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« Afternoon Links (July 1, 2009) | Main | The WSJ Adds It All Up: Bailout Tracker For TIP, TALF, PPIP & TARP »
Wednesday
Jul012009

Peter Schiff to Dennis Kneale: "The Good News Is That Your Record Of Inaccurate Forecasting Looks To Be Safe" (Clip)

Click Photo to See VideoThe other decent lines from Schiff:

"There's so much talk of green shoots on CNBC, I feel like I'm watching the gardening channel."

"Our economy suffered because we borrowed and spent too much money.  And now we're trying to fix it by borrowing and spending a bunch more money."

This clip is on the longer side (11:28) and the discussion centers around whether the recession is over as Kneale has declared.  Former Fed Governor Robert McTeer is a solo guest starting at the 3-minute mark.  Peter Schiff comments begin at the 7:45 mark.  It's worth watching, especially Shiff, and the beginning where Kneale lays out his extremely weak bullish case.

Kneale has become the purest example of blatant market cheerleading I have ever seen on CNBC.

 

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Reader Comments (2)

As I said on another site, Mr. Kneale's credentials are what?? Oh, that's right, he has a Bachelors Degree in Journalism. What a fool!
Jul 1, 2009 at 4:35 PM | Unregistered CommenterHarry
Where did CNBC find this guy? He is drinking way too much of the Obama Kool Aid
"We need a little more of the Hair of the Dog that Bit You"
The elections in 2010 cannot come soon enough!!!
Jul 2, 2009 at 11:37 AM | Unregistered Commentermtd

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