Tradefair & Financials

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16 Nov 11 22:31
Date Joined: 27 Mar 10
| Topic/replies: 18,117 | Blogger: UTI's blog
Alright the natural desire for one to believe that they are always right is quite natural, no one wants to spend their whole life saying "yeah yeah actually i don't have all the facts at my disposal and even if I did I don't have the intelligence to analyse them and even if I did, well the world's a funny old thing and I can't see into the future".  You obviously get some ignorami in the worlds of sport and politcs and culture etc who are so sure of their convictions, but you also get a number who can sit on the fence and admit they know not whatis what and how it wll all turn out (in fact that is in many ways the beauty of sport).

I've been reading a lot about economic over the laste few years - newspapers, forums, etc - and the more I read the lss I learn.  ONe thing I've noticed, particularly on the forums, is that most economist types like to get a few facts together, hatch a plan in their brain that suits their own prejudices and then well, just go with it.  I contend that you're all glorified guessers and that no one really understands economics.
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Report Menelaus November 16, 2011 11:39 PM GMT
I contend that you're all glorified guessers and that no one really understands economics.

I think he's on to you benny !  Silly
Report FINE AS FROG HAIR November 16, 2011 11:54 PM GMT
And maybe you too ?
Report Mrben November 17, 2011 12:51 AM GMT
poor melly. I would say of all the posters here YOU  have the least understanding of how things work. The forum is still waiting for you to get something right.

Are you infact an economist?

UTI- you are totally correct re economists. They Do reflect each others ideas  like a mutual backslapping society.Also note how when one prominent one changes course from say interest rates rising to falling, the others rapidly fall in line with the new view.There is little independant thought.An inability to think the thing through.

As a trader you can make good returns following these economists and doing the opposite or close to it.I have made huge returns from thinking the consequences through and moving early b4 it happens. Hence my SELL thread.

   Economists, generally sound important and convincing, but are very rarely right.They are theorists.

Take melly- if you had done the opposite of what he says your so far ahead.Once you identify a dipstick doing the opposite  brings profits.
Report Banwana November 17, 2011 8:12 AM GMT
I hold the words of economists with the same weight as those of astrologists. Its sad that they are being given so much public time via the media.
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