Stewart / Cramer and the role the Financial News Networks

This is the last episode of a very funny and informative saga a lot of people have been waiting for, enjoy (3 parts):






While I almost agree with Stewart on everything he said here, there was something that struck me; something that was missing, something that I think Cramer wanted to say; something that almost nobody with a career can say on American television:
Even if 90% of financial advisors told to NOT invest in this "fast money making scheme", a big chunk of the public would rush to the advices of the 10% who are saying how to make that quick buck. American, and for that matter, almost everyone on this planet, is somewhat interested into "how to make money quickly".
So what the CNBC can do ? Put itself in a corner where nobody will look at, and say boring stuff like "well, real money is created by work; so you should probably invest into companies which do real work. It is slow, and doesn't make the 30% of the other guy, but in 10 years, you will be happy".
Like Cramer almost said, how can you ask somebody to ask reasonably for years and years when they see people making 5 times what they are making with the same amount invested ?

The crisis will end on November 8th at 3:30 pm

bill clinton

President Clinton just said it.

Okay, it was meant as a joke, but his ABC news interview is worth listening to. Actually, it's always worth listening to him.

Another quote from the interview:
"It's worth reminding the American people, that for more than 230 years, everyone who bet against America lost money. It's a mistake to bet against this country over the long run."


Posted by Christophe Maximin February 20, 2009


Thank youuuuuuu America !

You have made history again, you can really be proud.
I have been waiting for this for twenty months, all stressed up, and I'm sooo delighted to see that all the polls and projections were right... you have no idea :-)

No seriously, you guys rock.

obama victory @chicago

Posted by Christophe Maximin November 05, 2008


History has been made

Whatever happens next, history has been made this year. I’m really looking forward to see how all of this will end, in November.
Well done so far, America.

If Obama Went 0-for-10...

Humor me while we conduct a little thought experiment. Imagine that Barack Obama had lost 10 contests in a row. Imagine that he now trailed Hillary Clinton substantially in the number of Democratic primaries and caucuses won, in total votes cast, in pledged convention delegates, in the overall delegate count, in fundraising and in the ineffable attribute called mojo. Imagine that Obama was struggling, at this late hour, to come up with the right message. What would the conventional wisdom say?

That it was over, of course. That Obama was toast. That staking everything on the March 4 primaries in Ohio and Texas was a starry-eyed hope, not a plan, and that it was time to smell the coffee.

Washington Post, Eugene Robinson: “If Obama Went 0-for-10…”

clinton and obama

Posted by Christophe Maximin February 02, 2008