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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?
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
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 6,510,291 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.
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!
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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