Jim Cramer on the Omicron variant and vaccine mandates

So it's time to admit that we have to go to war against COVID.  Require vaccination universally.  Have the military run it.  If you don't want to get vaccinated, you better be ready to prove your conscientious objector status in court.

~ Jim Cramer, CNBC's "Mad Money," November 29, 2021

(Quote in "CNBC host suggests nationwide vaccine mandate: 'Have the military run it'," The Hill, November 30, 2021

Janet Yellen: "inflation expectations look quite well contained"

Measures of inflation expectations, I think, look quite well contained over the medium term.  Those expectations are actually the driver of price-setting behavior.  And so it is important that we monitor it carefully, but I believe fundamentally this is something that will settle down.

~ Janet Yellen, Treasury Secretary, interview with CNBC's Sara Eisen, July 15, 2021

After the GameStop short squeeze, Andrew Ross Sorkin asks Ken Griffin if the markets are "fair"

Sorkin: Let me ask you a maybe more meta question about all of this, which is, do you believe that the markets unto themselves are completely fair and when I, when I say fair, do you believe that my mother has the same opportunity to make money in the market, as you do?

Griffin: It all comes down to a matter of horizon and strategy.  It’s like asking if I went and play golf this weekend with Tiger Woods, would I win.  Of course not.  But there are various ways to compete with Tiger Woods off a golf course and do very well.  I’m not gonna play him on his game, on his course.  Your grandmother might be very aware of a change in technology or otherwise that will impact our economy.  She might look at the car you drive five years and go, hmm, Andrew bought a Tesla.  And I think EVs (electric vehicles) are the future of America and I’m going to buy Tesla stock.  And if she bought Tesla stock five years ago, she would have made a lot more money than we made at Citadel.  So, I never underestimate the skill of the American retail investor at understanding emerging trends, where real wealth is created and their ability to take advantage of that wealth transformation.

~ Ken Griffin, "Citadel Founder & CEO Ken Griffin Speaks with CNBC’s 'Squawk Box' Today," CNBC, February 19, 2021

Kevin Duffy calls out CNBC hypocrits over GameStop madness

I'm tired of the crybabies on CNBC who pimped for massive stimulus in 2020 and have the audacity in 2021 to complain about GME going 17-bagger in 10 days.

~ Kevin Duffy, tweet, January 28, 2021

Kevin Duffy on CNBC and Jim Grant

All Fed critics have been excommunicated from CNBC with the notable exception of Jim Grant. His survival is a neon sign of robustness, wisdom and, yes, courage.

~ Kevin Duffy, The Coffee Can Portfolio, November 2, 2020, p. 5

Becky Quick: "I'm 100% in equities" (2020)

I’m 100% in equities. … You’re never going to make enough money if you have 40% of your money in bonds.

~ Becky Quick, CNBC anchor, "‘I’m 100% in equities. … You’re never going to make enough money if you have 40% of your money in bonds,’" CNBC, December 27, 2020

Jim Grant is asked about Fed chairman Jerome Powell's press conference and stock market's negative reaction

Grant: I don't think it's a matter of communications policy.  I think it's a matter of substance.  To me, the clear and present risk is the consequences - unintended though they may be - of ten years of suppressed and distorted interest rates with the attendant distortions in both the so-called real economy and especially in the financial economy where leverage has been piled upon leverage.

CNBC: So this is inevitable, this kind of negative reaction.

Grant: Certainly after ten years of the lowest interest rates, literally in the 3,000 years of recorded history.

CNBC: We get that you didn't agree with the policy before, but right now are they making a mistake?

Grant: It's not a question of agreeing with it.  The consequences of ten years of distorted interest rates are things that we can't always see, but which are nonetheless there.  For example, the distortions of the leveraged loan market with fine print that's supposed to protect investors has been eviscerated or written down.  Green investments proliferate because there are no interest rates.  Interest rates are meant to measure risk, discount future cash flows and set investment hurdle rates.  When those things are absent or distorted, decisions in real time - real things - are not as they might be.  And exactly what is wrong is revealed in time.  Now, the stock market is a forward looking indicator.  The economy is not a forward looking indicator, right?

~ Jim Grant, interview on CNBC, December 19, 2018

Steve Weiss: Stocks of Facebook and Alibaba are "extraordinarily inexpensive" (2017)

As you go out and you look at a Facebook or you look at an Alibaba, and you look at their growth rates and you look 2, 3 years, they're extraordinarily inexpensive.

~ Steve Weiss, CNBC's Fast Money, August 15, 2017

(Facebook closed at 171.00; Alibaba closed at 157.82.)

CNBC's Bob Pisani admires the world's central bankers

Central bankers around the world should have been Time's Person of the Year this year.

~ Bob Pisani, CNBC, 9:40 AM, December 30, 2013