Sunday, April 18, 2010

The Media and Its Scapegoats

The media is too politicized to educate the public. The financial as well as ordinary media are guilty of this. The non-financial media but, in addition, those involved with investing, are to blame for also not fully explaining their comments. That is, if they were truly conversant with what they daily pontificate about.

I have explained this before. One of the symptoms is the way they seek out scapegoats. Such as Wall Street or major companies on Wall Street. Or Banks. Or the bonuses they pay. Mind you, never athlete bonuses; just those evil top executives, especially those who work on Wall Street.

When someone shorts securities while also buying for the long term, that investor is automatically deemed to be a crook by observers and bureaucrats who are not steeped in legal, risk control financial strategies. ( See the Earl J Weinreb NewsHole® comments.)

No comments:

Post a Comment