China Warns Its Bearish Analysts to Toe the Line was yesterday’s dog-bites-man story on the front page of The Wall Street Journal. The Chinese government could learn a thing or two studying how this works in the U.S., where complicity between the news media, the banksters and Wall Street serves to float their respective boats. Seldom do the Street’s vaunted analysts meet a stock they don’t like, and even when they hate a stock, it will usually be rated no worse than a ‘hold’. Sell recommendations, as retail investors know all too well, are disseminated to shareholders only after a stock has lost 70% of its value. As for the U.S. financial media, they are only too happy to do the Street’s bidding and to parrot the party line, since digging up actual stories on their own might take a little work. They treat analysts’ reports as the gospel truth, even though the analysts themselves seem to believe that simple arithmetic can explain the world. Watch their estimates miss the broad side of the barn when the next bear market unfolds. They’ll have lots of company from economists who, one suspects, remained unpersuaded as late as 1931 that a recession had begun.
China’s Spinmeisters Should Study Wall Street’s Big Lies
- May 5, 2016, 2:35 pm
Rick,
It all makes perfect sense once you realize they are describing the ever increasing wealth, and ever increasing influence of the Royal 500 Families that own the USA.
Would Walmart, Microsoft, Berkshire H., the MIC, the Banking Industry, et al have ever grown into the Government Sanctioned Monopolies they have become if the Sherman A.A. had been enforced?
Would Unger, Buffet, the Koch Bros. and their ilk be grumbling so loud about Trump firing up the masses if they hadn’t enjoyed Carte Blanche since the Powell Memorandum of 1971 saw the NAM move from NYC to DC?
http://billmoyers.com/content/the-powell-memo-a-call-to-arms-for-corporations/
They “Hired” the Government and never looked back.
That is why all the glowing reports on the US Economy are so puzzling to Main Street.
They are not talking about 99% of us.
Just their own Inner Circle of Wealth and Power.
So, lets see………
Perot, Buchanan, Paul.
Gee, that’s three strikes!
Trump is not perfect, but it seems to me, Main Street is being given a fourth strike to use!
If Trump is defeated in November, and Hillary appoints a few more hacks to the SCOTUS,
this Nation is finished.
Four or eight more years of Open Borders and Free Trade will do exactly that.
Finish us!
&&&&&&
After eight years of the worst and most destructive presidency in U.S. history, four years of Hillary, and the two or three Supreme Court appointments she would probably get, would finish off America. Please correct me if you think I have exaggerated. RA