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View Diary: Market Humiliates S&P — Rejects Downgrade (266 comments)

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  •  there's a difference (7+ / 0-)

    between whoever they have "reporting" on financial news on NPR, and the financial news Marketplace show, which airs on NPR. That is generally reasonably good, although of necessity rather superficial.

    Also, they do an hour-long money show once a week and seem to be making a real effort to help educate people about using money and making it work for you.

    I still think the wars in Iraq and Afghanistan were and are unnecessary, the whole "war on terror" is just a reaction to self-induced fear. I still think there is a war on women. -- from LaFeminista

    by Mnemosyne on Mon Aug 08, 2011 at 10:30:42 AM PDT

    [ Parent ]

    •  Actually what I was listening to was Marketplace (5+ / 0-)

      The yield on 10 years is down 21 basis points.  If this keeps up it is going to be mortgage refinancing time again.

      I'm not liberal. I'm actually just anti-evil, OK? - Elon James White

      by Satya1 on Mon Aug 08, 2011 at 10:41:41 AM PDT

      [ Parent ]

      •  yes, the marketplace show (4+ / 0-)
        Recommended by:
        Joieau, Sylv, dewley notid, neroden

        is pretty much top-skimming, but every once in a while they hit a good one. I used to get really annoyed, and then I started listening more closely, and there's a certain amount of reality and skepticism the creeps in on their commentary sometimes.

        Although I expect they're pretty well boxed in and can't exactly go all DFH on the air.

        I still think the wars in Iraq and Afghanistan were and are unnecessary, the whole "war on terror" is just a reaction to self-induced fear. I still think there is a war on women. -- from LaFeminista

        by Mnemosyne on Mon Aug 08, 2011 at 11:17:25 AM PDT

        [ Parent ]

      •  Just remember when you refinance (0+ / 0-)

        Get
        (a) a NONTRANSFERRABLE mortgage, which the bank cannot resell,
        from
        (b) a LOCAL bank
        and
        (c) demand full discharge of debt and mortgage from EVERY previous bank ever involved in your previous mortgage....

        ...mortgage fraud is still a huge huge issue in this country.

        Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

        by neroden on Mon Aug 08, 2011 at 07:28:33 PM PDT

        [ Parent ]

    •  But they only ever interview (0+ / 0-)

      people who have large amounts of money that they need advice on how to make work for them... They never seem to take calls from people who have REAL money problems, i.e., barely able to keep their heads above water, or unable at all ... I listen to that show sometimes with my wife, and we find it to be very one-sided.

      Other than that, it's very cheerful and uplifting, if you happen to share the upscale callers' positions ...

      For example the other day, I heard a young man call in to say he had gone back to grad school to get training in solar technology ... he said that he was in his late 20s, and had managed to pay off his student loans from college, and also to amass a significant retirement fund.

      I don't know about anyone else, but that sort of experience doesn't seem to me to be typical, even for upscale NPR listeners.  

      My point is that they only seem to let calls through from people who will serve as examples of "winners" to the audience. I know it's important to keep the sunny side up, but as a reflection of reality, the weekly call in show on Marketplace is just plain pollyanna.

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