I hear — from pretty reliable sources — that the current CNNfn is all but toast. In addition to my well placed source, the NY Post reports that the Cable news network is “tweaking its programming schedule.”
Here’s the kicker: They are replacing the stock market show with a new program devoted to real estate. Gerri Willis, CNN’s personal finance editor and author of “The Smart Money Guide to Real Estate Investing,” will host “CNNfn Open House,” starting June 28 (noon to 12:30 p.m.)
Perhaps its just me — but didn’t we just complete one of the biggest run ups in the history of U.S. Real Estate? Concurrent with that, didn’t interest rates hit 46 year lows, reverse, and are now heading higher as the Fed begins a rate tightening cycle?
Talk about bad timing! — just in time for the Real Estate Market to top . . .
CNNFN’S NEW SKED AXES STOX, ADDS HOME
By TIM ARANGO
NY Post, June 21, 2004