This clip from CNBC is, in my view, an example of the appalling disservice done to TV viewers every day, everywhere, by the bubble heads who appear to dominate in that medium.
Billed as: "Predicting Crisis: Dr. Doom & the Black Swan", guests Nouriel Roubini ("Dr. Doom") and Nassim Taleb ("The Black Swan") are given little opportunity to clearly state their respective theses or make a reasoned case in support of anything.
Instead, they are asked ludicrous questions like: what advice they might have for someone with a newborn who wants to invest in a college fund.
At one point, the female host simply wittered on about something....I'm not sure exactly what. When Roubini said nationalising banks that have failed was the answer, they virtually talked over him in their rush to change the subject. Similarly, they were unable to grasp Taleb's central thesis that the people who couldn't see the crash coming were the wrong people to have driving the recovery.
The interview was essentially useless as anything other than a prompt for any viewer who wanted to know more to go to some more serious medium and get the whole story. It certainly wasn't to be had on CNBC. Not seriously and not today, anyway.
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