TradingChief's  Instablog

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I have been in the stock market since 1989. I have been trading and investing on my own since then. I have established a website for people that are serious traders and investors. We have a bulltetin board that we use for information and not for jibbersih on how your stock is going to the moon... More
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    Apr 4, 2012 3:17 PM

    I always enjoy listening to the one sided narrowminded comments by CNBC people. Don't get me wrong, I like most of them, its how they tend to narrowly focus on subjects and spin them into positives for the US recvovery.

    A good example was today when it was asked of a guest, why does Spain bond auction have to do with the US, after all the EU is only 1.9% of all US GDP!!

    In this case like many others, the comment is designed to leave the listener with the idea that the EU is irrelevant to the progress of the US. This denies the Global Economy that we all know we belong too!

    The reason why CNBC is so one sided is they had to know the Guest was as clueless as the comment itself. His reply seemed to support the idea that the EU is literally irrelevant.

    No one realizes, or chooses to address that the EU is one of China's biggest importers. The EU supports a large portion of China exports. So if you look beyond your nose (CNBC Commentators) then you would realize that it is irrelevant that the EU only makes up 1.9% of US GDP.

    If China starts to contract because of falling exports, what then? How much is China purchasing of US GDP?

    CNBC only ever speaks of the Global economy when talking about who they can export too. They assume that individual continents can be treated separately. Just as when Klyueless Kudlow starts to refer to King Dollar he does not contemplate on how that will impact exports to already struggling countries?

    I for one would love to see the Republicans back in power so we can all watch them fall on their sword just as quickly as Democrats. The democrats may have farked up this last 4 years but it was followed by 8 years of mismanagement by the Repubs!

    King Dollar? good luck with that :)

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