Plane Ticket from New York to Shanghai and 4 Nights in the St. Regis? $1500. Knowing What you are Speaking about on CNBC? Priceless.

Everyone who gets on CNBC these days speaks about the Chinese economy, Chinese demand or something else related to China.

There isn't a market analyst, stock analyst or even an anchorperson on CNBC who can speak about anything related to the US economy without stating something like "this is the way to play to China", that "this or that has great Chinese exposure", or, my own personal favorite, "the US economy is very weak and demand from the US will be very weak, but there are 1 billion Chinese who want this thing,"

Tim Seymour seems to be the only person on TV who understands China or any of the emerging markets at all.  And, while I don't share his unbridled optimism, he regularly travels to these places so his perspective is valuable.  Erin Burnett has also been to these places so also has some credibility (even though she is always asking Mark Haines the same questions that my 5 year old daughter asks). 

CNBC should put some minimal requirements on everybody else who appears before the camera.  Since they don't, here is my recommendation to every one of them:

Get on an airplane.  Go to China.  Stay there for 4 nights.  Even stay in the St. Regis.  You don't need any itinerary.  Nor do you need any meetings.  It is only going to cost $1500.  Pay for it from your TARP-backed bonuses or write it off.

When you get back you are going to want to sell everything.

Meanwhile, I am shorting everything that Jim Cramer screams about after he came out last night and said "you need to own Baidu and sell Google".

Jason Rodgers
Jason Rodgers: Jason Rodgers was an experienced research analyst for a major bank prior to retiring to run his own investment consultancy in beautiful Lihue, Hawaii. Jason contributed articles to BestCashCow from 2008 to 2014.

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Comments

  • DavidCV

    March 26, 2010

    Too bad, you don't know what you are talking!
    People trade against based on prejudice. But even you are here in the U.S you didn't predict the stock market to plunge.
    I have not been to China but I made money out of Chinese stocks.Go figure.Unless you are moron , you need to go there.I have not left U.S but a lost a lot of money in my 401K in U.S stocks.

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