Here is one of the best examples of financial reporting that I have seen on TV. As a matter of fact, the interviewees on the street gave far more credible input than the highly paid, so-called "experts" on those MSM outlets.
Greece is about to default on the investors that funded the bonds that replace the first set of investors that they defaulted on just a few months ago. Get it? Every dollar thrown into Greek bonds at par is akin to flushing money down the toilet.
As the media distorts the truth and the facts, I fight back with the Anti RDFun (Reality Distortion Field Ultimate Nullifier). Apple is outgunned in the data space, its maps product is simply the first in a long string of mishaps as it tries to transform from hardware to data, like Google.
Imagine CNBC/Bloomberg TV like this! What the hell did you think would happen when you divert resources into buying mortgage derivatives to save banks instead of supporting job growth??? People buy MORE discretionary items without a job?
My latest thoughts on the banks & from Max Keiser and Stacey Herbert, a question I've pondered many times - Why do the oil-rich sheiks takes such abuse from American bankers?
Here's proof, pulled off of the St. Loius Fed's site, and espoused in front of the actual entrance to the NY Fed. Methinks I should start my own Financial News Station, called "The Truth"!
Liar, Liar, Fed on Fire!!! Why no one else has called this thinly vieled bailout out is truly beyond me. Well, the retail and consumer discretionary sector will feel the heat if everyone believes Bernanke and I end up being right... again!
In continuing my rant on the Apple v. Samsung verdict, I wish to make clear once again that the vast majority of consumers of Google's and Apple's products are absolutely oblivious to the business model of Google, the business practices of Apple and the shadowy aggressive survival tactics of the behemoth that is Microsoft. If I am correct in this assertion then the potential ramifications of Apple actually defeating Samsung in the patent case decided last week is also lost on most.
