To be fair to these textbook commentators, maybe for the first time in their lives they are reading economic commentary which is very much like going to the your stars column. They don't have the experience nor the good judgement to see this is a recurring pattern.
After yesterdays hold on interest rates we had one radio say - economists warn another on the way next month.
Another said that they are on hold.
I wonder if you can tell astrologers apart from economists?
The whole mess the world is in is thanks to the Banks! They were lending to the wrong people - thats how they get burnt. The wrong people who borrowed here will get burnt -the vast majority won't.
Now your stars according to Dr Oliver, or is it Mark Bouris, or was it Alan Kohler or is it Jonathan Pain - or will it be another media puppet satiating the medias penchant for negative news to up the ratings.
DID YOU DOOMPATROLLERS REALISE THAT PAPERS MAKE MONEY WHEN MARKET IS DOWN OR FLAT. AGENTS HAVE TO ADVERTISE. IN GOOD TIMES THE REAL ESTATE SECTION IS TINY = LOW RETURNS.
Talk about pawns. You guys remember to sell when everyone is selling and , almost forgot , only buy when it is 100% positive that everyone else is. You will make millions!
