Oddbean new post about | logout
 We knew their capitulation would be glorious. The CNBC arc is hilarious. Cuious, then skeptical, then mocking, the dismissive, then half snarkily/half in disbelief wondering if it might be a safe haven asset, then celebrating its corrections and snarky again, and now hesitantly declaring it a store of value. 

That's not even bringing Kramer into the mix. 

This is why "doing your own research" in this emerging clown world is essential. Never take the talking heads at face value. Think of all unfortunate people that look to them for analysis and guidance.