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Pastimes : CNBC -- critique.
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To: Ted David who wrote (7765)5/1/2001 6:31:40 PM
From: At_The_Ask  Read Replies (1) of 17683
 
We routinely ask our guests about stagflation and they say there is none. I have asked guests about gold.. recently. I spoke to Bill O'Neill at Merrill, and Phil Gotthelf at Equidex. Neither thinks gold has much if any upside.
That is not OUR opinion. The opinions come from experts.

Ted the only problem with asking these guys is that if they are short gold (which most all of the financial houses and commodoty trading firms are), of course they're going to bash it. They are not going to say anything positive to you personally or on the air because it could cause them to lose money. You should find out about the gold carry trade. You can lease gold for 1 or 2 percent interest from the central banks, sell it, and then put the proceeds into higher yielding instruments. Its a money machine for the big houses and speculators. They would love to see gold go to $1 an oz. Could I suggest that you preinterview these people and find one bull and one bear to at least give a fair presentation of the facts. This might improve CNBC's coverage of not just gold but any issue that you cover. Imagine if you had put David Tice on opposite Abby Jo last year when the tech bubble was inflating. It could have prevented the devastating losses that many average people have suffered.

By the way I think that its very cool of you to show up here and see what people think. I'm sure it can be painful at times.
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