As someone that has an above average financial understanding, I find it appalling that both networks are littered with advertisements for things like Critical Warning #6, Reverse Mortgages and Red-Green Stocks trading platform, which by the way promises to provide a return that the traditional buy and hold won't provide.
I get that this is a business and these networks (TV, Radio, Streaming, etc.) need to make money. But, shouldn't these networks fulfill some sense of responsibility when it comes to providing business and financial news to a wide array of investors? To people that work in finance, these advertisements are annoying, belittling, and ignored.
To the novice investor, they are far more dangerous. Maybe I'm just feeling sensitive lately.
Those of us who do not have an "above average financial understanding" do not waste our time watching pop finance new stations because they are far too sophisticated for us.
Well that is inaccurate. Why do you think the push for Cramer, Suzie Orman, etc.? Bloomberg is probably less so than CNBC, but given the fact that it constantly has people on the channel telling investors what they think will happen or what investors should do, there has to be some retail interest. No?
Sarcasm. My real point is that the content is so diluted (more so referring to CNBC) that anyone who considers themselves to have an "above average financial understanding" as you so claimed shouldn't really waste their time watching it except for purposes of background noise, updates on current events, and pure entertainment value (which it offers little).
I usually try to simplify things by primarily reading The Economist. I do not recall any of those types of adds, but every other page seems to have an add for GS.
I guess the need for advertising $$$ knows no bounds. For me, the content of these channels is mostly background noise as I chow down my breakfast...
CNBC was banned from the workplace after one of our IT guys was caught beatin' it to Mandy Drury.
At least it wasn't Maria.
Seema Mody- smokepatrol
She can take a D
Do people actually consider CNBC journalism?
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