CNBC announced a new concept in financial reporting: they
will stop fear mongering every time the Markets fall a couple of percent below their
highs. Comcast’s CEO and parent of CNBC,
Brian Roberts said, “We realize scaring the public increases our ratings, but in
the future, bears such as Albert Edwards, Mark Faber, Richard Russell, Nouriel
Roubini and others will only be allowed on camera if they are bullish.” CNBC
further suggested the name of John Hussman would not be spoken on-air. Rather than scare the public with financial
news if the markets fall, Roberts said they have a new strategy: “We have hired
Jim Cantore in the newly created CNBC position of Chief, Hurricane Reporter. Those
guys at the Weather Channel figured out a long time ago that hurricanes are great
for ratings and, more importantly, hurricanes are much more prevalent than
Bear-markets,” he said.
