On the subject of “reliable” financial information

I was cuisin’ the Internet this morning, and reflected that while I can find opinions supporting my negative prognostications regarding the stock market, I can also find articles supporting a “bullish” outlook despite the problems with Greece, the Fed, Puerto Rico, the Euro. I also took a look at the political domain, and found positions both supporting and denigrating Mr. Trump.

The “Trump” situation is perhaps a clearer domain upon which to focus. There are obvious power plays being conducted both on and against his behalf. And it occurred to me, perhaps the same could be said for reporting on International markets. In both domains people have a lot to gain from power and financial perspectives.

If I look at National Review, I can pretty well guess that the reports are going to be negative about “the Donald” because NR’s management is in the tank for the old-guard GOP. If I look at Breitbart, I can pretty well anticipate some positive puff-pieces on Mr. Trump ’cause management falls in the Tea Party orbit.

But if you’re looking for financial advice, can you truly anticipate which bias is being reported? With all the back-room deals going on, the vision is murky at best, and the air is redolent with the odor of hidden secrets that only the rich and powerful share with each other.

Leave a Reply