Macke isn't crazy, the system is...CNBS is the establishment and the banks and brokers that advertise on their network don't like truth...it's bad for business
I vaguely remember watching this. This segment needs a lot of context to be understood. If I remember this was just after the auto bailout and the show interviewed auto industry people earlier who were sounding the 'all clear.'(The only thing they could say- so it was irrelevant.)The Western banking system imploded and the Fed mortgaged a future inflationary Holocaust to bridge the gap and these fools were cheerleading the likely insolvent BoA issuing $13B of toilet paper.Do I have that right?
Also worth mentioning is that the auto guests were treated as if they had heavy duty stock picking cred with the questions they were asked. It truly was bizarre.
This was around the time Macke started calling the Fed to task for "Knee-capping the shorts." A very sad event if you like free market capitalism and like to see those with correct market calls make money, not get clubbed by the Fed. I believe that is what makes the markets 'rigged' and why 'Mack truck' moved on.
WHAT IS WRONG WITH JEFF MACKE??? I dont understand this video at all. lol He just lost it... was he fed up with not understanding or being able to predict the market or what??
@Trox118 Back when the world had half fallen apart and was TARPed / bailed out into a tax payer funded market rally there were essentially two camps of investors: One camp realized the actual implications of the financial crisis and was trying to talk about it honestly and the other camp was trying to shrug off the past 2 years as a "nothing to worry about" "just irrational sellers" dip in the markets. Dennis Kneale was one of the kings of the second camp and Macke was sick of hearing it.
watching this makes me think he had a short position which crushed him, short bac and gm i bet, and squeezed. i agree with what i think he's trying to say, but i also think he was losing it a little too the way he's trying to express it. anyway gl macke, glad to see you are back.
Jeff Macke saved me a lot of money during the market meltdown. He is saying the corporations were lying to the public. I am glad Macke is back! He keep telling people to not buy during that time and did not play the CNBC game.
I just heard about this video today after reading about Macke doing something now on Yahoo. Wow, what a great piece.... A man at the end of his rope live on national TV. Thank you.
I think what Jeff is trying to say is: the investment market is rigged, so why try to predict anything? You, the average person, are NOT important to this game. Your pension/IRA/401(k) means NOTHING to the major investment bankers around the world. What is important is: the top 1% of the wealthiest people in the world become wealthier because you're not paying attention to what they're doing.
Not sure weather to laugh or feel the chills down my spine cause Macke gone Cracky. Funny I have not seen Macke lately. I hope he is not pumpin gas somewhere, I liked him on Fast Money
wow, the more I watched this, the more I realized "crazy man" is actually right. He managed to not get his feed cut by saying it in this way, but what he's really said is that all this analysis is bullshit and lies and anyone still on that bus IS on the bus to crazy-town. But to say that live on the air either makes you look like you're in crazy town OR gets your feed cut due to "technical difficulties" ala Bill Murphy/CFTC/Andrew Maguire silver-fraud by JPMorgan
I understand perfectly, He has a good play on whats happenin and the fine group, cnbc got rid of him, he quit drinking the koolaid,
He, like me, understands that bailing out auto indutries is much like bailing out bankrupt banks,
We have, this yr. coming online in this country, auto's from china, and india, that will cost, in total, the same amount u would pay over the course of 6-7 yrs. for american and japnese,
Yes, but what I really want people to see is that there has been a number of these CNBC analysts that have been fired or have been in situations where they have views that conflict with the medias agenda. I am going to post a couple more of these videos with different analysts having these blowups.
@SamuraiCommando when i first saw Macke's meltdown i had to watch it many times starring at him cuz i knew i was witnessing either an elaborate hoax (not likely) or this shit was going down on TV - no in between existed based on this vid. a MSM guy on Fast Money, no less, had just gone from the ship's excited lookout boy to realization of reality in very short order and he really didn't know how to handle the emotional/mental turmoil vis a vis his job. it's still interesting today. thx!
Macke isn't crazy, the system is...CNBS is the establishment and the banks and brokers that advertise on their network don't like truth...it's bad for business
motavation69 1 week ago
I vaguely remember watching this. This segment needs a lot of context to be understood. If I remember this was just after the auto bailout and the show interviewed auto industry people earlier who were sounding the 'all clear.'(The only thing they could say- so it was irrelevant.)The Western banking system imploded and the Fed mortgaged a future inflationary Holocaust to bridge the gap and these fools were cheerleading the likely insolvent BoA issuing $13B of toilet paper.Do I have that right?
panderingpieholes 2 months ago
Also worth mentioning is that the auto guests were treated as if they had heavy duty stock picking cred with the questions they were asked. It truly was bizarre.
This was around the time Macke started calling the Fed to task for "Knee-capping the shorts." A very sad event if you like free market capitalism and like to see those with correct market calls make money, not get clubbed by the Fed. I believe that is what makes the markets 'rigged' and why 'Mack truck' moved on.
panderingpieholes 2 months ago
2 Car People watched this.
MrTrolololl 3 months ago
What the fuck was that?
nategiz95 4 months ago
CLASSIC
tubub 6 months ago
WHAT IS WRONG WITH JEFF MACKE??? I dont understand this video at all. lol He just lost it... was he fed up with not understanding or being able to predict the market or what??
Trox118 6 months ago
@Trox118 Back when the world had half fallen apart and was TARPed / bailed out into a tax payer funded market rally there were essentially two camps of investors: One camp realized the actual implications of the financial crisis and was trying to talk about it honestly and the other camp was trying to shrug off the past 2 years as a "nothing to worry about" "just irrational sellers" dip in the markets. Dennis Kneale was one of the kings of the second camp and Macke was sick of hearing it.
granolanutpunch 4 months ago
@Trox118 He's fed up with the retards who were blind to what was going on.
BassFXero 2 months ago
@Trox118 He was the only sane man in the room.
TiredOldFart 1 month ago
Cryptic rant, brilliant.
rhastaman1960 9 months ago
at 4:03, macke tries to say, "and i'll ask fritz" but gets cut off by dennis --- i'd love to hear that question/response to fritz.
what1111000 10 months ago
i love macke.
watching this makes me think he had a short position which crushed him, short bac and gm i bet, and squeezed. i agree with what i think he's trying to say, but i also think he was losing it a little too the way he's trying to express it. anyway gl macke, glad to see you are back.
what1111000 10 months ago
Macke crazy? I don't think so....Later..in the coming months....It will be all too apparent to everyone what Macke was going on about here...
emerson134 10 months ago
Jeff Macke saved me a lot of money during the market meltdown. He is saying the corporations were lying to the public. I am glad Macke is back! He keep telling people to not buy during that time and did not play the CNBC game.
gofigure2007 11 months ago
@gofigure2007 That was the same week all the automaker CEO's promised cars will get 100MPG in exchange for their bailouts.
TiredOldFart 1 month ago
I just heard about this video today after reading about Macke doing something now on Yahoo. Wow, what a great piece.... A man at the end of his rope live on national TV. Thank you.
mountainmango 11 months ago 5
This comment has received too many negative votes show
Macke should never be permitted to return. He is, was and always will be a loser.
Fecious1 1 year ago
I think what Jeff is trying to say is: the investment market is rigged, so why try to predict anything? You, the average person, are NOT important to this game. Your pension/IRA/401(k) means NOTHING to the major investment bankers around the world. What is important is: the top 1% of the wealthiest people in the world become wealthier because you're not paying attention to what they're doing.
MishuTaste 1 year ago
Not sure weather to laugh or feel the chills down my spine cause Macke gone Cracky. Funny I have not seen Macke lately. I hope he is not pumpin gas somewhere, I liked him on Fast Money
MrYatesj1 1 year ago
wow, the more I watched this, the more I realized "crazy man" is actually right. He managed to not get his feed cut by saying it in this way, but what he's really said is that all this analysis is bullshit and lies and anyone still on that bus IS on the bus to crazy-town. But to say that live on the air either makes you look like you're in crazy town OR gets your feed cut due to "technical difficulties" ala Bill Murphy/CFTC/Andrew Maguire silver-fraud by JPMorgan
ytgv3fc7 1 year ago
The guys on GLUE!!
rainslave 2 years ago
I understand perfectly, He has a good play on whats happenin and the fine group, cnbc got rid of him, he quit drinking the koolaid,
He, like me, understands that bailing out auto indutries is much like bailing out bankrupt banks,
We have, this yr. coming online in this country, auto's from china, and india, that will cost, in total, the same amount u would pay over the course of 6-7 yrs. for american and japnese,
Buy a new one every yr.
And U.S. auto indus.?
Bankrupt, just like us.
huskerbird1 2 years ago 3
Yes, but what I really want people to see is that there has been a number of these CNBC analysts that have been fired or have been in situations where they have views that conflict with the medias agenda. I am going to post a couple more of these videos with different analysts having these blowups.
SamuraiCommando 2 years ago 3
@SamuraiCommando when i first saw Macke's meltdown i had to watch it many times starring at him cuz i knew i was witnessing either an elaborate hoax (not likely) or this shit was going down on TV - no in between existed based on this vid. a MSM guy on Fast Money, no less, had just gone from the ship's excited lookout boy to realization of reality in very short order and he really didn't know how to handle the emotional/mental turmoil vis a vis his job. it's still interesting today. thx!
KnowledgeDriven 1 year ago
@SamuraiCommando subscribed!
pobaldy66 9 months ago
@SamuraiCommando u only have one video uploaded. are you still planning on this series?
pobaldy66 9 months ago
Comment removed
jimming 8 months ago
WTF? He's literally going insane on national TV. What's the meaning?
lcbaudar 2 years ago