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

By Edward Harrison On Jul 17, 2009

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.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills 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.

Links: 2009-07-17

CNBC denies culpability in Roubini as bull saga

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