Friday, September 30, 2011

Barmy & Bonkers Bloomberg and other such 24 hour financial news TV stations!

I sometimes keep Bloomberg or CNBC TV stations on as background noise as I type out my own vague ramblings, some of which appear on this blog.

Around noon CET today, Bloomberg, really excelled in a surreal report on Morgan Stanley, recounting how that financial institution was now a greater risk than some European Banks according to its CDS ratings, it then explained this as being due to its high exposure to the french banking sector Société Generale and BNP Paribas. It then turned to a studio guest for expert analysis, no less a person than an employee of Société Generale, John Guanera for guidance! Surprise, surprise Mr Guanera quite likes Morgan Stanley, well bless my soul!

Could this interview soon be a candidate for this blog's new feature "Anguished Analysts and Tormented Tipsters"?

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