John Stewart demolishing CNBC Cramer
- Thread starter ripley
- Start date
hucks
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Christ on a bike...
Jon Stewart's best stuff is often aimed at the rest of the media. There's a youtube clip of him on some politics talk show called "Let's all have a big fight" or something, where he kills the two presenters for the way they reduce all the issues into simplistic shouting matches.
Edit: OK it's actually called Crossfire
Jon Stewart's best stuff is often aimed at the rest of the media. There's a youtube clip of him on some politics talk show called "Let's all have a big fight" or something, where he kills the two presenters for the way they reduce all the issues into simplistic shouting matches.
Edit: OK it's actually called Crossfire
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crackerjack
Well-known member
vimothy
yurp
He doesn't put up much of a fight, though. Should have got Donald Luskin on.
Robert Peston comments:
"Cramer has been attacked by Jon Stewart for being too optimistic after the crisis started in the summer of 2007," he said yesterday. "The allegation against him and CNBC is that they were taking too rose-tinted a view of what was subsequently going on at various institutions. That is simply not a criticism that I think can be levelled at most UK financial journalists.
"If Stewart tried to do that over here, I think he'd look like an idiot because I don't think there's evidence for falling down on the job in remotely the same way. I don't think it's possible to do it because the evidence isn't there of a complacent, or self-satisfied, or lazy, or unduly optimistic media."
From: http://www.guardian.co.uk/world/2009/mar/15/usa-tv-jon-stewart-economy
yeah.
"Cramer has been attacked by Jon Stewart for being too optimistic after the crisis started in the summer of 2007," he said yesterday. "The allegation against him and CNBC is that they were taking too rose-tinted a view of what was subsequently going on at various institutions. That is simply not a criticism that I think can be levelled at most UK financial journalists.
"If Stewart tried to do that over here, I think he'd look like an idiot because I don't think there's evidence for falling down on the job in remotely the same way. I don't think it's possible to do it because the evidence isn't there of a complacent, or self-satisfied, or lazy, or unduly optimistic media."
From: http://www.guardian.co.uk/world/2009/mar/15/usa-tv-jon-stewart-economy
yeah.
hucks
Your Message Here
Well, he's right, but only inasmuch as there is no British CNBC or whatever - no TV channel set up specifically to cheerlead the stock market. But if you went through, say, the Cty Slickers column in the Mirror, I bet you'd find some fairly shocking examples of bad calling.
Edit: And of course his own personal experience is of being shouted at by angry Geordies for saying that Northern Rock was fucked when, ah, how to put this...
Edit: And of course his own personal experience is of being shouted at by angry Geordies for saying that Northern Rock was fucked when, ah, how to put this...
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crackerjack
Well-known member
Presumably if you have billions invested in shares, that's all but unavoidable. Did he back spectacular failures right up to the death like Cramer?
vimothy
yurp
Buffet doesn't have all of his wealth in a Vanguard indexed stock fund. He isn't making the average return of the market. If he's lost money it's because he's made bad decisions -- bad calls, just like Cramer. The man is an idiot, yes, but not foreseeing the financial crisis is a generic flaw common to everyone short of Roubini, Schiller and a handful of others.