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Exposing Hacks, Followers, The Confused And The Clueless (a Work In Progress)
Tuesday, May 5, 2009, by Stathis
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As you might imagine, I am currently focused on writing the April AVAIA newsletter.

In the past, I have discussed how the financial media deceives and lies to its audience. I have also discussed why it would engage in these tactics. As examples, I have written about Jim Cramer, Larry Kudlow and other hacks on CNBC.

Over the next several weeks, I will be posting material here discussing a long list of what I consider to be hacks, followers, clueless individuals and those with financial agendas and bias that serve as their primary impetus for their views.

I am going to show you that these individuals are in the media club. And I am going to show you what I consider to be evidence in support of this.

Hopefully, by now you understand how dangerous it can be to pay attention to anyone in the media club. 

I will be updating this piece randomly as I get time, so you will get to see this article develop first hand. 

Until I announce the official completion of this article (which is likely to be divided into several parts) you should consider all material to be a draft. And you should not form any conclusions until the article has been completed.

A partial list of the individuals I plan to discuss are Nouriel Roubini, John Mauldin, Barry Ritholtz, Doug Kass, Zero Hedge, Matt Taibbi, Gerald Celente, and many others. 

Some are naive members of the media club while others know precisely what is going on.

Either way, I want you to see what I feel to be their methods and motives, and how you will suffer if you pay any attention to them.

Each individual has slightly different means and objectives as you shall see. However, the end result is invariably the same; by bothering to read or listen to what they say, you are wasting your time. You are being distracted with low-yield material or noise when you could be spending your time more efficiently.  Other times, you are receiving biased and inaccurate information.

You need to check their track records. Once you do, you will see they offer no real value.  Only then will you begin to realize why virtually everyone always gets taken to the cleaners when bubble burst.

In the mean time, you might want to start your own research on these and others to see if you can spot their tactics and poor track record. This would be an excelent mental exercise. 

Feel free to report your findings in the comments section.

Don't be shy. There is no right or wrong analysis.

Each person will most likely have a different take on things. 

All that matters is that you attempt to see things clearly for yourself. 

While you are waiting, I want you remind you of a few previous articles I wrote on some of these guys.

 

Hack of the Day

"Watch TV, Make Money!" Who's REALLY Making Money? (Part 10)

"Watch TV, Make Money!" Who's REALLY Making Money? (Part 11)

 "Watch TV, Make Money!" Who's REALLY Making Money? (Part 9)

The Top 10 Housing Markets For The Next 10 Years

Don't Bet On Hyperinflation

More Propaganda From Kudlow

The Deflation Myth

If You Listen To Economists You Will Go Broke

NAR's Yun Continues To Mislead On Housing

What Bill Gross Doesn't Want You To Know

Another Media Establishment Bites The Dust And I'm VERY HAPPY

Selling You With Baseball Legends And The Buffett Name

The Battle For Your Mind (and Money)

Forbes: Creating Future Sheep

More Useless Trash From The Financial Media (Part 1)

 

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