Bloomberg TV

Monday, June 27, 2005

Behold...the Death Star

One of the worrying aspects of watching Bloomberg as of late has been the dearth of commentators who espouse cautionary views about the state of the US economy, like Stephen Roach's "endgame" or Nouriel Roubini's "hard landing."

It's understandable that a business news channel would find it more appealing ratings-wise to have guests with sanguine outlooks, but it's getting rather late in the game with prospects not looking terribly good all the time. Housing bubbles, newly-elected Iranian hardliners, skyrocketing oil prices, and the continuing dismemberment of American automotive and airline industries are but a few of the many concerns right now. Reality is grim, and the Death Star is in plain sight.

I do hope that Michael Bloomberg's political affiliations do not skew Bloomberg TV's editorial stance. We don't need a TV version of the Wall Street Journal's editorial pages. Instead of having John Snow and Elaine Chao for the umpteenth time, why not have more guests with grimmer but less self-interested viewpoints? If the overwhelming tide of "don't worry, be happy" guests doesn't fade, then there will be little difference left between Bloomberg TV and CNBC. Real news is about reality good and bad; if you don't agree, there's always Fox News.

Posted by Emmanuel |

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