I've been spending less & less time in the economics forum the past few months, after realised that I has started to analyse too much instead of taking action. Came across this article in The Age today. Not ground-breaking; but worth rememberingh nonetheless.
Too Much Eco News Bad For Investors
- Thread starter Ms Jade
- Start date
Been saying this for ages .... Cheers for the link.
My issue is when the RBA are pushing to full non disclosure ala the FED in the interests of keeping the population dumbed down and uninformed, distracted by their iPhones and Masterchef.
My issue is when the RBA are pushing to full non disclosure ala the FED in the interests of keeping the population dumbed down and uninformed, distracted by their iPhones and Masterchef.
This would explain why I find myself saying "this isn't news" a lot during the financial report...
Reminds me of a few posters we have here at different times,
, it also has a multitude of eager beavers who are mainly concerned with tomorrow's headlines,'' Macfarlane says.
''They try to extract the maximum amount of coverage out of each ephemeral piece of news - monthly or even daily figures are invested with a significance well beyond their actual information content.''
Interest rates don't merely rise, they ''soar'', the exchange rate ''dives'' or ''plunges'' and budgets ''blow out''. The reader is left with the impression of constant action and turmoil.
Read more: http://www.theage.com.au/business/t...ss-aversion-20110612-1fz48.html#ixzz1PDktzXbm
Cheers
Pete
, it also has a multitude of eager beavers who are mainly concerned with tomorrow's headlines,'' Macfarlane says.
''They try to extract the maximum amount of coverage out of each ephemeral piece of news - monthly or even daily figures are invested with a significance well beyond their actual information content.''
Interest rates don't merely rise, they ''soar'', the exchange rate ''dives'' or ''plunges'' and budgets ''blow out''. The reader is left with the impression of constant action and turmoil.
Read more: http://www.theage.com.au/business/t...ss-aversion-20110612-1fz48.html#ixzz1PDktzXbm
Cheers
Pete
I thought is was only old people like me who talked to the TV set
Hey - I'm old too...
The guy is an idiot. Someone (preferably me) should take a run up and slap his face off. Bottom line is that most people live their lives around money, rather than the sun. The more people become aware of the true state of affairs, the more they put entities like the RBA under scrutiny - rightly so. This idiot is blaming the messenger and covering his bum - if there was full transparency in a healthy state of affairs, investors would be empowered. With more transparency into a sham game run by con artists, charlatans, and losers, it's no woner that investors are getting edgy. Moron. Anyone have his home adress? Lets build a scud missile out of redundant analogue TV sets and used nappies then launch it
I thought is was only old people like me who talked to the TV set
i've been known to throw food at the telly during the news.
Lets build a scud missile out of redundant analogue TV sets and used nappies then launch it
probably black listed if it's a website you'll be accessing to learn how to join the tube fuse to the magnesium ribbon lighting strip.
just set an old 1200 VW engine block on fire in his front yard - the magnesium content in these babies means they glow white hot for aaaaaaaaaaaages.
I like to 'monitor' some situations.
Attachments
In 'normal' times i would agree with you, but current times are not 'normal'.
The key in my opinion is to have ones 'bs' filter constantly on, and try to listen focus attention on those commentators of information that are more switched on, Terry Mc Crann for example.
In regards to the economic forum, yeah i would take much of the interpretation of information here with a grain of salt, we are all just amatures, some more than others
In 'normal' times i would agree with you, but current times are not 'normal'.
The key in my opinion is to have ones 'bs' filter constantly on, and try to listen focus attention on those commentators of information that are more switched on, Terry Mc Crann for example.
In regards to the economic forum, yeah i would take much of the interpretation of information here with a grain of salt, we are all just amatures, some more than others
Hey I resemble that remrk
I know lots about physical policy and economics stuff