Friday, March 13, 2009

Congratulations to Jon Stewart . . . but:

Why is a satirist having to do the heavy lifting on this, instead of the "news" media themselves?

It's been linked to and embedded a zillion places over the net today, but in the extraordinarily unlikely event that you haven't seen Stewart take CNBC's Jim Cramer to the woodshed from last night, get some popcorn and go here.

(Hard drive rebuild should be completed this afternoon or tomorrow morning, after which I should be posting at the usual rate again. Did I miss anything else while I was gone?)


Anonymous said...

While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See:


Ron with 30 plus years in the investment business and banking industry.

Nothstine said...

It's not about Santelli or Kudlow or Cramer - it's CNBC