Let’s talk about cnbc and its media spin. The arrogant golf-playing news reader, the one with the permanent smirk on his face on camera – the perma-smirk a semaphore for his wealth and power. What cnbc shows us on TV is straight out of the medieval ages.
The lucky ones – the ones who bought long in the market a decade ago when the Fed was easing, then made billions – they’re the acolytes the smirker invites. He anoints them on the air with faint praise “oh, you’re so handsome,” he chortles. Then he knights them on the show by dubbing them a “maverick” or a “titan” or, a “legendary titan”.
Cnbc has become a disgusting version of tabloid television. Who are these guys, these so-called mavericks and titans? No one heard of them even as recently as a decade ago. But, oh no, now that the smirker has anointed them on the squawk box show, oooohhh, we’re supposed to kowtow to them and hold them up in the pantheon of world financial leaders.
Right. Goats one day, financial gurus and legendary mavericks the next. Baaaaa.
But, all good things must come to an end, as they say. And, in the immortal words of Warren Buffet, when the tide goes out we’ll soon see who is swimming in their tighty whites and who’s in their birthday suit.
I’m thinking when the Fed’s easing finally comes to an end, and the tide finally goes out – we’re likely going to be looking at a nudist colony.
I asked a noted Wall Street expert for comment, who declined to be identified because their firm had not authorized them to speak with the press.
“It’s a very interesting time,” they said. “In the end, the savvy investor has to choose between what a television show is promoting and what their common sense says is right. And that’s really the only yardstick they should go by – their gut feelings, hunches and intuition. There is plenty of data to help you decide, but sometimes it is what’s not in the data that’s the most telling of all.”
The lucky ones – the ones who bought long in the market a decade ago when the Fed was easing, then made billions – they’re the acolytes the smirker invites. He anoints them on the air with faint praise “oh, you’re so handsome,” he chortles. Then he knights them on the show by dubbing them a “maverick” or a “titan” or, a “legendary titan”.
Cnbc has become a disgusting version of tabloid television. Who are these guys, these so-called mavericks and titans? No one heard of them even as recently as a decade ago. But, oh no, now that the smirker has anointed them on the squawk box show, oooohhh, we’re supposed to kowtow to them and hold them up in the pantheon of world financial leaders.
Right. Goats one day, financial gurus and legendary mavericks the next. Baaaaa.
But, all good things must come to an end, as they say. And, in the immortal words of Warren Buffet, when the tide goes out we’ll soon see who is swimming in their tighty whites and who’s in their birthday suit.
I’m thinking when the Fed’s easing finally comes to an end, and the tide finally goes out – we’re likely going to be looking at a nudist colony.
I asked a noted Wall Street expert for comment, who declined to be identified because their firm had not authorized them to speak with the press.
“It’s a very interesting time,” they said. “In the end, the savvy investor has to choose between what a television show is promoting and what their common sense says is right. And that’s really the only yardstick they should go by – their gut feelings, hunches and intuition. There is plenty of data to help you decide, but sometimes it is what’s not in the data that’s the most telling of all.”