This war of words between Jon Stewart of the Daily Show and CNBC (specifically Jim Cramer) while out of the country last week but managed to catch up with the videos and related news stories posted online over the past couple of days.
It's a comedian's job to observe those nuances of our day-to-day lives that we take for granted or otherwise miss and point out the absurdity in them for our amusement. It's a political satirist's job to do the same thing for the macro environment - translating things that we are sometimes too busy (or too into ourselves) to pay attention to and draw our attention to them. And sometimes what they call to our attention is just too important for us to forget to pay attention to ever again.
While I am still grappling with the ramifications in their entirety, I think what happened this week is in exactly that latter category. And I think it's super important that we pay attention going forward.
Check out the videos (in order) in the Cramer vs. Non-Cramer section of the Daily Show web site and let me know what you think. There are alot of very thought-provoking snippets in all this, but the part that is still resonating with me the most is when Jon Stewart asks Jim Cramer something along the lines of: " who are your customers?... who is it you owe a duty of care to?"
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