This blog is based upon a concept that the economy should benefit the people that live in the country, and not simply be directed towards the top 5% of the population. This concept, along with ideas like executives should not skim pension funds is heretical to the wealthy that it can get you thrown of cocktail parties in the fancier parts of town. The idea that the economy should not be winner take all makes the wealthy very angry, their faces get quit red and they then use the word “socialist,” or “Marxist.” I am not very big on labels, so I am happy to be called any type of word. However, after being called a name, I would prefer that the underlying logic of my argument be criticized. Often, it isn’t. Most times people simply are satisfied with labeling something as bad without explaining why. A lot of the time they just don’t know why they think what they think, and this includes highly educated people in economics and finance, as well as people that have friended Sarah Palin on facebook.
Most Economics and Finance Writing is Corrupt
Most finance and economic writings are heavily biased in favor of the status quo. Far too much investment information that is presented as informative is actually designed to get the reader or viewer to invest in this or that asset. This site attempts to apply a higher standard to analyzing what are the basics of economics and finance. Here we will focus on questions that are rarely if ever asked. This includes:
1. What is a Stock?
2. How are Asset Classes Compared?
3. What is the Information Bias in Almost All Financial Information?
4. How Real is Investment Regulation?
Most sites promote the idea of great gains from investing. This site will focus on the opposite, how to not be won over by the exuberance that takes over various markets at different times. This can be attained through some understanding of what drives finance and economic publishing and applying critical thinking to the basics of finance and economics. We also suggest tools , such as Global Asset Allocation Models in order to bring the recommendations inherent in investment media within a broader context of asset pricing.
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Thanks for the great information!