The Oil Drum

These days I watch MSNBC in the morning. The Financial reporter was apparently hired because she is cute - she repeatedly says things that are either stupid or misleading. I am guessing that she just parrots the thinking of the folks on Wall St. without really understanding it very deeply.

Last week she had a comment to the effect that "people should be aware that if we try and clean up the lead paint issues, that prices at wal-mart will increase". Well she got beat up over that one, and Jon Stewart even made fun of it.

This morning she was ragging on all of the talk of reducing foreign imports, and how most of our imports come from Canada and Mexico, and little comes from other countries. Almost like she was saying that it was all a fuss over nothing I guess. Apparently nobody bothered to tell her what 'fungible' means.

She was also talking about how the financial community was relieved that the hurricane was missing U.S. oil & gas rigs in GOMEX, but she never stopped to consider that it was going for Mexico's, and what that might mean.