1. Don Harrold nailed it hard. He captured Cramer’s lies and contradiction. He showed how the channel turned into a game show. How ridiculous Fast-Money is. Watch these videos and ask yourself if you would ever again wish to trust CNBC’s “stars” advice with your money.
2. CNBC is in bed with CEO-s. Particularly the channel is unable to post any honest criticism of their own boss, GE’s CEO. Cramer in partcilar answered on air on “Mad Money” - I decline to answer, he’s my boss.
3. CNBC is in bed with hedge funds manipulating the market. For that you would have to trust Overstock.com’s CEO rants and campaign against naked shorts. See “Deep Capture”.
4. CNBC is owned by GE, if there ever was an evil corporation. I’ll take Bill O’Reilly’s word for it. Continuously trading with Iran, deliberate pollution of rivers and refusal to cleanup.
5. There’s got to be something better to do with your time than to listen to the same garbage over and over, it’s not news, it’s not analysis - those buffoons are wearing expensive suits but as the market proves most have no idea what they are talking about. Talk about empty suits.
6. Kudlow could play a lawyer on Law and Order - but listening to his voice shouting at us that it was a great time to get in to Citibank was an astounding moment for me. His show is a competition in shouting and self importance between condescending old people and lobbyists.
7. It’s really depressing. Face it - seeing greedy people grin at you from the floor, the gloomy faces of floor traders as they waste their family fortune in pursuit of a number on their bank account. You know you would feel better watching national geographic, or even paint dry.
8. The news, the data and analysis - it’s all out there on the web, 90% free and more accessible. Even Cramer makes fun of his channel in his books of how they used to call themselves “first in business” even though they usually repeat second hand news from other sources.
9. Just look at how they caption their shows; Mad Money, Fast Money, American Greed and others. They even broadcast rerun of Deal or no deal” - of course it’s not a money management show - but what is it doing on a business channel to begin with? This channel cares more about entertainment, ratings and grabbing attention of occasional channel flippers than about investment, money and business. I’m not a day trader, I have a job and a life - but I just wonder who has CNBC on a background TV on his trading desk from 7am to 8pm? Has this improved your game? Really?!
10. “The Big Idea With Donny Deutsch” - just what kind of a show is this? A political “gotcha” trying to catch right winger pundits off guard; ridiculously accusing Ann Coulter of antisemitism? A business show? A “let’s just talk about anything - hey I’m Donny and I’m rich”? Seriously - why did he interview “deal or no deal” host? Why does this guy get a show at all - just because he’s rich? Who watches it? Are you a Deutch fan and if you are - please tell me why. I admit - tried to watch it. I tried to explain to myself the sense behind this 10pm slot - a slot other channels prefer to make money on by putting popular shows like “lost”, but CNBC’s execs aren’t about “that”. As it should be well understood by now it is a playground of friends and relatives of whoever is in charge.
Comments are more than welcome…
Cheers.
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July 9th, 2008 at 1:47 am
July 10th, 2008 at 3:43 pm
July 15th, 2008 at 12:52 pm
[...] Not Cheap, I’m Fiscally Concerned is never watching CNBC again. [...]
July 17th, 2008 at 1:42 pm
July 17th, 2008 at 3:57 pm
My email is on the “about” page.
August 12th, 2008 at 5:42 pm
u mother fucker i hate u cnbc is the best business channel and those shows u r mentioning r very good i love it those show u deep shit.
August 12th, 2008 at 7:22 pm
August 15th, 2008 at 2:55 pm
[...] mentioned in my post about not watching CNBC – Cramer is a complicated man (link to Overstock.com CEO’s thoughts on Cramer). I assumed that [...]