A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from July 07, 2015
Bubblevision (bubble + television)

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.”
 
   
Wikipedia: CNBC
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.
 
Fleckenstein Capital
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
Author: irbyj
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
Author: niteguy
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
Financial link
Brad
1/5/01
(...)
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?
e_turd
1/9/02
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.
   
Google Books
Greenspan’s Bubbles:
The Age of Recklessness at the Federal Reserve

By Bill Fleckenstein with Fred Sheehan
Maidenhead: McGraw-Hill Professional
2008
Pg. 32:
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.
 
Google Books
The Dick Davis Dividend:
Straight Talk on Making Money from 40 Years on Wall Street

Hoboken, NJ: John Wiley & Sons, Inc.
2008
By Dick Davis
Pg. 142:
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).
 
Twitter
Nathan Rudyk
‏@NathanRudyk
It’s about time. Jon Stewart takes the piss out of CNBC BubbleVision http://bit.ly/NZYd
9:18 AM - 9 Mar 2009
 
Twitter
oɾɐɹɐʞ lɐ ™
‏@alkarajo
$$ CNBC == Bubblevision
12:36 PM - 27 Apr 2009
 
Twitter
Aspen Trading Group
‏@aspentrading10
Prechter coming up on ‘Bubblevision’ - I mean CNBC that beacon of unbiased financial journalism
2:19 PM - 17 Aug 2009
 
Twitter
Michael J. Panzner
‏@mjpanzner
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
 
Twitter
Jordan S. Terry
‏@The_Analyst
@tvjournal I like how CNBC just made the “bubblevision” moniker even more appropriate ahahaha
3:41 PM - 1 Mar 2010
 
Twitter
Jesse Felder
‏@jessefelder
Bubblevision Drama: CNBC Guest Tells Truth, Calls Cramer Shallow, Is Yanked Off Air http://bit.ly/deigz1
2:57 PM - 16 Apr 2010
 
Twitter
johngaltfla.com
‏@johngaltfla
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
 
Bearish News
DECEMBER 19, 2010|POSTED BY ADAM SHARP
Peter Schiff attempts to educate Bubblevision viewers
Mr. Schiff doin this thing on CNBC.
 
Twitter
Cory Johnson
‏@CoryTV
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
   
Zero Hedge
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.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Tuesday, July 07, 2015 • Permalink


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