There are two reasons not to listen to anything the finance media says. The first is that they have no idea what they are talking about (see earlier piece on gold predictions) The second reason can be found below. Charles Payne, a contributor and frequent guest host for Fox News and Fox Business, was compensated…Details
Business Insider..…..While gold prices were on their ascent, we heard some bullish calls from high-profile Wall Streeters that would make dotcom era equity analysts blush. For whatever reason, gold ultra-bulls argued that the precious metal would be worth multiples of where it is today. We’ve heard targets from $5,000 to $46,000.
I have to admit I can understand how this become the popular perception.
As a personal dlsclaimer I should point out that Sornett has been making predictions of crashes for over a decade and I dont believe he has gotten one correct. His last prediction of note was that the S&P500 would crash to 700 points in 2004, if memory serves me correctly that didnt happen. In their…Details
I always find it remarkable that so much public policy is generated with at best a modicum of half arsed evidence or at worst no evidence at all. To me austerity seems to fall into the latter camp of no evidence at all. There seems to be very little evidence for the majority of economic…Details
The rest of the series can be found here The Ricky Gervais episode from Season One is my favourite.