CNBC makes us laugh
March 06, 2009 2:38 pm ET by Eric Boehlert
Wednesday's online headline from CNBC's incessant Street cheerleader, Larry Kudlow:
"Recovery Indicators Are Being Ignored"
This afternoon's headline from WSJ.com:
"Recession Job Losses Top Four Million"
The Journal lead:
The U.S. economy continues to hemorrhage jobs at monthly rates not seen in six decades, a government report showed, signaling that there's still no end in sight to the severe recession that has already cost the U.S. over four million jobs.
But yes, by all means listen to Kudlow.
I'm not at all sure what's being talked about here, so I clicked the CNBC link, and only started to read the kudlow thing...
...and I know FUNNY when I see it!
Leading the third paragraph, kudlow has:
"Housing affordability is at a record high."
Awesome good news!
Most folks would have said something more along the lines of "the real estate market has crashed and caused home prices to plummet"...
But that's just talking and thinking negatively: not only homes, but capital issues on Wall Street too, are now more affordable than ever!
Good News: "Housing affordability is at a record high!"
Stock market affordability too! Let's celebrate!
(And everybody has heard the joke about the insanely optimistic Captain of the Titanic, who informed the passengers "Not to worry folks, everything is OK: we're just stopping to take on some ice is all.")