CNBC's Erin Burnett Slams Europac Clown Michael Pento - 'Michael, You Are So Rude!'

CNBC's eloquent and elegant anchor, our Money Honey Erin Burnett, is not too amused by the rude antics of Michael Pento on her show and delivers her contempt in a straightforward fashion.

Michael Pento recently joined Europac as Senior (Senseless) VP and Senior (Senseless) Economist - its amazing that it took so long for him to get into bed with Peter Schiff since they share so many characteristics, namely:
- Being rude in interviews to hosts / moderators and guests alike; misconstruing shouting over the hosts and guests as "winning" an argument or debate
- Plain ignorant about economics and finance
- Parroting erroneous conclusions and hot air rhetoric, that are not in any way supported by empirical evidence
- Constantly dishing out erroneous financial / investment advice
- Possessing an eerie horse face semblance (you might conclude they are long lost brothers).

That aside, Michael Pento makes a complete fool out of himself in this interview:
1) He professes in the interview that the Fed sets interest rates -- and then contradicts himself by saying that interest rates will be forced to rise if no one subscribes to US treasuries. Wrong on both counts -- the "Coupon" on US treasuries is usually fixed and set by the issuer (the issuer can set any coupon it wishes regardless of demand); "Interest rates" are set by the Fed, that is the Fed's primary mandate.
2) He can't even distinguish the role of a moderator - and challenges Erin Burnett to answer his questions - to which she rightly replied "No I don't (have to answer your questions), I'm the moderator". What a clown and complete disgrace to the financial services industry this man is.

Just the type of lunatic talent Europac would acquire.

Category:

Comedy

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