Be careful about opening the mouth of a financial advisor, stock broker and so on. Unlike a Pez, that is not candy that is about to come out of their mouths.
When I look back, it is in utter amazement at the number of false statements I have been subjected to by financial advisors and [...]
Archive for the ‘Investment Advice’ Category
Financial Advisors – Pez Dispensers but for Excrement
Posted in Deliberately False Financial Information, Investment Advice, Lauded Sources on November 26, 2009 | Leave a Comment »
The Case Against Stock – Compendium
Posted in Capitalism, Investment Advice, Stock Market, Yield Disparity on May 4, 2009 | 2 Comments »
This is the supposed chart that all stock buyers want, but few will ever receive – unless you have inside information.
We have written extensively on the ways in which stocks are both unnecessary for capitalism, misrepresented by the stock pushing industry and actually counterproductive to the competent management of companies. We thought we would create [...]
Jim Rogers on Fannie Mae
Posted in International Finance, Investment Advice, Videos, tagged Jim Rogers on January 31, 2009 | Leave a Comment »
This extremely funny clip shows Jim Rodgers offering his views to television journalists who are having a hard time interpreting what Jim Rodgers is saying. It shows the difference between what is an accurate assessment of a difficult situation, and the conventional peities which are simply repeated by good looking but subordinated to power news [...]
The Epidemic of False Information in Economics and Finance
Posted in Deliberately False Financial Information, Economic Bubbles, Economics, Investment Advice, Media Corruption, Yield Disparity, tagged CEPR.net, DollarsandSense.org, Enron, Goldman Sacks, Michael Hudson, Naomi Klein, SEC on January 26, 2009 | 1 Comment »
Wouldn’t it be nice if deliberately misleading and biased economics and financial information released by concentrated power came with this warning label?
We think now is an appropriate time point out the massive amount of false information that surrounds all of us. Here are a few of the main sources:
Academics: Focuses on teaching overly mathematical classes [...]
National Foundation for Credit Counseling is Creditor Front Organization
Posted in Debt Peonage, Investment Advice, Misleading Financial Institutions, Mortgages, Videos on January 23, 2009 | 2 Comments »
The National Foundation for Credit Counseling is an organization and lobby group for the credit counseling and debt consolidation industry. However, they not only represent credit counseling and debt consolidation firms, they also represent the creditors themselves. They were the subject of an anti-trust lawsuit.
“In the late 1980s and early 1990s, the number of [...]
Walking Away from Mortgages
Posted in Banking, Deliberately False Financial Information, Economic Regulation, Investment Advice, Mortgages, Real Estate, Videos, tagged CEPR.net, Henry Paulson on January 15, 2009 | 2 Comments »
(picture from http://boicemail.blogspot.com/2007/05/may-7-2007-newsletter.html)
While banks are begging for and getting money to cover their losses, what has been must less discussed is whether homeowners will be offered debt relief. Henry Paulson, the Secretary of the Treasury has stated that the number one thing the government can do for the average American is “stabilize the banking system.” [...]
Writing Bias – Financial Sensationalism and Quid Pro Quo
Posted in Investment Advice, Media Corruption, tagged Stanford on January 11, 2008 | Leave a Comment »
Abstract
The presumption of US media outlets is tha
there is an attempt to present unbiased information to readers. However, there are a number of biases inherent in all financial publications. These biased are discussed in this article.
The bias related to taking money from financia
interests in the form of advertising in return for distributing [...]
Do You Have Enough Assets to Get “A” Advice?
Posted in Investment Advice, Monopoly, Stock Market on January 11, 2008 | Leave a Comment »
The best advice is hard to come by in financial advisement. The US system makes sure that this restricted resource is allocated to very specific groups. Furthermore these groups are already the most monied interests in the country. The resulting tiered returns in the market demonstrate that the US investment apparatus is designed to give [...]
The Inaccuracy of Average Return
Posted in Investment Advice, Stock Market, Yield Disparity on January 11, 2008 | Leave a Comment »
Abstract
Averages are highly misleading. They mask the concentrations of return in the investment business. However, returns are not evenly distributed to investors. This is not only because of differences in stock picking acumen, but also due to the way financial systems are designed to benefit a special class of investors to the detriment of others.
Stocks [...]
Lessons from Privatizing Retirement Funds
Posted in 657969, Economic History, Investment Advice, Stock Market, Yield Disparity, tagged Google on January 11, 2008 | 2 Comments »
Elite corruption and lying about retirement saving methods is sure to end retirement for large numbers of the US population. However, the retirement for the wealthy will be better than ever.
Retirement Privatization = Stealing Retirement
The history of retirement fund privatization is clear…it is a total failure. However, failure does not stop monied interests from [...]
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