In their desperation for signs of an upturn in the economy, CNBC talking heads made complete fools of themselves so thoroughly that this clip may live in infamy.
The two most respected economists, Roubini and Taleb, who actually predicted the recession for the very reasons it actually occured, are questioned by the CNBC talking heads and they were such numbskulls that they actually made points that were certifiably insane. For example, Roubini and Taleb believe that our recession is still gaining steam and worse is ahead. One of the CNBC reporters actually disagreed on the basis that because Bill Gates and Michael Dell had to stand in line at Davos for two hours to get in to hear these two guys speak, that was, in her mind, an example of such profound panic that it had to indicate that things could not get worse and thus we are about to enter a bull market, and she actually called the standing in line a "data point".
Her fellow panelists practically begged the economists to point to one thing, anything, please, that indicated the future was looking up. They refused. It was insufferable. Watch this and weap for what might have been:
http://www.cnbc.com/...