CNBC Is Hazardous to Your Financial Health

If you want to lose all of your money, you could do worse than tune in to CNBC on a regular basis. The network is a cheerleader for an overvalued stock market and the Federal Reserve policies that have pumped it up - and which are steering the economy straight into another recession. Seven years after the financial crisis ripped across the globe, the world is mired in debt. This is particularly worrying since the "Debt Supercycle" that began 30 years ago is now supported only by the largesse of increasingly shaky central banks. Today the world is buried in more than $100 trillion of debt. Hanging over that is another roughly $700 trillion of derivatives. Is it any wonder many economies can't grow when they have to service all of that debt and face such systemic risk? Of course, the cheerleaders on CNBC have absolutely no clue about what is going on... and the dangers of this ignorance are too important to ignore. Yes, there are some thoughtful, experienced journalists working at CNBC like David Faber and Steve Liesman- whose pained expression when enduring his colleagues' hyperbole tells a story in itself. And Rick Santelli continues to point to the dangers of what the Fed is doing. Unfortunately much of the substance of Mr. Santelli's excellent reporting gets lost in his proclivity for ranting rather than reporting. But much of the rest of the staff just engages in mindless cheerleading of the markets or soft-pedaling questioning of equally clueless guests... Tags: CNBC , CNBC financial news , financial health , financial news sites to avoid , how to protect financial health , is CNBC trustworthy , Janet Yellen , The Fed To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post CNBC Is Hazardous to Your Financial Health appeared first on Money Morning - We Make Investing Profitable .