The Entertainers of Financial News: Debunking the Myth of NBC's Impartiality

Undoubtedly and unfortunately, the days of relying solely on television for news are long gone. People have woken up to the reality that not only do they no longer need television, but they can recognize the manipulative tactics employed by networks like NBC. These networks are not just channels for unbiased news; they are playing ascamaimed at enriching the Globalist Progressive elite at the expense of viewers' well-being.

Misleading Claims of Impartiality

Believing that NBC is a real and unbiased news source is akin to having a clinically retarded understanding of media. Even those who may still be fighting their last battle against reality can acknowledge that NBC, like many other major media outlets, is in the pocket of the Globalist Progressive establishment. This alignment with a political persuasion has been so pervasive that even the most misinformed can see through the facade of impartiality.

The Question of Bias

The assertion that NBC is a left-leaning source is not without merit. However, the truth lies in the degree and the implications of this bias. While some may argue that it is only a slight left-leaning bias, it is worth noting that other sources like Fox News are often described as hyper-partisan and fairly inaccurate. The ongoing evaluation of media bias through Media Bias Chart can help us understand the accuracy of these claims.

The Irrelevance of Financial News

As a thought experiment, consider how relevant the financial news from NBC has been to long-term asset valuations. A quick look at CNBC's archives (2010 onwards) will reveal that while they focus on major events, the impact on markets is often short-lived.

2010 - Flash Crash: The Dow quickly dropped below 10,000, but the event soon faded from public memory. 2011 - Market Turmoil: Reports of market instability proved fleeting, with markets eventually rebounding. 2012 - Facebook IPO: The controversial IPO garnered attention but had no lasting effect on long-term investors. 2016 - Presidential Debate and 10-Year Treasury Yield: While these events may have sparked interest, their impact on long-term markets was minimal.

In 2020, CNBC frequently advocated for stocks to be purchased only to see the Dow nearly double in two years. This pattern of short-term speculation and subsequent market recovery suggests that immediate news events have little lasting impact on valuations. It makes one wonder whether the news outlets are more concerned with crowds than with providing useful information.

The Cost of Fear

Fear and panic have become the driving force behind many news stories. Private investors who have succumbed to this fear have often regretted not sticking to their long-term strategies. History teaches us that taking action based on worry and panic has led to losses in the past, and it will likely do so again in the future.

Conclusion

So, is NBC fake news? While it would be inaccurate to outright label them as such, it is clear that their focus on short-term events and sensationalism over long-term analysis is exploitative. NBC and other major financial news channels are in the entertainment business. They rely on viewer engagement, which often means spreading fear and gloom to maintain viewership. It is crucial for investors and consumers to critically evaluate the relevance and long-term impact of the news they consume.

Further Reading

Articles on CNBC vs Bloomberg Timely Reads on Investing Myths and Riches Insights from Adam Fayed's Podcast