Jim Rogers Calls CNBC a PR Agency Whose Sole Purpose Is To Make Stocks Go Higher

A “cheeky” Jim Rogers appeared earlier on CNBC Europe (which incidentally is orders of magnitude better than its US equivalent), and confirmed the depths to which the once relevant and informative TV station has now fallen. In a discussion over the European Stress BS, the topic turned to the role of PR agencies when it comes to shaping popular perceptions, at which point this slipped: “The whole purpose of PR is to make stocks go higher. That’s what CNBC and many many PR agencies are all about. Yes, they make things look better for a while. Are they really better? No.” Propaganda, in other words.