Sunday, 29 December 2013

Financial Media: Laughter, Tears, Frustration and Exhaustion

Kurt Vonnegut once said “Laughter and tears are both responses to frustration and exhaustion.” When it comes to watching the financial media discuss the “rosiness” of the US economy, frustration and exhaustion are two words that definitely come to mind.

Prediction based on fundamentals is a truly basic concept for analysts in the world of finance. Unfortunately this task has become so daunting that it now requires an added level of understanding when assessing world market trends. One must fully understand the egregious nature and often misleading information that continues to be spew by some of our most trusted sources. Take, for example, two of the most important hallmark economic measurement statistics in housing and employment.