Listening to CNBC Can Be Hazardous to your Financial Health

CNBC was “Bubbly bubbly!” during the top of the bubble in 2007.  And, if you recall, they were Wall Street apologists in 2008 when warning signs were everywhere.  Their broadcasts continued to re-assure the mindless (their viewers) that all was well.  The few who were warning of the impeding train wreck were labeled as doomsayers and disconnected with “The Street.”

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