Yesterday an expert, who they called the “most bullish man in America” appeared on a financial show and proclaimed that the stock markets will see a huge rise by year end. He said this was due to the lowest interest rates in history. My response, then why has Japan had two lost decades since adopting its zero interest rate policies?
This brought to mind a post that I attached below. I wrote this note of irritation on March 27th it is called,
You Don’t Know That!
Oh to the confident and suave television and news commentators, and the experts that speak with such authority, I include the pundits and so called specialist, to you I say, I’m skeptical and dubious. Even when you mask your bias and your agenda is hidden, I must often remind myself that, you don’t know that. It is often not the message you put out, but how you project it. I can see you now, your head a bobbing and your arms moving all around, you state your case with such brilliance and force that often we are swept away!
This rant is in reference to all the pundits and so called experts, about all the words that spew from their mouths, about the reams of material they write, and the large quantity of often misstated facts they put forth. Sometimes these clowns even go as far as to tell us exactly what someone was thinking, for example if a commentator states, “when the man jumped he knew it was to his death”, I ask, how do they know that? It is possible that the man was an optimist or the light never came on. Fact is that when it comes down to what someone is thinking these authorities are only speculating.
After they have used every line from “green shoots” and “edge of the envelope” they say, “that being said” and after “having said that” they often wow me with “just do the math” or “it is not if, it is when”. But what sends me over the top is the line often used by politicians and our so called public servants to justify some unsavory action, “it would of been far worse if we had done nothing”. How do they know that? I beg to differ, but on more then one occasion I wish they had done nothing.
It seems that people love to defer to the opinions and advice of so called experts so they don’t have to think, of course I don’t know that for sure. One thing I do know is that is not based on speculation or hearsay is that it would be a lot easier to tolerate these clowns if they were right at least every now and then.