I second you, George, on this one.
There have been and there still are many people who call themselves, economic
experts, financial experts and so on; but in reality they are all in the dark;
just trying to predict and fail in the gamble.
Govt's all over the world too are full of these highly paid so called experts,
economists and finance gurus, etc. But all their collected wisdom comes to
naught; as none of them have any certain answers!
In the corporate world and in Govt. there should come into play something
called: 'cost effective' salaries, positions and performance.
These experts should be put to 'productivity and cost effective' tests
stringently; to prove their mettle and cost effectiveness! just as these
executives put non executive workers to such tests.
That will be a 'Fair and Just World'
Nascy Caldeira
Down Under.
--- On Wed, 4/3/09, George Pinto <georgejpi...@yahoo.com> wrote:
Why don't we admit we don't have a clue of the financial future, instead of
trying to sound intelligent. The so-called "experts", "economists", "financial
gurus" were all wrong. No one predicted this mess. Buffet on down all lost
money. Governments around the world are acting like deer caught in headlights
in dealing with this crisis. Anyone advising you about the future should be
avoided like snake-oil salesman (also ask them if they have ACTED on their own
advice).
Regarding what might happen, financial ignorance may be bliss in this case. If
anyone claims to know what is going to happen, ask them how they did in the
market in the last six months and how much they lost (let them show you their
ACTUAL brokerage statement before you believe them). That will reveal their
"expert advice" and quickly put an end to these palm-readers.
George
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