07/30/10 Alexandria, Virgina —
The market cheerleaders at CNBC caught a dig from Quantum Fund co-founder and investment biker Jim Rogers this week. In a Tuesday interview with the famous investor, Rogers made a couple choice comments. First, he explained his perspective on the EU banking system stress test:
“…the European stress test was a total waste, I mean, I know you have to talk about something on CNBC and in the press, but that was a total waste… that was just PR and little else.”
Already on a tear, he took his criticism a step further… because the EU isn’t the only propaganda machine in town. He then called out the interviewing TV network for its own special role in the market:
“I said it was PR… they got the stocks up, that’s the whole purpose of PR, make the stocks go higher. That’s what CNBC and many, many PR agencies are all about.”
You can see the video below, which came to our attention from The Daily Bail in its post on Jim Rogers calling CNBC a public relations agency for stocks.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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