Paul,
Gone for a couple of days so this is a slow response to your concerns on Asia and CNBC's guest's sophistication.
If any analyst ever gets it right during a crisis, it will be a first.
How is our balance of trade going to look now that some of our biggest trading partners (virtually all except Europe) are undergoing devaluations? It's already a disaster.
CNBC is rapidly becoming the CEO network, run by a bunch of Gen.Xers.
Gone is Cavuto, Blumberg, Murphy, Gibbs. Replaced by Bartiromo, Faber, Kernan, and lots of youngsters who look great and analyze laughably.
To quote the sweet and lovely Maria. "20+ P/E's aren't really expensive.....well they aren't, are they?"
They used to have lots of letter writers who at least were capable of original (if not always correct) thought.
Today it's one CEO after another who say things only of interest to a limited constituency IMHO.
The only interruptions are to bring on security and MF industry flacks. Who surprise surprise, share mostly the same views. Strong economy, inevitable inflation, no end to the new paradigm.
Oh well, at least I have less to watch nowadays.
Dwight |
