[Money-matters] FW: [Money Matters Newsletter] Stock and Gold Updates. New Dividend Payers. Market and Membership Drive News. Update Feb 26, 2012
Marc Cuniberti
bayareaprocess at att.net
Thu Mar 1 02:16:24 UTC 2012
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Money Matters Airs Thursday MARCH 1 2012 at NOON PST on KVMR FM
www.kvmr.org <http://www.kvmr.org/>
"RETAIL WIPEOUT" The retail woes you see today explode in the months to
come. Learn why, when, how and what to expect coming to a store near you.
Article for your reading pleasure:
Vested Interests
Although economic forecasts come from every direction far and wide and every
Tom, Dick and Harry you run across, you have to look carefully at who is
doing the forecasting and what vested interest they may have in convincing
you to agree with them.
I read a host of economic articles and analysis in a variety of news media
and am often astounded as to the blatant bias of many authors, yet in the
face of such obvious bias, the articles written by these "analysts" get
published.
I don't know how many times I have read housing forecasts deemed as reliable
from realtors or realtor groups. For the umpteenth time, I read housing is
finally coming back. I don't know how many times I have read that lunacy,
but I can tell you I read similar fairytales right in the middle of the blow
up a few years back.
Before the blow up the realtor groups and authors said there was no better
time to buy or sell. Now I hear it's still a great time to buy. Is it
possible it might be a great time to just sit it out and let this anemic
market just clear itself?
Not according to those who draw their paychecks from those very same
markets.
Media continues to run the mush these authors spout despite the fact these
were the same people that lead so many to slaughter a few short years back.
One only needs to look at the credentials of such "experts" at the end of
the article to see if the noise you're hearing is an axe being ground.
Realtors write housing is coming back. Government says unemployment is
getting better and to put down your pitch forks. Your Federal Reserve Chief
says he did a great job and a past President said no new taxes while our
current one said we'd get some sort of change. Banks tell us we should
charge our vacations on their credit cards and CNBC says we should buy
stocks.
Some of these claims may be backed up by some chart or "official" statistic
making the author appear smarter then he is when in reality an old saying
comes to mind.
There's lies, damn lies and then there's statistics.
In conclusion, its safe to say half the stuff you read is probably not worth
the paper its written on and when it comes to economic news, it aint even
worth that much. To discern whether what you're reading is worth the time
spent on reading it, look at credentials of the one who wrote it. If the
author makes his living on very thing he's trying to convince you is good,
he's probably not worth reading.
As for this article, well, that's for you to decide isn't it? :-)
Marc Cuniberti hosts the financial radio show "Money Matters" on KVMR FM
89.5 and 105.1 or www.kvmr.org <http://www.kvmr.org/> which airs this
Thursday at noon, PST. His website is www.moneymanagementradio.com
<http://www.moneymanagementradio.com/>
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