Comments on: Save Money, Turn Off Your TV

By: tomahldin

tomahldin — Tue, 02 Dec 2008 23:39:39 +0000

Buffett bought a 1934 Rolls Royce for 350 Dollars and rented it out for 35 dollars a day. By the time he graduated from high school at sixteen, Buffett had saved 6,000 dollars.

Tom Ahldin

By: JJ

JJ — Tue, 02 Dec 2008 22:49:03 +0000

Reminds me of the climate change "debate," where the reality based community regularly gets shouted down.

By: bryanfromhouston

bryanfromhouston — Tue, 02 Dec 2008 22:46:22 +0000

There is little if anything which I find surprising here. These idiots have been on tv spouting insane logic for years. The fundamentals of a supply and demand economy should never be in doubt. I don't know how people couldn't possibly see it. If anything, Schiff was absolutely right to be warning the supposed adults that Santa Claus ain't REAL!!

By: northernobserver

northernobserver — Tue, 02 Dec 2008 21:49:12 +0000

The three stooges of American economic/political commentary are:
Laffer, Stein and Luskin.
These clowns can be counted on to spout politically convenient economic talking points on cue. They are hacks of the highest order.

My favorite new term for bad economic punditry is "Ben Steinery", coined by the mench, Barry Ritholtz, of The Big Picture Blog.

By: beccabyrd

beccabyrd — Tue, 02 Dec 2008 15:42:01 +0000

CNBC is full of chronic gamblers masquerading as analysts. I watch them for entertainment these days. I have never witnessed such buffoonery, and the fact that they take themselves seriously just doubles the hilarity. Defending obscene bonuses for CEOs of failing companies, their general response is "But those CEOs will just go and offer their EXPERTISE elsewhere!". To that I say-"Here's your hat, there's the door, what's your hurry?'. And, of course, it's all the UAW and those greedy workers fault. Or all those stupid homeowners, depending on which crisis is the day's topic. Solipsistic nincompoops reign at CNBC, with few exceptions. As for Fox News, watching it is like wallowing in a pig sty. I feel dirty just commenting on it.

By: destor23

destor23 — Tue, 02 Dec 2008 14:41:51 +0000

Peter Schiff is a scam artist. He sold fear to get people to buy foreign stocks through his brokerage. Truth is, Schiff was wrong about decoupling in stock prices. When the US tanked, global prices fell too. Schiff's clients are down over 40% now. So how is he a hero?

By: sgwhiteinfla

sgwhiteinfla — Tue, 02 Dec 2008 13:32:11 +0000

gysgt
.
Schiff was Ron Paul's economic advisor

By: gysgt213

gysgt213 — Tue, 02 Dec 2008 13:08:03 +0000

I still remember Ron Paul during the debates making the crazy statement that our dollars should be based on something other than a printing press. He suggested we should go back to the gold standard. The other candidates laughed him off the stage of course and the moderators just let it go as the rantings of an obvious kook.

By: gysgt213

gysgt213 — Tue, 02 Dec 2008 13:05:38 +0000

"hey, why is this video restricted to Fox News?"
.
You certainly can get the same kind of mindless crap from CNBC that's for sure.

By: sgwhiteinfla

sgwhiteinfla — Tue, 02 Dec 2008 13:05:14 +0000

plukasiak
.
If you watch again it starts with Schiff being on CNBC. Its not about how FoxNews was wrong, which they were probably more than any other cable financial show, its really about how Schiff was right and nobody wanted to listen to him. The difference was on CNBC they just disagree with him, but on FoxNews they are either openly laughing at him or the one woman kept treating him like he was mentally ill and she was pitying him. But he is laughing all the way to the bank now because not only did he predict the crisis almost to the correct month, he also predicted the rise gold would have and instead of being in Merrill and taking a bath like Ben Stein did, he is in gold sitting pretty. The only bad part is he is one of those "let them fail" guys who thinks every business should be allowed to fail global depression be dammed.