Maria Bartiromo may not be buying into the green shoots theory, but fellow oracle Dennis Kneale is- and jumping in with both feet. In addition to cherry picking a few pieces of optimistic data, Professor Kneale is fired up that the economic super-variable known as 'how we feel' is on the rise. Consequently, DK proclaims that the "horrible Great Recession is over, right here and right now" and "Dow 10000 here we come." Break out the bubbly, we've successfully felt our way out of the recession.
Posted by guest , Jun 29, 2009 5:56PM
This might be a good sign since DK was pretty late to the party in admitting there was a recession... he also might be right that once the end of the recession is dated (who knows when in the future...) it very well could be around this time. We've seen plenty evidence of bottoming (even you got a job, Greg) and that's all an end of a recession really requires (and the whole emergence of growth thing...)
Mom
Posted by guest , Jun 29, 2009 5:56PM
Gawd, he made John Hodgman look skinny for a time there.
Posted by guest , Jun 29, 2009 5:58PM
Don't get me wrong... Dennis Kneale should be put to sleep, pronto. He weakens the gene pool everyday he's alive. Just sayin'
-1
Posted by AndrewInGreenwich , Jun 29, 2009 6:06PM
@3
Do you really think Dennis Kneale is having sex on a daily basis?
Not that he doesn't have a better shot than you do.
Posted by guest , Jun 29, 2009 6:09PM
What's with the halo 'round his head? Is that his altar boy yearbook shot?
Without the Madoff multiplier, I'm a skeptic. Think of the wealth affect he had on all his clients. It's not much different than the Fed journaling $$ to BofAMerrillWide.
Posted by guest , Jun 29, 2009 6:13PM
@4 sources tell me he backdoors your mom nightly
Posted by guest , Jun 29, 2009 6:22PM
Why do the American people continue to fall for Conservatives’ lies when the end result is, always, a cratered economy? It’s frustrating for us Dems to have to come in after every Rethugnicant president and fix the mess the Conservatives left for us. Progressives to the rescue! (again and again and again).
Still, it’s nice to see the economy turn around so quickly to provide further proof that Democratic administrations are simply better for the economy than Republicans. Go Barry, go, go!
Hopefully Repubs will finally concede after we fix the economy, reform healthcare, rebuild our tattered reputation around the world, and otherwise repair the massive, institutional damage Bush did to the republic. I won’t hold my breath though.
Posted by Anal_yst , Jun 29, 2009 6:32PM
@7
WTF are you rambling about? Are you lost little boy/girl?
Posted by guest , Jun 29, 2009 6:33PM
@7 Shhhhhhhhhhhhhhhhhhhhhhhhh.
Posted by Seaman Bodine II , Jun 29, 2009 6:44PM
@7
Unfortunately, Dennis Kneale is high off PCP lased jizz he got shot down his pipe glory holing in Tribeca last night.
The idea that we can "come out" of a recession, when faced with an impending tax increase the "likes of which God's never seen" is bat shit stupid.
And before you jack off on the success of candy ass administrations, keep in mind that Clinton was getting BJs from fatty's cause his wife hated his pro-biz agenda, AND he was there in the first place because rates were jacked up on Bush Sr.'s Fed watch in conjunction with Ross Perot sucking down 18% of the vote.
Obama has destroyed capitalism...the only beautiful left in the world is that when we're all selling BJ's to members of the politburo, some of will at least know we were right.
Posted by Anal_yst , Jun 29, 2009 6:48PM
@ SBD
As usual you're overexagerating, and I don' twant to get into a political discussion, but if you're gonna blame anyone, congress (all) is more at fault than Obama.
Posted by Seaman Bodine II , Jun 29, 2009 6:52PM
@11
well, when cap and trade turns into all men are created green, some are just more green than others, you will see
Posted by guest , Jun 29, 2009 7:09PM
GUESS who I saw coming out of a resto at SOUTHAMPTON over the weekend?
ERIN BURNETT and a guy I assumed her boyfriend. What a lovely couple if indeed..!
Posted by guest , Jun 29, 2009 7:14PM
@12, cap and trade will hurt (should cost ~$70-100 billion annually), but the 15% renewable electricity standards are far dumber in terms of the necessary capex to implement them (~$500 billion) and the irrational behaviors they incentivize (provide no incentive to switch from coal to gas or nukes, for example).
Posted by guest , Jun 29, 2009 7:21PM
Michaels had not put up one interesting piece since day one. DB made a mistake
in hiring him.
Posted by Seaman Bodine II , Jun 29, 2009 7:36PM
@14
Cap and trade will cost a number far greater than that, as it is completely arbitrary. The process of creating credits is voodoo (I have spent years in 3rd world countries bribing local politicians for the right to create these rights). Once people / business realize how arbitrary it is, we will be a centralized / planned economy.
People often don't realize what the big hammer is, when it's about to slam them into a board. That's what this is.
Very few analysts on the street understand the racket of cap and trade, just the mechanics (guys like Kevin Book at FBR get that, and the policy swings). The folks who really know the racket are the bankers, but they're starving, as the big dough has yet to infiltrate the space.
But it's a fact, and hustlers in the middle (which I have been) know this to be true (which is why we were there in the first place)...cap and trade is a pure swindle. A completely arbitrary good, a completely ignorant audience, and a completely nascent marketplace.
Posted by guest , Jun 29, 2009 7:45PM
Is there some rule that you have to be a complete moron to appear on the air at CNBC? It's amazing, this fool, Cramer, Erin Burnett, Mark Haynes, David Faber, Rick Santelli, Maria Bartiromo, Larry Kudlow, everyone of them just as stupid as a rock.
Posted by guest , Jun 29, 2009 8:21PM
He just had the dumbest blonde on, a "victim" of the made off scheme and at some point he couldn't take her anymore and it was obvious. He ended with "I'm sorry" which probably was his way of saying "oh shut up already".
Posted by guest , Jun 29, 2009 8:25PM
@17 the issue is this: half are news readers and the other half are hacks. In terms of stupidity, I think DK defines a low for the network (right down there with Cody Willard from FBN). Every once in a while, news readers try to step out on a limb from time to time, but they're not going to venture far. In the event that they find themselves too far off script they always bring it on home by falling back on some dated conservative ideology. Let's examine the personalities:
Becky Quick: Cute tart who never says much controversial. Has that certain look in her eye that makes some men go crazy (she'd be gone in a heartbeat if this were not there)
Joe Kernan: Grumpy prick who just likes to hate government and taxes. He's the morning portion of pseudo libertarianism that the channel offers.
Carl Quintanilla: Another standard opinion generating machine. No real original ideas, brings nothing new to the table other than what he got from some Ayn Rand primer that he read before his first interview for the job.
Mark Haines: Looks about as prepared as the lighting guy to talk about the given subject of the day (does he sleep 18 hours a day?). Default is skepticism, regardless of the subject. Loves to take off his glasses as he goes in for the killer questions. When lost on a subject, likes to fall back into 'sage' mode before diving into his morning snack.
Erin Burnett: The resident girl scout bitch. Likes to play the part of the innocent examiner while really angling into an agenda. Would probably do Rush Limbaugh if she could because it would give her that much more conservative cred.
Larry Kudlow: Dude should have overdosed in the '80s. Not because I wish harm on the guy but because that's when his ideology an sense of fashion died. Vies for the title of biggest Hack on the network. Not sure much more can be said that is not known to all aready.
Melissa Francis: Fem-bot to the extreme. Anyone else get the sneaking suspicion she's probably tried coming onto Kudlow at the CNBC holiday parties? Favorite phrase: "I couldn't agree with you more, Larry"
Trish Regan: Well liked by many for the obvious set of reasons. Seems like she would be happy to work anywhere else, but CNBC puts her on TV (so, fuck it why not?!?)
Bill Griffeth: Seems like should be reading books to a Sunday School class. Largely comes across neutral on most thins, kicks it over to counterparts to insert ideology.
Sue Herrera: See Bill Griffeth
Michelle Carusso-Cabrera: Could probably do better for herself, in the waning stages of her looks, in conservative porn (not talking about the gay stuff). She's basically all tits and right-wing ideology.
Dennis Kneale: "Who let this fucking guy in here?" (pretty much sums up his tenure on the channel). Pretty damning given the relatively low standards of the channel already.
Maria Bartiromo: Pretty much a charity case at this point. Quintessential script reader who status is purely manufactured by the channel (what foreign leaders really want to talk to her?) Give them Ms. Drury instead!
Am I wrong on how I see these people? It's kind of maddening to have to watch them during business hours, but what's a person to do? How many people have asked what they might do if they met DK in person?
Posted by guest , Jun 29, 2009 9:08PM
@19 FTW!
Posted by guest , Jun 29, 2009 9:23PM
@SB... Agreed. I've spent the majority of my almost sixty years overseas watching 'infrastructural development' and consider it highly likely that this is the ultimate global scam of the century.
The guy from the US who lives in China...
Posted by guest , Jun 29, 2009 10:23PM
@19 for President!!
Posted by guest , Jun 29, 2009 10:37PM
Gargle Chimes!
Posted by guest , Jun 29, 2009 10:46PM
@21,
You wouldn't happen to earn your bread over there by paddling down streams and occasionally knocking on peasants' doors with a sticky fifty in your hand in exchange for a two-hundred year old hand-carved armoire, would ya?
Posted by guest , Jun 29, 2009 10:59PM
@24,
Do you still get your news from Walter Cronkite?
Posted by guest , Jun 29, 2009 11:12PM
@25,
I wish Walter Cronkite were still on the air. Instead, we have D-rat.
Also, there is a great story behind my question. It is legit.
Posted by guest , Jun 29, 2009 11:24PM
@ 26,
My remark primarily concerned carbon cap n trade globlally. There may be a legit story behind your remark, but it is irrelavent to my comment and paints a picture that is not even remotely realistice regarding what most people who work overseas do. I have only lived in China for five years (promised my Chinese wife I wouldn't travel for a living anymore), but have seen what paths this sort of thing takes on every continent. Believe me... its fundamentally a scam.
Posted by guest , Jun 29, 2009 11:34PM
You're obviously not the person who I thought, only for a brief second, you were or maybe even knew. Blame a couple brews, nothing on tv and my wandering through DB posts.
Enjoy your remaining years. At least we're all richer than Madoff now, huh?
P.S. I have a pretty good idea why most Americans work overseas, having done so myself.
Posted by e_anthony58 , Jun 29, 2009 11:35PM
who the heck gave Denis his own show?! did he get into it with Michelle? and is he making the decision on who's on the show? a Madoff victim was on today and made no sense in what she was saying. she was probably the one who said that Madoff should be in Satan's 4th mouth. i didnt know Satan had a mouth!! CHANGE THE HOST! give CNBC REPORTS to Michelle if her head's not too far up her butt.
@13 - if it was Erin's bf, he's probably not man enough to marry her. probably a 'small' man who's using her as a piece of meat. FREE ERIN!
Posted by guest , Jun 29, 2009 11:53PM
@28,
No harm no foul. I'm reading my morning feeds and relaxing w/a beer and my new son while watching the beach (lotta good lookin things there) from my balcony. In short... i'm not retired, enjoying my 'remaining years' tremendously, and have never seen so much potential in one place. When I go out for beer n bbq tonite with friends this will make an entertaining story. Thanks.
Posted by guest , Jun 30, 2009 5:19AM
Perfect, we have no idea what Dennis Kneale is talking about either.
Posted by guest , Jun 30, 2009 6:32AM
@19
very sharp, now think about the audience that watches that junk and even agrees with what it's served by these clowns. No wonder we are all so fucked up.
Posted by guest , Jun 30, 2009 6:40AM
@10
most entertaining fantasy commentator.
Posted by guest , Jun 30, 2009 8:04AM
@32 I feel that there are 2 (or more) audiences for CNBC. There are plenty who watch with the volume off (unless something needs to be heard. Then there are those who sit in the CNBC choir, rocking back and forth, in full agreement with all being said. The problem with the on-air talent is that there is no real form of natural selection... kind of a cuntry club system that you're either in or you're not. It's not like CNBC ever has 'try-outs' for new people. That's true of pretty much most things on TV. However, most things on TV are not trying to sell themselves as the oracle of the financial universe. Maybe they are... maybe God is really cruel afterall.
Posted by guest , Jun 30, 2009 7:42PM
What's the deal with Maria Bartiromo these days? Is she pregnant or is she just starting to get really fat?
Posted by guest , Jul 01, 2009 9:17AM
@7, 12, etc...
your Great and Awesome Obama...
Obama implores senate to pass climate bill (cap and trade) - http://news.yahoo.com/s/ap/20090627/ap_on_go_co/us_climate_bill
And then after actually reading the proposal Obama warns against trade penalties in energy bill - http://www.nytimes.com/2009/06/29/us/politics/29climate.html?_r=1&ref=global-home
Shouldn't you read the legislation BEFORE imploring someone to vote for it?
Posted by guest , Jul 01, 2009 9:19AM
(@36 here, didn't mean to include @12 in that...still have had all my coffee)
Posted by guest , Jul 01, 2009 9:33AM
36 One would think from reading your comments that Obama is destroying a wonderful world created by eight years of repub rule, six of which were accompanied by a repub congress. The truth is very different. That was eight years of an economy based on nothing more than a fraudulent housing boom. Combined with a war of choice against a weak enemy that took all of six weeks to topple and happened to speak Arabic but was no threat to anyone, instigated just to fool the foolish (like you) into thinking that 9/11 was being avenged.
Posted by guest , Jul 01, 2009 9:43AM
@38
Wow, here we go...no Obama is not destroying a beautiful world that repubs created. He's destroying capitalism that took 223 years (4 days from now) to creat. But the biggest point was that he was supporting legislation that HE HAD NOT READ. Now as fara s the the fraudulent housing boom, who was it that made it so easy to get loans that weren't logical? Cause that was Clinton. I do no defend Bush in all of his actions. He was not a great president, but he did not ruin the US. Obama is a great speaker with little experience and that is showing.
Posted by guest , Jul 07, 2009 3:38AM
Dennis Kneale = DoucheBag. I can't listen to this idiot for more than 10 seconds without muting him or changing the channel. At least Larry Kudlow is moderately funny and dresses better, despite his Keynesianism.