Wednesday, July 24, 2013

The Sarcasm Report v.176

July 6, 2013
CNBC may tinker with primetime

CNBC saw some of its lowest ratings in May since 2005, according to Nielsen. In 2012, CNBC was off 13 percent in its core audience.

I'm still glued. I love to see analysts fight over a stock. You know. One says that it will rise by 10% and the other claims it will rise by 20%. That's great info for me. I just average their estimates, assume I'll earn that over the long-term, and then go on spending sprees at my local Sears, J.C. Penney, and Radio Shack.

And don't even get me started on how useful Mad Money and Fast Money are to me. I love both of those shows so much that mere words can barely do it justice. Mad? Yes! Fast? Yes! It's the only way to make risk-free money over the long-term now that the economy has been horribly crippled and disfigured.

In fact, I use the information I get there to compete with other people also getting their information from there. It's like getting inside information that's actually shared with everyone. Not only that, but this mechanism really levels the playing field between retail traders and institutional traders. I'm watching a TV with some crazed guy pushing sound effect buttons but they only have supercomputers and advanced trading algorithms! What could possibly go wrong?


mab said...

Rumor has it that CNBC is going to start telling half-truths to regain viewership. Apparently,
certain viewers no longer like being lied to 100% of the time.

There's just no accounting for taste!

Troy said...

DeLong was complaining about Obama's:

"Towards the end of those three decades, a housing bubble, credit cards, and a churning financial sector kept the economy artificially juiced up. But by the time I took office in 2009, the bubble had burst, costing millions of Americans their jobs, their homes, and their savings. The decades-long erosion of middle-class security was laid bare for all to see and feel."

as being "simply wrong" and called the housing bubble "relatively minor".

I posted two comments, here's the charts from them:

last one says it all, really.

Troy said...

in other news, house-sitting for my sister this week and next, and they have an Ouya. One trip to Fry's later for a micro USB cable, a trial activation of Xamarin's Android IDE, and I've got monogame's Ouya framework building and running.

A $99 Tegra console is an interesting device!

cheap 1080p displays kinda mean we're back to the Amiga 500 days, but with 32X the pixels.

I thought the PS2's Linux home-brew package was a pretty cool thing, but Ouya really lowers the price bar here.

Well, except for the Xamarin toolchain, that's $400. But a codebase that's cross-compatible with iOS, Sony, Mac/PC, xbox 360, and the next generation of consoles is pretty cool!

Back in the 1990s my Yamaha ISDN modem (which was a cube not much larger than the ouya) could serve web-pages, and it struck me then that PCs didn't have to be big-ass boxes they'd always been.

Now I'm trying to figure out which idea I'm going to work on this week . . .

Stagflationary Mark said...


There's just no accounting for taste!

There's just no accounting!

Stagflationary Mark said...


as being "simply wrong" and called the housing bubble "relatively minor".

That's certainly good to hear. Means we won't have 4+ years of ZIRP. Um, I mean in addition to the 4+ years we've already had of course, lol. Sigh.