In retirement, I watch a lot of business shows. Here the news is mostly factual, not given to political rhetoric - thankfully. Most of the shows’ hosts bring in financial leaders to forecast, to project, to explain investment strategies, and otherwise discuss Wall Street comings and goings. The comments vary, from bull to bear, and from optimistic to pessimistic, from data to anecdote Almost without variation most financial strategists follow first order cause-effect policies. The market does this, we do that. Seldom do you see a strategist with an overall command of fiscal conditions. Their methods are simple and ad hoc . Sometimes, it seems like there is a predictions club where all read what the others write. This could be a CYA symptom, as they have high paying jobs and must at all times justify their salaries are well deserved. Some filter their comments through their politics, but either way, it’s useless. From time to time, they offer stock picks. L
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