Re: The Storm is Upon Us
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Re: The Storm is Upon Us         

Group: alt.philosophy · Group Profile
Author: ta
Date: Sep 16, 2008 07:52

On Sep 15, 10:19 pm, "Sean" now.com.au> wrote:
> "ta" nc.rr.com> wrote in message
>
> news:8c319721-14d3-4284-8bdc-d1daf469dc1f@2g2000hsn.googlegroups.com...
> On Sep 15, 11:22 am, "Sean" now.com.au> wrote:
>
>> The Storm is Upon Us: Lehman, Merrill Lynch, Bank of
>> Americahttp://www.youtube.com/watch?v=ZM2QXmeRGcA&feature=user
>
>> I liked this because it is a down to earth perspective and a street smarts
>> description by an american investment advisor of what's going on, and some
>> sage advice about how best to approach it in your own self-interests.
>
>> ps watch his video about Silver and Gold from 18th Aug., very interesting
>> that one.
>
>> all fwiw, trust your own instincts.
>
>> --
>> "Fear not the path of truth for the lack of people walking on it." RFK
>> 1968
>
> I'm not impressed. Nothing more than an op-ed with a lame analogy
> about a boat adrift in the sea.
>
> Whether he is right or wrong remains to be seen, but there is no
> shortage of people out there trying to frighten you into paying for
> their "investment services".
>
> I'm sure he'll capitalize handsomely on the big down day in the
> markets -- frightened people are always looking for a "saviour".
>
> -----------------------------------------------
>
> SEAN:
> What you say above is very true, for you, and no doubt many others.
>
> I'm not looking for a saviour, nor am i frightened, and nor did I, or do I,
> need his advice.
>
> Yet, I still like the simple and understandable way that he has been able to
> capture in a few short minutes the essence of what is going on globally,
> without using the slightest economics reference or usual type of speech one
> hears from a Fed Chairman answering straight questions from Congressional
> Committess with total gobbly gook.

Well, that's the problem -- he *doesn't* capture it. It's an op-ed
piece, not an intelligent, reasoned analysis. It's dumbed down to the
point of uselessness (or worse, it's misleading).

Spooky background music + ominous sounding but false "storm" analogies
+ fee-based web site advertisement front and center = charlatan trying
to scare you into paying for his "investment services".
> If you don't like what was said, or how he said it, or what I say about it,
> that fine by me.
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