The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
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Business News

A common question is which business news channel is best.  Like all good answers, it depends . . .

If you are a short-term trader, instead of an long-term investor, you might like the frenetic pace of CNBC.  (This is channel 25 on the Cox line-up.)  I find they are consistently reliable and good business journalists.  However, if I’m having a busy day and need to concentrate, I avoid the frenetic CNBC.

If you are a long-term investor, an economist, or a stodgy intellectual, you are more inclined to watch Bloomberg (channel 236).  It also provides much fuller coverage of international markets.

If you enjoy a dash of political nuance, try Fox Business News (channel 54).  This is the newest of the three.  It hasn’t hit its stride yet.  Some is very good coverage, while some is just silly.  In time, it will level out, but it will be more like CNBC than Bloomberg.

I normally begin my day about 5AM watching Bloomberg for its coverage of the Asian markets closing and the European markets opening.  At 6AM, I switch over to CNBC for a more detailed look at the expected opening of the U.S. markets.  By noon, I’ve usually returned to Bloomberg for the rest of the day.

But, one problem of watching business news is that there is ALWAYS some “expert” saying that the end of the world is near and, even worse, that the markets are going to crash.,  If it makes you nervous,  it is NOT WORTH WATCHING!  It is healthier to take a walk instead!