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Financial reporters are some of the best political reporters
Posted on 10/19/17 at 9:41 am
Posted on 10/19/17 at 9:41 am
I'm listening to Varney and Co jumping up and down at how reasonable, objective and thorough he is. I feel the same about Maria B. In those instances where I'd normally be tempted to consume cable political news (something I try to do only sparingly), I may just start consuming even more financial news (something I already do daily). The benefits are that all major political stories will still be reported, you're receiving your news from people trained to be objective (the market is an all-powerful judge, after all, and is constantly judging you right or wrong, so you learn to be careful with your words) and you'll get the economic viewpoints that are sorely lacking from the political news stations, who prefer to talk about "click bait" type issues more than grown up issues.
8
Posted on 10/19/17 at 9:49 am to RedStickBR
quote:I'd guess >90% of my TV news comes vis-a-vis CNBC and FBN.
Financial reporters are some of the best political reporters
Posted on 10/19/17 at 9:51 am to RedStickBR
Yeah - they still have ideological biases, but they deal more in actual facts and figures, and less in the emotional realm, so their reporting is refreshingly objective (relative to the MSM, particularly).
Posted on 10/19/17 at 10:14 am to Ace Midnight
Right, their quantitative underpinning forces them to call a spade a spade and balance all ideological positions against the economic realities.
For instance, if all you consume is political news, you may think Europe, with its universal health care, social safety net and public infrastructure spending is all America should aspire to be.
But if you're a financial market participant or financial news consumer, you realize much of Europe is functionally bankrupt or at least not far from sliding back into the abyss.
Varney had an incredible rant at the end of his first hour talking about just this topic, calling himself a "recovering European," and proclaiming in convincing fashion that the social welfare state is officially a failed European experiment, all while questioning how many American liberals are somehow incapable of comprehending this as they push for the same policies here.
It's the classic idealist-realist dichotomy. The more of a realist you are, the less of an idealist you become. And the more of an idealist you are, the less you can afford to deal in facts and numbers.
For instance, if all you consume is political news, you may think Europe, with its universal health care, social safety net and public infrastructure spending is all America should aspire to be.
But if you're a financial market participant or financial news consumer, you realize much of Europe is functionally bankrupt or at least not far from sliding back into the abyss.
Varney had an incredible rant at the end of his first hour talking about just this topic, calling himself a "recovering European," and proclaiming in convincing fashion that the social welfare state is officially a failed European experiment, all while questioning how many American liberals are somehow incapable of comprehending this as they push for the same policies here.
It's the classic idealist-realist dichotomy. The more of a realist you are, the less of an idealist you become. And the more of an idealist you are, the less you can afford to deal in facts and numbers.
Posted on 10/19/17 at 10:22 am to RedStickBR
quote:
Financial reporters are some of the best political reporters
Want to know why? Bc 99% of them are conservative; Libs don't know shite about economics
Posted on 10/19/17 at 11:15 am to RedStickBR
I typically read the WSJ and they are probably the most objective from a political viewpoint. Obviously not liberal but they don't subscribe to the Trump populist jingoism either.
Posted on 10/19/17 at 11:27 am to RedStickBR
I don't know. A story came out that jobless applications are the lowest since 1973. Bloomberg News said it was because of Columbus Day. The unemployment office was closed. Rush just read Bloomberg's news release.
Posted on 10/19/17 at 11:42 am to RedStickBR
I disagree a little bit. Financial news is pretty clickbaity, especially Bloomberg and more than occasionally WSJ.
Posted on 10/19/17 at 11:48 am to Lou Pai
Bloomberg is the weakest of the three (CNBC, Fox Biz, BB). There's no doubt about that. I don't listen to it at all on XM, but I watch it from time to time on TV. I struggle even naming a major BB TV personality.
Posted on 10/19/17 at 12:22 pm to Ace Midnight
quote:
Yeah - they still have ideological biases, but they deal more in actual facts and figures, and less in the emotional realm, so their reporting is refreshingly objective (relative to the MSM, particularly).
Posted on 10/19/17 at 12:23 pm to RedStickBR
agreed
Posted on 10/19/17 at 12:31 pm to rocket31
I've seen that nonsense a number of times. Estimates are his inheritance was $30 mm in 1999.
Where the frick do they get that number from?
Where the frick do they get that number from?
Posted on 10/19/17 at 12:45 pm to rocket31
That's really a pretty stupid argument
Posted on 10/19/17 at 12:47 pm to RedStickBR
Financial news is the only news where I do more than scan the headlines...with only occasional exceptions.
It's the most equal playing field in the world. The market doesn't care if you are black, white, red, yellow, purple, green, cis, trans, straight, gay, lesbian, or any other LGBTQABCDEFGH...
Every day your choices are weighed and measured, and you make money or you don't.
quote:
the market is an all-powerful judge
It's the most equal playing field in the world. The market doesn't care if you are black, white, red, yellow, purple, green, cis, trans, straight, gay, lesbian, or any other LGBTQABCDEFGH...
Every day your choices are weighed and measured, and you make money or you don't.
Posted on 10/19/17 at 12:59 pm to Turbeauxdog
quote:
Where the frick do they get that number from?
i think its partly from the loans Trump received from his dad over time for his businesses
over $100s of millions.
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