Do you truly believe that the entire staff of CNBC, and ALL its guests are so dishonest as to be in cahoots to bury news
Hello Ted... Just wanted to let you know that I'm not one of those who subscribe to the worldwide corporate conspiracy theories about holding back the news on the part of editorial staff.
But that said, there is little doubt that reporters are human beings who act as the ultimate gatekeepers of what they consider worthy of being reported. If you recall Dan Dorfman's unfortunate situation years ago, where he was either part of, or unwittingly used, by a stock promoter who was claiming he was a objective source.
And there is the alleged story about Sen. Kerry's Vietnam massacre is a case in point since Newsweek reporters apparently uncovered that story 2 years ago and never reported it. However, now all of a sudden it is a story, and Kerry's having to explain why he kept the bronze star he received for that action, despite the fact that no VC were killed, but only civilians (with no obvious ties to the VC).
So we have to ask who felt that this story about Kerry is valid news NOW, but it wasn't then.
So in essence, the self-editing personalities of news reporters themselves, may be the reason that many people sense that someone is attempting to cover up what they perceive as relevant news. These reporters obviously felt it inappropriate to report the story then, but for some reason it's appropriate now...
And the same goes with why no one but the local Tennesee newspapers carried the stories about Al Gore's drug smuggling (through his uncle) and Occidental Petroleum connnections. It was claimed that it was these stories, reported by a former 60minutes producer who handled the USS IOWA explosions, were what lost Al Gore's home state to GW Bush. Yet, this story was NEVER reported nationally, despite the compelling evidence supporting it
As for Stagflation... that's just the latest economic investing fad. I'd be more worried about the fact that we've had 10 years of outstanding economic growth in technology, but almost zero growth in the economic infrastructure required to support it (powerplants, oil/Natural Gas, transmission capacity, and of course, human technical/educational resources).
Frankly, I'm more worried about the world falling into global recession than stagflation, since other economies
are finding themselves catching pneumonia, while we suffer from our economic "cold".
Thanks for doing the great job you do.. And the next time you guys take Squawk Box on the road to the DC area, tag along... I got some great photos of Mark Haines and Larry Kudlow puffing away while off cue I'd love to show you... <VBG>
Hawkmoon |
