To give your answer any credibility at all, Cnbc would have to stop pressuring guest analysts who have a realistic view about stock valuations vs. "real earnings" (not that one-time write off crap that IBM pushes to the balance sheet) and start asking what they're selling, not buying. Money can be made in a down market,as well as up, as you well know. The media plays an important part in shaping consumer confidence and your station is creating the greatest share of damage by perpetuating the disconnect myth between reality and dreams. Is it not enough that 5 TRILLION was erased in nine short months from the gullible public's 401k
plans, or is it GE's intention to create the next great depression by not acting responsibly in "reporting" the news instead of spinning it into the most favorable light it can project. Other than the initial deflator number announced during last Friday's morning report, it received practically "zero" mention the rest of the day. Was this an oversight, hardly? The poster's objection was right on.
What were you watching all day?
It is the continuing manipulation of the news by this and other stations to hide the truth from an ever increasing
distrusting public that will eventually cause a long, drawnout recession. Are the markets going higher? Only if easy Al keeps the printing press on full throttle. Got inflation, you betcha! Got mandate, no way. Cnbc could care less about future generations and is apparently the fed's code as well as GE'S.
BTW, the fed can't control energy and consumers will rather
heat/cool their house and drive their gas-guzzling SUV's
than take their hard earned cash to keep this casino afloat.
Later, |
