You are currently browsing all posts tagged with 'cnbc'.

You Don’t have to wear Rose-tinted-glasses to work here

  • February 12, 2010 9:17 am

…but it helps.

Apparently the CNBC advertisers do not like bad news or stark reality.  As a result the CNBC people try to make everything look good.   Nouriel Roubini was on CNBC this morning and rebuffed their pretend economy and used facts to tell it how it really is.   Video below:


Is CNBC a news channel?

  • August 5, 2009 10:00 am

CNBC is supposed to be a news channel – right?

If so why are there so many questions, concerning the honesty of reporting on CNBC.  I think I might have figured it out.  They are not really lying, just like its parent company wasn’t blatently fixing its books.  They are just being creative with the truth, just like GE is creative in its accounting.

In a way its a bit like in an informercial.  You present data in a way that is good for the product you want to sell.   What does CNBC want to sell, you may ask?  They want to sell advertising to Financial Institutions.  They also do not want anyone questioning the solvency of GE.

So I ask again – is CNBC a news channel?  The answer is no, its an infomercial for financial stocks.