Denninger accuses CNBC of falsely goosing market on Roubini’s back

| 17 July 2009 07:31

Here is a video released by Karl Denninger of Market Ticker in which he shows exasperation with CNBC’s pro-bullish bias.  He notes that CNBC used comments by Nouriel Roubini to suggest the economy is rebounding faster. Denninger sees this as a pattern at CNBC and brings up prior incidents of a similar nature.

For his part, Roubini was also distressed about this and has released a statement on his site that is in this morning’s links refuting the characterization of his comments given on CNBC.

The market had rallied on the back of the CNBC story.

Hat tip Barry Ritholtz.

 

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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