Submitted by QTR's Fringe Finance
About five years ago, I decided I wanted to start a podcast, well before I ever started this blog. I had been offering up my terrible takes on the economy via my Twitter account exclusively until then, but became motivated to start a podcast because the economic iconoclasts and Austrian thinkers that I wanted to hear from never got the play they deserved in the mainstream financial media.
My distain, distrust and general disgust for financial media reached a peak in 2016 when CNBC’s Fast Money invited Bill Fleckenstein on the air to offer up his take on the macroeconomy and why the Fed-fueled market was “un-shortable”. Bill is a well-known advocate for the Austrian school and has been highly critical of the Fed and central banking policies.
Conversely, CNBC, in my opinion, has a long track record of celebrating anybody who is bullish about anything, for any reason, without asking pointed questions, being skeptical, challenging the status quo or holding anyone accountable for missed calls. Behold, exhibits A through C.
Exhibit A
Exhibit B
Exhibit C
Except for one day in 2016, when Fast Money’s Tim Seymour suddenly decided he wanted to do all of the above after the show invited Mr. Fleckenstein to discuss why the market was unshortable. Rather than welcoming Bill’s contrarian viewpoint, Seymour opted to label him "pathetic" on air and took a swipe at him for consistently being long on gold and silver miners. You can watch the semi-heated exchange here, in this...(WATCH THE VIDEO AND READ THE FULL ARTICLE).
