Denninger's Trojan Horse

trojan-horse

The silly war between the financial blogger community and CNBC’s Dennis Kneale was just decided tonight, with very little bombast I might add.  Kneale, the former magazine* editor-turned-pundit lost, and he probably doesn’t know it yet.
(* Kids reading this in college, I’ll explain what a magazine is/ was later)

Karl Denninger, who is good for at least one freaked-out meltdown per week on his highly enjoyable site Market-Ticker did something very sly and clever on Dennis Kneale’s show this evening…

As Dennis Kneale launched into his bloggers-as-anonymous-antichrists thing, Karl leaned calmly against the ropes, Ali-like, awaiting his opening.

And then Kneale gave him that opening to make the one point that all the bloggers are trying to make amidst the whole controversy:

Dennis Kneale:  Karl do you think it allows stock manipulation to happen at all, the anonymity?

Karl Denninger:  I think the stock manipulation is happening within the network reporting environment far more than it does within the blogosphere.

K.O.  End of story.

This is literally all the bloggers are trying to get across in their criticism of the financial networks, personal attacks and nastiness aside.  And Karl got on the network itself to say it.

Denninger made this point and that was it for his appearance, he was yanked off the stage as though with a vaudevillian cane hooked around his neck.  But the point was made, nonetheless.

See, there’s no need for there to be a war between finance bloggers and CNBC or any of the mainstream financial media.  If only the networks would wake up to the fact that there’s an infinite amount of intelligence coming from our community (along with the bad, admittedly), we could work together to give the viewing/ reading public a more balanced, well-reasoned discourse than what’s currently available.

Packing the airwaves with sell-side analysts and mutual fund managers who only know how to talk their mostly long-only books is so 90’s.

And I’m sure that Dennis Kneale is a nice guy off-set and means well, but giving him a nightly forum to trash the most important up-and-coming voices in financial journalism is the dumbest thing I can think of.  Who’s allowing/ encouraging this needless battle?

Embrace the bloggers, CNBC, and bring in some opinions from outside the mutual fund/ asset gathering complex.  It is your destiny.

Below is the segment in question from CNBC:

[vodpod id=Groupvideo.2946553&w=425&h=350&fv=]

What's been said:

Discussions found on the web
  1. Jay (market folly) commented on Jul 13

    Sadly, I think CNBC are only doing this to get people talking and posting about the channel. Kneale is just their puppet they they dangle around to cause controversy. This largely ties in with their whole “arguments allowed all over the place” that their production staff encouraged with octaboxes and talking all over each other. So, they succeeded in getting people to talk about the network. Unfortunately, it’s negative talk and they don’t seem to realize that. “Any publicity is good publicity.” Yea… right.

    It’s a sad day when the channel is so irrelevant that they have to stoop to these antics to get people talking about them. All they’re good for is breaking news and a rare interview with someone you want to hear from every once in a while.

    Jay

  2. Jay (market folly) commented on Jul 13

    Sadly, I think CNBC are only doing this to get people talking and posting about the channel. Kneale is just their puppet they they dangle around to cause controversy. This largely ties in with their whole “arguments allowed all over the place” that their production staff encouraged with octaboxes and talking all over each other. So, they succeeded in getting people to talk about the network. Unfortunately, it’s negative talk and they don’t seem to realize that. “Any publicity is good publicity.” Yea… right.

    It’s a sad day when the channel is so irrelevant that they have to stoop to these antics to get people talking about them. All they’re good for is breaking news and a rare interview with someone you want to hear from every once in a while.

    Jay

  3. Jay (market folly) commented on Jul 13

    Sadly, I think CNBC are only doing this to get people talking and posting about the channel. Kneale is just their puppet they they dangle around to cause controversy. This largely ties in with their whole “arguments allowed all over the place” that their production staff encouraged with octaboxes and talking all over each other. So, they succeeded in getting people to talk about the network. Unfortunately, it’s negative talk and they don’t seem to realize that. “Any publicity is good publicity.” Yea… right.

    It’s a sad day when the channel is so irrelevant that they have to stoop to these antics to get people talking about them. All they’re good for is breaking news and a rare interview with someone you want to hear from every once in a while.

    Jay

  4. Fred commented on Jul 13

    That could have been an interesting discussion. Too bad kneale wasn’t interested in interesting.

  5. Fred commented on Jul 13

    That could have been an interesting discussion. Too bad kneale wasn’t interested in interesting.

  6. Fred commented on Jul 13

    That could have been an interesting discussion. Too bad kneale wasn’t interested in interesting.

  7. Karl commented on Jul 14

    “Freak-out” is now the definition for economic analysis and the truth?

    Have a look at today’s entry for an example.

    Folks, the math is never wrong, despite the pumping and pimping of the mainstream media and our government.

    Wise up and wake up.

  8. Karl commented on Jul 14

    “Freak-out” is now the definition for economic analysis and the truth?

    Have a look at today’s entry for an example.

    Folks, the math is never wrong, despite the pumping and pimping of the mainstream media and our government.

    Wise up and wake up.

  9. Karl commented on Jul 14

    “Freak-out” is now the definition for economic analysis and the truth?

    Have a look at today’s entry for an example.

    Folks, the math is never wrong, despite the pumping and pimping of the mainstream media and our government.

    Wise up and wake up.

  10. Uruguay Real Estate Guy commented on Jul 14

    Your description of what went down is hilarious. A bunch of tin-foilers thought that the length of the segment was “engineered” somehow, but I doubt it….The real “tell” will be if they ever have him back. And, despite the interest that segment would bring an otherwise really uninspired show, I think not.

    See, the weird thing about this is….if Kneale gets knocked out and no one is there to see it, did he really get knocked out?

    Sure, it will live on, fueling the hopes of those that are already trolling the blogosphere and youtube, etc., but it seems like those that the message most desperately needs to reach will be insulated from any such naysaying as they tune in Larry Kudlow day after day.

    Oh well, truth be told, every trade needs another side.

  11. Uruguay Real Estate Guy commented on Jul 14

    Your description of what went down is hilarious. A bunch of tin-foilers thought that the length of the segment was “engineered” somehow, but I doubt it….The real “tell” will be if they ever have him back. And, despite the interest that segment would bring an otherwise really uninspired show, I think not.

    See, the weird thing about this is….if Kneale gets knocked out and no one is there to see it, did he really get knocked out?

    Sure, it will live on, fueling the hopes of those that are already trolling the blogosphere and youtube, etc., but it seems like those that the message most desperately needs to reach will be insulated from any such naysaying as they tune in Larry Kudlow day after day.

    Oh well, truth be told, every trade needs another side.

  12. Uruguay Real Estate Guy commented on Jul 14

    Your description of what went down is hilarious. A bunch of tin-foilers thought that the length of the segment was “engineered” somehow, but I doubt it….The real “tell” will be if they ever have him back. And, despite the interest that segment would bring an otherwise really uninspired show, I think not.

    See, the weird thing about this is….if Kneale gets knocked out and no one is there to see it, did he really get knocked out?

    Sure, it will live on, fueling the hopes of those that are already trolling the blogosphere and youtube, etc., but it seems like those that the message most desperately needs to reach will be insulated from any such naysaying as they tune in Larry Kudlow day after day.

    Oh well, truth be told, every trade needs another side.

  13. Karl commented on Jul 14

    Naw, there was no engineering. I knew what they wanted to talk about before I went to the studio.

    I didn’t expect to get preempted, but that’s television – happens all the time.

    This wasn’t exactly my first dance, if you know what I mean :->, and I’ve made clear to CNBC that I will make myself available any time they’d like me back, despite the fact that the remote where I have to travel to in order to appear is a bit over an hour away.

  14. Karl commented on Jul 14

    Naw, there was no engineering. I knew what they wanted to talk about before I went to the studio.

    I didn’t expect to get preempted, but that’s television – happens all the time.

    This wasn’t exactly my first dance, if you know what I mean :->, and I’ve made clear to CNBC that I will make myself available any time they’d like me back, despite the fact that the remote where I have to travel to in order to appear is a bit over an hour away.

  15. Karl commented on Jul 14

    Naw, there was no engineering. I knew what they wanted to talk about before I went to the studio.

    I didn’t expect to get preempted, but that’s television – happens all the time.

    This wasn’t exactly my first dance, if you know what I mean :->, and I’ve made clear to CNBC that I will make myself available any time they’d like me back, despite the fact that the remote where I have to travel to in order to appear is a bit over an hour away.