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Old 08-15-2008, 12:31 PM
 
146 posts, read 598,643 times
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I like to watch all those financial shows on CNBC and the other News Channels. The media loves experts and even though many of the experts are wrong most of the time, they are kept on and invited on the same shows again and again because they must have some television presence.

I am sure the TV talking heads are know that the guest is really not that knowledgeable but they are treated like Gods and the media will not call the experts to task for their bad predictions. What is it about our media and financial experts?
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Old 08-15-2008, 12:53 PM
 
Location: Raleigh, NC
9,043 posts, read 12,027,136 times
Reputation: 1395
Quote:
Originally Posted by Oregon Transplant View Post
I like to watch all those financial shows on CNBC and the other News Channels. The media loves experts and even though many of the experts are wrong most of the time, they are kept on and invited on the same shows again and again because they must have some television presence.

I am sure the TV talking heads are know that the guest is really not that knowledgeable but they are treated like Gods and the media will not call the experts to task for their bad predictions. What is it about our media and financial experts?
Peter Schiff was essentially banned from CNBC because Kudlow didn't like him. Now that his theories are temporarily being challenged from a stronger dollar and weaker gold/oil, me thinks that Kudlow might start to let him back on for a good laugh. Of course, after the dead cat bounce is exposed, Peter's mic will be cut off again
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Old 08-15-2008, 02:12 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,944,968 times
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Most are dopes that follow trends and are usually a day late and a dollar short with there predictions.

I do personally like View's from the peak's guy peter schiff. Also like Nouriel Roubini, Jim Rogers, and Allen Meltzer. But that just my picks, others may have choose some other people.
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Old 08-15-2008, 02:20 PM
 
Location: Heartland Florida
9,324 posts, read 24,719,033 times
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They either have something to gain from manipulating the market or are clueless idiots. That's my opinion anyway.
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Old 08-15-2008, 02:39 PM
 
Location: Wouldn't you like to know?
9,114 posts, read 16,237,663 times
Reputation: 3705
Its all a ratings game.

CNBC would go out of business if all they talked about were low cost index funds (which are probably one of your best investments to make)
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Old 08-15-2008, 03:59 PM
 
Location: Backwoods of Maine
7,316 posts, read 9,015,849 times
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Quote:
Originally Posted by tallrick View Post
They either have something to gain from manipulating the market or are clueless idiots. That's my opinion anyway.
And I share your opinion on that!

Amazing, though...how many people, especially the older folks, are glued to their TVs every day listening to this stuff as if it were gospel. Even if you believe in 'all stocks all the time', you have to see through this nonsense.

You'd think the crummy track record, at least, would turn people off. Nope!
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Old 08-15-2008, 05:30 PM
 
Location: home state of Myrtle Beach!
6,419 posts, read 20,309,431 times
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I treat them the same as the messages ending up in my spam folder!
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Old 08-15-2008, 05:31 PM
 
16,092 posts, read 37,960,879 times
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Is Jim Rogers on a show regularly? He used to be on one of the Fox Saturday morning shows.
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Old 08-15-2008, 07:22 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,944,968 times
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Quote:
Originally Posted by Lakewooder View Post
Is Jim Rogers on a show regularly? He used to be on one of the Fox Saturday morning shows.
I've seen him a lot of Maria Bartiromo's Wall Street Journal Report. I do admit I don't hear him as much on bloomberg anymore.
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Old 08-15-2008, 09:49 PM
 
Location: San Diego California
6,797 posts, read 6,638,668 times
Reputation: 5180
Gee, why do you think they are wrong most of the time? It is because they are lying to you. EVERYTHING they have said is a premeditated and deliberate lie. "There is no problem in the housing market" There is no housing bubble" Housing has bottomed out" The housing problems will not affect the rest of the economy. "There is no danger of a recession" "Indy Mac is financially sound" "Freddy Mac and Fanny Mae are too big to fail" "The inflation rate is only 2%" "Housing will bottom in 2009" "The financial stimulus bill will prevent recession".
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