers offer in every illiquid offering! I am ranting....but yeah schiff is just another conman out there looking to screw over retail investors. God I hate these people. I didn't realize how bad it hurts when wallstreet personally screws over your own family like this. It freaking sucks. I would morally feel wrong charging the type of abbsurd rates schiff does for crappy advice.
The concept of paying for 'branding' is new to you?
Why Nikes cost $150 and the no-name Walmart sneakers made on the next line are $25?
Investing requires due diligence.
Gambling with prayer, not so much.
I'm going long seashells now.
The stock market is the economy and my ass is the moon.
I didn't vote for Bernanke. Arrest that deviate NWO financial terrorist bankster M'fer. Send him to the Hague with Bush and Cheney.
CNBC should stick to apple infomercial.
CNBC should stick to apple infomercial.
Wow! Four douchebags, one screen.
Oh look, a new iGadget...
SEASHELLZ BITCHEZ!!
Slave girls were currency in Ireland alongside cows. Either way your getting laid. :D
The Irish are equally casual about their cuisine, as well.
Salt and pepper are radical culinary concepts on the Emerald Isle.