This has to be the most embarrassing thing I have ever seen from a CNBC reporter – and we all know we’ve seen a lot of them. In an interview with Tech Ticker today, Maria Bartiromo pretends to be some sort of market expert and opines on the boom bust economy:
“There’s nothing wrong with a boom bust economy. What’s wrong with a boom bust economy? Things are booming and then you get a bust and that opens the door for wealth creation.”
There are so many things wrong with these statements I don’t even know where to begin. First, Bartiromo is a lifelong reporter. She has ZERO market experience. Yeah, I know, she’s been around for a while. But you know what? I’ve watched a helluva a lot of war movies. Does that mean I am ready to pick up a rifle and start lecturing people about the ways of war? No. It’s simply absurd that her employer even allows her to opine on markets.
As for the actual boom/bust comments – it’s insane to say that the boom bust cycle is part of the American way or in any way healthy. As we’ve previously explained, the boom bust cycle is the direct result of severe economic imbalances and Keynesian fiscal and monetary policy that Alan Greenspan has admitted was a failure. We have slowly and methodically gutted the middle class in this country while the largest wealth redistribution in human history has taken place – in large part thanks to the ever increasing wealth of the banks and bankers. And this endless attempt to inject liquidity into a flailing economic model has only made matters worse by further indebting the middle class and further enriching the bankers. The results speak for themselves.
Why does CNBC insist on allowing their market reporters opine on the stock market? This network is slowly destroying itself by constantly allowing their reporters (who are professional reporters and not analysts) interject with their market opinions. With all due respect, no one on the planet cares what Maria Bartiromo thinks about the stock market. In fact, one of the reasons why I have always been a fan of hers is due to the fact that she tends not to opine on the markets and instead asks poignant and excellent questions while also reporting the news.
We all know that 80% of buy side and sell side opinions add little to no value to begin with. The idea that a journalist can add value to a debate as complex as the financial theories behind the business cycle is comedic at best. Comments such as Bartiromo’s above only verify this. This is the primary reason, in my opinion, why they are losing viewers. After 10 years of a sideways market and a financial crisis that nearly destroyed the US economy no one is interested in listening to cheerleading from a bunch of reporters that have never worked at a buy side or sell side firm.
I’m very sorry to rail against anyone in particular (ad hominem attacks are not my style), but this is the sort of propaganda from a very misguided commentator that does nothing to move our economic progress forward.
Money + CNBC = Money Lost
ReplyDeleteNearly destroyed the US economy? Move our economic progress forward?
ReplyDeleteI think even much of these whistle blower economic analysts are losing touch with their analytical whistles.
I'm telling you we entered a black hole and all certainty and information is being distorted. What were once intelligent brains are being burnt out and going haywire. The human program is finished.
I saw a commercial last night on NBC. It was a child spelling some word and then in large print it said, "the internet makes us smarter", or some shit like that. My 9 year old niece and all of her girl scout friends can't name one president of the USA. No, they don't know who Washington was, don't know Obama, not Bush... when I was that age we could name at least 7 or 8. She spends much of her time on the internet on game sites, she watches Disney all the time and of course she goes to a private school which is claimed to be better than any public school. What the hell is that? Generation Z... the internet is going to make them beyond genius!
http://wcbstv.com/local/jobs.employment.queens.2.1657008.html#addComments
ReplyDeletethis is for the idiot who said the elevator jobs were a joke there was no line
also cnbc has been traitors
for years as well as the last 4 presidents and congress senate
are guilty of sedition
they know i know it soon when they want there new world order you all will know it
the bankers should be arrested imediately
this broad maria is a dummy kudlow
her husband divorced her because she gained weight and has a big mouth
i bought gold because she and other idiots were running the country with there stupid remarks free trade jobless recovery green shoots
bs front ad center equals cnbc
What a bunch of useless B.S. Drivel
ReplyDeleteDid anybody pay attention to what the CEO of
Caterpillar had to say today ?
I could have been an actor, but I wound up here....
ReplyDeleteThat about sums it up.
No, what did CAT CEO have to say?
ReplyDeletei did catpiller earnings up sales down
ReplyDeletewe fired 19 thousand and will bring back 9 thousand at 2 dollars an hour
and you must speak manchurian
did i miss more
like digging fresh graves at fema camps for useless eaters creating jobs
A boom bust cycle is pretty much normal. I don't think the reporter was wrong. While it is possible to moderate the boom/bust it is almost impossible to do effectively or fairly. Unless we enter another dark age for 500 years or something we will surely have more boom/bust cycles. And there is indeed a beneficial effect to the "bust" side of the cycle as it tends to weed out the less productive/competitive businesses and allows better businesses and better owners/managers to replace them. It is an economic survival of the fittest.
ReplyDeletealso do you find yourself saying but on tv it says its great we are fine
ReplyDeletebut feel the stress of the bs and have this awkward feeling that things will get really bad soon.
the answer is mind control.
bombard you with bs that even if you know
hitler was killing the jews its ok
until one day you wake up and say o my god
this is bs bs
i wouldnt believe them if th
ey told me the sun is real.
its called mind control
and we know there doing it just prepare
because they kudlow cnbc fox cnn
would sell you there mother for a nickel
the evil is greater than you can imagine
pray theirs a god listening because thats your only hope and there is a god
fdr
Well damn the guy on Coast to Coast (old art bell show) said oil was made by by the earth, smirks!
ReplyDeleteand it will always renew the level , smirks again!
oops was in wrong section, damn, lol oh well reposted in the oil one,
ReplyDeleteplz delete this one and the other one mod
HY these booya clowns and stock pushers never said crap about the big bust before 08, it was all "goldie lock" BS, now the same jerks are still yappin the SOS.
ReplyDeleteOnly thing I hear a bit different from the goldie pimp, aka seed planter, is he at least is callin for uncle ben to raise the fkn rates. Hell back in 08 he was cryin they was too high.
The bond baby's and booya boy stock pushers are happy with uncle ben's BS, they're hopin he keeps this crap up for his so called "extended period", its good for them, while the savers that have anything left are gettin screwed.
Without the Scumbag elite families and their Federal Reserve there simply would be no boom and bust cycles. They create them and know how to profit from them in advance.
ReplyDeleteWow
ReplyDeleteYou really believe Maria is asking her own questions and not reading something given to her hours earlier? Really?
As mentioned numerous times in the past in this blog, the TV anchors, financial babes etc are ACTORS, with $4000 outfits and $500 haircuts. They are there to fool the sheeple, no matter if its CNBC, CNN, FAUX or your local tv news, ALL ACTORS.
ReplyDeleteThe stupid moron sheeple believe anything their tv's tell them. The sheeple have no clue.
Now go back to watching your tv and SHUT UP!
QUOTE: "As we’ve previously explained, the boom bust cycle is the direct result of severe economic imbalances and Keynesian fiscal and monetary policy that Alan Greenspan has admitted was a failure."
ReplyDeleteGreenspan is a Keynesian economist? Could've fooled me )))) I think "Monetarist" with a hand on Milton Friedman's ass and his head up Ayn Rand's skirt would be more like it. But nice try.