The financial television network CNBC has often been criticized for cheerleading its viewers into buying stocks, which helps to create a stock bubble. Bill Fleckenstein of Fleckenstein Capital wrote in “Spinning Financial Illusions – The Story of Bubblenomics” on October 1, 1999:
“Third, television (and here I mean CNBC primarily – a/k/a Bubblevision) has helped seduce the public into an overconfident state bordering on arrogance. Folks are now certain that they possess the know-how and have earned the right to be rich.”
In Fleckenstein’s book, Greenspan’s Bubbles: The Age of Recklessness at the Federal Reserve (2008), he wrote, “CNBC (or ‘Bubblevision,’ as I nicknamed it in 1999).” The nickname “Bubblevision” (or “bubblevision") has also been used by many other financial writers.
A similar term to “Bubblevision” is “Tout TV.”
CNBC is an American basic cable and satellite business news television channel that is owned by NBCUniversal News Group, a division of Comcast Corporation. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets; following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
October 1, 1999
Spinning Financial Illusions – The Story of Bubblenomics
Presented by William A. Fleckenstein
Third, television (and here I mean CNBC primarily – a/k/a Bubblevision) has helped seduce the public into an overconfident state bordering on arrogance. Folks are now certain that they possess the know-how and have earned the right to be rich.
The Motley Fool
Subject: Re: achmm apple fantasy options
Date: 10/15/1999 12:30 PM
(is anyone else here bothered by how CNBC is constantly blaming stock declines on “profit taking”? The stocks could be on a downward slide, pop up for a day, and close BELOW its open, yet they’d call it “profit taking”. it’s like their failsafe excuse for a stock going down w/o actually knowing why)
Ignore BubbleVision (CNBC). It rots the mind.
The Motley Fool
Subject: CNBC = Bubblevision
Date: 11/6/2000 12:32 PM
I think it was probably on the Motley Fool website that I first heard CNBC referred to as “Bubblevision.” I also read about the trap that one can fall into by watching CNBC, which is to place too much importance on real-time events that are occurring in the markets.
Google Groups: alt.religion.deism
This is not the type of information you will see on the evening news or CNBC(bubblevision). This is an excellent essay and very sound advice.
Google Groups: misc.invest.stocks
Does anyone else get the feeling that CNBC is covering up?
I CNBC has for several years been known as bubblevision but I thing that lately it has become worse. It feels as if they are doing everything they can to get people to buy.
The Age of Recklessness at the Federal Reserve
By Bill Fleckenstein with Fred Sheehan
Maidenhead: McGraw-Hill Professional
Third, the popularity of business and finance programming such as that at CNBC (or “Bubblevision,” as I nicknamed it in 1999) helped seduce the public into an overconfident state of knowledge bordering on arrogance.
The Dick Davis Dividend:
Straight Talk on Making Money from 40 Years on Wall Street
Hoboken, NJ: John Wiley & Sons, Inc.
By Dick Davis
CNBC’s credibility was seriously compromised, and it was derisively labeled “bubble vision” and “tout-TV.” In the postbubble years of 2000—2004, daytime viewership of CNBC dropped 60 percent from its peak (Barron’s Online, January 12, 2005).
It’s about time. Jon Stewart takes the piss out of CNBC BubbleVision http://bit.ly/NZYd
9:18 AM - 9 Mar 2009
oɾɐɹɐʞ lɐ ™
$$ CNBC == Bubblevision
12:36 PM - 27 Apr 2009
Aspen Trading Group
Prechter coming up on ‘Bubblevision’ - I mean CNBC that beacon of unbiased financial journalism
2:19 PM - 17 Aug 2009
Michael J. Panzner
No Longer Tout TV?: Although CNBC has been called “tout TV,” “bubblevision,” and an “infomercial for corporate .. http://bit.ly/7cGbSO
4:06 PM - 11 Dec 2009
Jordan S. Terry
@tvjournal I like how CNBC just made the “bubblevision” moniker even more appropriate ahahaha
3:41 PM - 1 Mar 2010
Bubblevision Drama: CNBC Guest Tells Truth, Calls Cramer Shallow, Is Yanked Off Air http://bit.ly/deigz1
2:57 PM - 16 Apr 2010
BOJ injecting $2 trillion yen into money market funds to meet liquidity requirements-breaking on Bubblevision 1, aka CNBC
7:33 PM - 6 May 2010
DECEMBER 19, 2010|POSTED BY ADAM SHARP
Peter Schiff attempts to educate Bubblevision viewers
Mr. Schiff doin this thing on CNBC.
BubbleVision! “I was there when they were selling tulip bulbs in 1634—THAT was a bubble.” #tulipmania shoutout! http://bloom.bg/eW0zuW
12:07 PM - 10 Mar 2011
Circular Bubble Logic
Submitted by Tyler Durden on 11/22/2013 12:51 -0400
Some have suggested that the surge in “bubble-talk” implies there can be no popping of the bubble, Pater Tenebrarum has a different perspective…
Submitted by Pater Tenebrarum of Acting-Man blog,
Interest In Bubbles Makes them Disappear – Like Magic
There comes a time in every bubble’s life when participants who have a stake in its continuation have to employ ever more tortured logic to justify sticking with it. We have come across an especially amusing example of this recently. “Good news!” blares a headline at CNBC “Bubble concern is at a 5-year high”. Ironically, since at least 1999 if not earlier, the source of this headline has been referred to as ‘bubble-vision’ by cynical observers (or alternatively as ‘hee-haw’ ).
David Stockman’s Contra Corner
Payroll Friday——Bubblevision’s Live Action Romper Room
by David Stockman • May 16, 2015
Payroll Friday puts you in mind of a live action Romper Room. The bubblevision children get big-eyed month after month—even as they hear the same old fairy tale from the BLS. And make no mistake, the headline jobs number is tantamount to fiction, even as it parades as science.
New York City • Banking/Finance/Insurance • Tuesday, July 07, 2015 • Permalink