Pento has been banned from a couple financial media outlets for his abrasive, yet truthful analyses. He makes a solid case for gold bullishness, as well as for economic storms to return.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/13_Why_Goldman_Sachs_Is_Wrong_On_Gold_%26_Danger_For_The_U.S..html
Showing posts with label wrong. Show all posts
Showing posts with label wrong. Show all posts
Saturday, September 13, 2014
Monday, June 9, 2014
Sunday, June 8, 2014
Friday, October 11, 2013
Commodity Prices Wrong as Often as 27% of Time for Traders
http://www.bloomberg.com/news/2013-10-08/commodity-prices-wrong-as-often-as-27-of-the-time-for-traders.html
Libor and ISDAfix are part of a suite of financial benchmarks that underpin about $1 quadrillion of assets and trades, almost 14 times global economic output in 2012.I wasn't kidding when I pointed out that the notional value of financial derivatives was over $1.2 quadrillion. ISDA represents $400 trillion of interest rate swaps. If bond yields rise appreciably, those derivatives would blow up the global financial system.
Labels:
Commodity Prices,
Often,
traders,
wrong
Friday, September 14, 2012
CPM Group's Jeff Christian on BNN on eve of gold and silver explosion: Go short
Jeff Christian of CPM was wrong on gold--again. In fact, the clown has been wrong for a decade. Why he is on financial TV, and why anybody would listen to this pathological liar is beyond me.
http://www.gata.org/node/11741
Here's a link to the video clip:
http://watch.bnn.ca/the-close/september-2012/the-close-september-10-2012/#clip757705
http://www.gata.org/node/11741
Here's a link to the video clip:
http://watch.bnn.ca/the-close/september-2012/the-close-september-10-2012/#clip757705
Friday, July 27, 2012
Friday, October 21, 2011
Tuesday, October 4, 2011
Thursday, September 1, 2011
Tuesday, July 26, 2011
Monday, June 27, 2011
Thursday, April 28, 2011
Why the experts missed the crash
http://longnow.org/seminars/02007/jan/26/why-foxes-are-better-forecasters-than-hedgehogs/
I agree with Tetlock, but he completely misses the mark when he says Lawrence Summers has good predictive ability. Summers was instrumental in levering up the US banking system under Clinton, which subsequently crashed a decade later. On the other hand, Summers resigned from Obama's cabinet last year, a possible precursor to another financial crisis.
Why are so many experts so wrong, yet people keep listening to them? Who really is worth listening to about the future? The author of Expert Political Judgement builds on Isaah Berlin's characterization of judgment modes into Hedgehogs (who know one big thing) and Foxes (who know many things). Hedgehogs don't notice and don't care when they're wrong; that's why they're so compelling. Foxes learn.http://money.cnn.com/2009/02/17/pf/experts_Tetlock.moneymag/index.htm
I agree with Tetlock, but he completely misses the mark when he says Lawrence Summers has good predictive ability. Summers was instrumental in levering up the US banking system under Clinton, which subsequently crashed a decade later. On the other hand, Summers resigned from Obama's cabinet last year, a possible precursor to another financial crisis.
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