Dear Dylan: I read about your fiery departure from CNBC, and that’s the only way I would have heard about it because I stopped watching CNBC around January 2008.

Part 1

CNBC’s Jane Wells posted an entertaining parable sent to her explaining how the stock market works:

There’s a reason Larry Kudlow is a star on CNBC: he sparks debate by taking hard lines on market issues, or really any issues. Like last year during an entertainment industry riff when he declared that all rap music is misogyny and violence “up and down the line.” This example helps explain the problem with [...]

Berkshire Hathaway CEO and market oracle Warren Buffett Told CNBC today that U.S. inflation is “exploding” … such a statement from a credible source makes a great headline. Will it surpass the Fed decision (see our previous story from today on Fed rate decision and discussion of inflation) in it’s market influence? Hasn’t so far, [...]

The S&P Case Shiller April 2008 report of existing home sales showed record 15.3% price declines averaged across 20 major cities (see table below), with all 20 cities declining. Home prices are now down 17.8% from 2006 and close to 2004 levels.

Former Fed Chairman Alan Greenspan has been out in full force this week defending his monetary policies amidst growing criticism that his decision to keep the Fed Funds Rate at 1% from July 1, 2003 through June 30, 2004. He wrote a rebuttal to critics in the Financial Times, and then did an interview with [...]

On Tuesday, March 11, CNBC Mad Money host Jim Cramer said that Bear Stearns was fine. On Sunday, March 16, JP Morgan Chase announced a bid to take over Bear Stearns for $2 per share with the Federal Reserve as a backup to help with liquidity on bad Bear Stearns debt. This week, Fox Business [...]

In a rare piece on the relationship between mortgage bonds, treasuries and Fed rates, CNBC finally alludes to the fact that mortgage rates don’t drop on Fed cuts. They even dared to say that mortgages bounced up a following some Fed cuts since September. Correction: Mortgage rates have risen after the last five Fed cuts. [...]

This week, The Daily Show continued it’s parade of second-rate talent since A-list talent (rightfully) won’t cross a picket line to appear on the show. CNN’s personal finance editor Gerri Willis was on to: “decipher the gibberish that can be heard on other financial programs.” But she was the one spitting gibberish. After reviewing a [...]