I think the best way to watch the congressional financial crisis hearings is to watch it online from Bloomberg news. The Bloomberg News talking heads are obviously less intelligent and more prone to leftist media group think than the people on CNBC or Fox business, so it dispels even the wafer thin illusion that anything relevant will be learned from this political farce. I know that’s setting the bar awfully low, but the brain dead chumps at Bloomberg News manage to slither under it all the same.
Boy… they really are a bunch of chumps too. I don’t think much of the opinions of a boot-lick like CNBC’s Steve Leisman, but while I disagree with his models, I think he does represent a legitimate view, and he does it fairly cogently. His ideas may be wrong, (or at least I disagree with a great many of them) but they are certainly his. In general terms he’s seems to be a smart guy who is doing his best, and is in fact trying to get things right based on what he was taught about how the markets work.
But the drones at Bloomberg don’t even seem to care about that. They ooze the kind of personal insecurity that liberals always seem to, and you get the impression that they are a lot more worried about how their hair looks and what their next job will be than they are about figuring out what’s actually happening in the markets. They are all about the cult of personality, and would be just as happy interviewing Jesse James about his tattoos as some no-name congressman about regulatory reform. To be fair, I don’t really know how the whole “TV news” thing works… they may just be reading the lines off the monitor in which case all this would be the fault of their atrocious writers. But it seems to me that they manage to suck away whatever light and knowledge may be accidentally slipping through the cracks.
Maybe they know I’m the only one who’s watching so they don’t care about content. But if that’s the case, then maybe they should try going the other way and just admit that they don’t have any idea what’s going on, and that this congressional hearing is all just a political show trial. Maybe they should get people on who will make it clear that even at their best, there is no way these dim wits in congress will be able to understand even the origins of the crisis let alone what to do about it. Maybe their best tactic would be to openly ridicule the members of the committee or ask them highly technical questions that they couldn’t hope to answer so that we can all see them for the circus clowns they really are. That’s the kind of honesty that would be certain to boost ratings.
We already have enough shallow, vain and vacuous taking heads in NY. We really don’t need any more.
4 comments:
do you think bloomberg radio is any better?
I don't listen to Bloomberg radio, in fact... to my knowledge I never have. But I don't imagine it's much of an improvement. TV and radio aren't really a good format for what the finance industry needs. Whatever they may claim about themsevles, those formats are areally about entertainment not business. On CNBC or Fox some information manages to survive the process, mostly by accident. but Bloomberg manages to purge it all.
Yes, i suppose they are mostly entertainment-based--or at least they don't trade too heavily in facts and figures.
What format is best for the finance industry? The bloomberg terminal's one?
Do you think the TV and radio formats aren't well-suited for business, or just that the the existing ones have bad programming?
In a way that I can't get into with too much detail in this format, I'm a professional consumer of news. And speaking from that perspective, I think the wires are really the best way to get most information for those engaged int he markets.
Bloomberg does a lot and is an important platform, but I object to the top down philosophy that drives it. I think Reuters has the potential to be a better platform becuase it's an open system. If they could address the data quality issues I think they could end up the leader in the space but Bloomberg dominates it at the moment and it will be tough to take them out.
As a customer with pretty high data demands, I meet with the Reuters editorial staffers periodically, and I've suggested a number of changes that I think will help them. But it's a large and lethargic organization and has been slow to respond so far.
TV is entertaining, but if you want actual news, it's probably not going to do it in my opinion.
Post a Comment