Thursday, September 9, 2010

Mike Pento Fired

Mike Pento Kicked Off CNBC For Telling Truth, As Dumb Money Manager Says "Nothing Is In A Bubble When People Want To Buy It"
9 September 2010
, by Tyler Durden (Zero Hedge)


Watch CNBC Vid

Today we got a freshly mindboggling example that CNBC is nothing but a propaganda machine reliant on fishing for the few remaining idiots among its audience.


Yet the piece de resistance is some guy named Joseph Balestrino who works as a Fixed Income market strategist for Federated, opens his mouth and to much CNBC praise says the most moronic thing ever uttered on cable TV (at least since the last Bernanke/Greenspan testimony): "nothing is in a bubble when people want to buy it." Yes.... You heard that right. Although maybe he is right, and everything in this world is insane when these kinds of intellectuals (we wonder if Mr. Balastrino has a Ph.D.) are not only are allowed to run money, but asked to come back to CNBC and feed the public yet dose after dose of the administration's version of the "truth."

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