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Friday, January 2, 2015

News You Can't Use - CNBC is The Worst.

They are as business oriented as politicians and "Businessweek." There programming is more like "Sportscenter," loaded with self congratulatory speculators, lacking in focus, who ignore small businesses and preen. m/r

For CNBC, 2014 Was The Worst. Year. Ever. | Zero Hedge

by Tyler Durden on 01/01/2015

Another year of putting lipstick on the zombie known as the global economy, kept walking only thanks to $11 trillion in liquidity injections by the world's central banks and tens of trillions of new Chinese credit created out of thin air and promptly misallocated and embezzled, and the results are in. The bottom line: according to Nielsen, is that despite the S&P recording a whopping 53 all time highs, and the Dow rising over 18,000, the channel that was once must watch financial TV for mom and pop, and has since devolved into endless cheerleading of failed policies and rigged markets, namely CNBC, just suffered its worst year in, well, ever.
But don't worry: the "retail investor" who has now fully given up on the "market", will surely be back this year, and with it CNBC's ratings.
-go to link-

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