The biggest hype surrounding FB's IPO is media-generated nonsense.
People are speculating if FB will be the biggest thing ever to be considered worthy of buying, as if being a regular company doesnt warrant trading on the open market. First day's trading will spur on a flurry of pointless news stories with headlines like:
"FB IPO fizzles as stock moves temporarily below IPO price before going higher"
"FB IPO goes up then goes down, then goes up then goes down, closes for the day"
"FB IPO will go up says an analyst who's tech fund is down %20 for the year"
"FB IPO will go down says another analyst who had 1 good year for his fund"
"FB ended the day higher, but can it continue?"
"FB ended the day lower, will it continue?"
It seems that people need to believe that FB will only grow bigger and more powerful or it will explode into nothingness. They neglect to consider that FB may or may not be supplanted by another device or system at some point but like Microsoft, Yahoo, and other 2nd place companies upstaged by their rivals, they still seem to be in business, trade publically, pay dividends and move on with life. Why should FB be either a super star or super dud?
From a short term perspective I always view these sudden spikes with caution:
Witnessing a downward price trend interrupted by a spike up, I look for a follow through or plateau before considering it a true bottoming reversal.
We have seen many times before where gold makes a jump then flounders the remaining session and into the over night ending lower than the previous 2 days session. A hold above $1560 into the weekend and into the end of May on strong volume would be my signal that a medium term correction is over. Until then, its no dice!!
Once again we see that stories about "gold for oil" and the like seem to always appear before a fall in the price of gold.
Manipulation? Perhaps, but not of the gold price but of those gullible enough to believe such unproven nonsense.
Im waiting for the next pundit to proclaim "central bank buying" to light a fire under the gold price... right after the slew of articles proclaiming central banks are inept and anti-gold....
The lesson being you cant have it both ways, if you view central banks as foolhardy and criminal, then their purchases of gold should make you run from the metal.
Great article from the blog of one of the best Mid-east analyst's around, while I dont agree with all of it's contents, I think it highlights very well the current energy-related conflicts:
Luckily I already was married last week, but I am leaving for a honeymoon on Sunday, so you will get a pleasant break for just a week!!
I take a strong stance but that's my approach, especially in the face
of anyone who gives credence to writers that promote noxious or discriminatory ideas.
Thats how these prejudices become reality, they get repeated often enough and people are hesitant to clearly disagree or are fearful of appearing aggressive or overly-critical.
If anyone be they Hugo Salinas Price, yourself or Warren Buffet for that matter subscribes to the belief that "zionists" are in control of global banking then yes, I disregard their opinions as to consider such ideas coming from "educated" people assumes that there is some truth to their claims.
so once again, the question remains: do you believe that "zionists" are in control of or exercise majority control over international banking as Mr.Price asserted in the piece you linked to?
probally you dont, therefore I am confused why you consider my disregard of Mr. Price's opinions prejudicial? Had he claimed that Silver was planted on the earth by alien lizards, would my disregard be premature and prejudicial?
I think not.
Drop the nonsense, if you find my approach prejudicial then you are welcome to post on any number of forums on the web who might share your views about who controls global banking. I do not intimidate unless of course you find objective analysis intimidating, if so, may I suggest a change in your approach to a more humble one. Next time be careful of what you link to on our site, does it bother you in any way that someone reading your link might associate you with the beliefs expressed by Mr. Price that I and others find not only objectionable but patently false. (unless of course you find merit in the notion that Zionists run global banking, as I have yet to find any.)
1. Please read through any documents you post on caracommunity.com
In the Hugo Salinas Price doc you posted I found the following page 3 statement:
"The Islamic Republic of Iran is truly sovereign because it is not under the control of International Bankers who are in turn, under Zionist control."
This is a clear and inexcusable piece of anti-Semitic propaganda. The notion that Banking is under control of a jewish cabal is as old as the hills, and has been proven time and time again to be untrue.
Im not only disappointed in you for posting this trash, Im disappointed in Hugo Salinas Price who I formerly held in high regard for his Silver opinions.
Seriously, Pulse and any others on this board, do you really harbour such irrelevant and toxic views of Jewish people as to condone statements like this?
I would very much appreciate a clear answer on this if you wish to continue posting on this board.
2. From the Huffington Post Article you linked to it states about the SWIFT ban:
"Not all Iranian banks are subject to EU sanctions, and oil experts say there will be ways for Iran to sell oil without using SWIFT."
Why not all? And why does this really matter as they confirm that Iran sells 14% of it's crude to the EU, the remainder is to Asia to which sanctions are not recognized, nor are payments remitted via EU banks:
"China, Iran's biggest oil customer, openly dismisses U.S. sanctions while India, the second-largest customer, transfers payments to Iran through Turkish banks. The Turkish banks, in turn, feel safe because Turkey, which imports 30 percent of its oil from Iran, is also reluctant to join the sanctions effort."
3. So, Iran has been partially banned from selling about %15 of it's crude imports while i'ts biggest customers (which happen to be among the largest economies in the world) are eager to buy more oil.
So the question I need to ask is; How exactly does this situation bode ill for Iran?
Pulse, please clarify if you actually believe with Mr. Price that a cabal of zionists are in control of the global banking industry, it will help with assessing the credibility of your future posts.
What I probably should have elaborated on was the notion that we very often ascribe movements to certain things when on a slightly longer timeframe they are meaningless.
The case I was referring to was a matter of hourly movements vs. 2-3 day movements. When we get into weekly vs. yearly it is an entirely different matter. When we say "gold rallied on the FMOC announcement", it is essentially saying nothing if the price action is a few dollars higher than 24 hours ago.
The FMOC announcement may have caused intra-day gyrations imho, but in reality a chart of gold shows us nothing much has changed course as a result of the announcment other than media pundits telling us "gold rallied on news that the economy was showing signs of weakening".
gold is rallying off it's lows of about 2 hours ago.
It stands where it did a few days ago.
Gold stocks rallied off their lows of the past 2 days and remain below friday's levels.
This is not a "rally" in the true sense of the word, nor is it an indication of anything in regards to the FMOC announcement. gold simply jumped back up after dumping down in a single day.
Take a different perspective: Gold is $4 higher than it was 2 days ago.
If I said to you that gold would be $4 higher after the FMOC announcement and that gold stocks would lower than they were 4 days ago, would anyone really suspect this was gold positive?
Nothing has changed right now, and the USD is not falling, so let's remain rational about what is actually happening.
People tend to perceive things as "a rush of foreign buyers" when at the end of the day the vast majority of people buying homes are to buy them.
Speculators will always exist, and "supply/demand" is much more complex.
Even if more buyers from overseas enter the market, what does that mean? Is this inherently bad or good? Does the influx of English purchases of Spanish realestate bode ill or well for both nations? What about Canadians in Florida?
For some time the bulk of purchases in Florida and the sun belt were by wealthier retires and investors from the North east USA. Canadians began to take a greater share over the decades. Is there a material difference if a Bostonian or Torontonian buys a home in Miami?
I lived in Vancouver about 12 years ago, during that time people spoke of nothing but a housing bubble ready to crash, $200,000 condo's were considered insane and tiny. The influx of Hong Kong buyers were blamed for their proliferation. Here we sit more than a decade later and its the same argument accept $200,000 is now $500,000. lather rinse repeat.
we will have the same conversation 10 years from now. its a wonder cities even grow or last more than a decade with the common theme among so many news outlets and analysts being perma-bears to avoid looking like fools again if the market does correct.
Most market commentary has shifted from providing thoughtful insight to cover one's ass to always sound right no matter the outcome.
Cue "we are optimistic but remain cautious" mantra... covering all my bases!! barf!!
What does it mean when people say "housing prices are frothy"?
What does it mean when a house sells for 400k in 2005, 450 in 2006, 500 k in 2008 and 1 million in 2012? Was it frothy in 2006? 2008? is doubling of home prices over the course of say 8 years "frothy"?
When investment returns double every 8 years we say it's a healthy or strong return, we consider a double every 5 years "frothy".
We speak of housing prices as if there is an agreed upon metric. In fact the vast majority of what he hear about "the housing market" is absolute nonsense, baseless speculation and sweeping generalizations.
How often have we been told a correction is due?
How often are these say sources wrong?
Will Central banks and Political pundits every say anything other than "we are optimistic but remain cautious"?
Stories about people buying without seeing the homes are just that. There are stories of people buying stocks based on what they overheard at the gym, or loosing their family fortune on bad bets. None of this means that housing as an asset class is in signs of trouble. The problem is that housing markets are in fact a loosely correlated collection of different markets based on geography and structure.
Citing weakness in Kelowna BC's condo market was a pretext for issuing a warning to Toronto's condo market by a large bank not too long ago. Anyone who has been to Kelowna and Toronto would have trouble understanding how the two even remotely compare.
Construction and development has continued in Toronto in spite of a decade of calls for a crash. Part of the problem is that Speculative busts like those in California and florida bear little or no resemblance to Toronto's market. The market in T.O. is based on Canada's largest city, with a surrounding population of 7 million. New homes are bought and lived in. condo's are rising in price as the city is revitalizing its downtown at a time when US cities are seeing people fleeing for the burbs.
People will continue to say housing prices are "frothy" or "crazy", next year if they advance people will say the same, the year after that if they advance we will hear the same remarks. At some point there will be a correction, but not because of anyone's educated guess about prices being "too high".
If you maintain that prices are too high, eventually you will be right. Until then, you might miss out on what millions of others haven't: owning property that has risen in value. This does not happen by listening to platitudes by politicians or financial pundits who are never held accountable to their failed predictions.
Everyone is in the wings with their bearish real-estate predictions praying for a break so they can jump forward to proclaim they called it. this may or may not happen. There might be bumps along the way, each short term data point will be trumpeted to proclaim the break is happening. If they are wrong they loose nothing because real estate predictions are cheap and of no value to people trying to purchase a home.
there are a multitude of ways that natural gas cars pay taxes:
1. at the pump- you still need a place to load up
2. nat gas driller pay a host of taxes, additional road-based taxes could be added to the drillers costs which will inevitably be passed on to users
3. additional or different emission taxes on natural gas vehicles paid at the point of purchase
4. natural gas fired vehicles are still a tiny total of vehicles on the road, i dont see this as an emerging issue vs. how to better tax hybrid/electric cars (which would likely see coal and hyrdro prices rise as so much energy at the plug comes from coal and hyrdro power, especially in the north east US and Ontario/Quebec)
the economy is showing strength, the stock market has been broadly rising, as is the USD. for the FMOC its their perfect storm. they can keep interest rates low but no need for QE so long as things appear to be improving, keep the edge off of gold and a bit off of oil.
so long as this continues, i see no real prospect for why gold will be strong, or gold miners.
either something breaks or something changes. right now so long as there are even marginal improvements and passive talk of rising rates in 2014, i am growing concerned this will hold heavy on gold. a catalyst is needed for gold at this pint imho, on it's own I fail to see why gold will jump higher when it falls every time there is good economic news.
What is most disturbing is that Canadians still believe we have the respect and admiration the world over, yet countless Canadian owned or Canadian-backed corporations are complicit in hampering native rights.
For all the positive things that mining outfits do, these kinds of stories are sickening. Armed gunmen targeted the most visible opponent of the mine in that area, those involved in mining the resource base should be more vocal in both their condemnation and their own plans to ensure opposition can be voiced without fear of reprisal.
Lucky for me the biggest enemy of Mr. Obama, Fox news, published a report by an actual Forensic expert confirming the authenticity of the Birth Certificate as shown in the infamous youtube video:
This type of analysis is relevant to trading simply because so much of our thought processes are coloured by baseless speculation disguised as truth and fact.
How many times have we heard that the president is faking his country of birth? How many times has actual evidence from an expert been presented in an official forum to prove its authenticity? The report compiled by Sheriff Arpaio can be conveniently purchased here for just $10:
Why hasnt anyone who seems so convinced bought the book? Additionally why hasn't anyone given thought to the veracity of evidence that one must pay for to view, that was published by a public official?
Im glad people found this interesting, and while it shifted us away from the market for a moment or two, I think it reminds us to stay sharp in the face of disinformation. ;)
ah yes, linking back to the very same newspaper to support your argument.
this is called the "credibility gap" when people read what appears to be an official looking newspaper and assume its a credible source. instead of reading what Pravda says, read what actual people have to say about Pravda and it's history as an arm of Russian Propaganda Services.
I would take everything they post with a hefty grain of salt.
These conspiracy stories proliferate precisely because we keep recycling the same old stories and slightly changing them to create the image that there is all this evidence. Birth Certificates are printed on paper, it is forge-able. But the fact that long form birth certificates can be forged, or that people have forged them before doesn't mean that the president forged his.
This is why so many people believe this story, they are presented with "facts" which are recycled links to the same other stories, then presented with "facts" about birth certificates being easily forged and assume there must be a link.
Im not surprised people have come out in support of this idea, it has been well presented to the media and to the public.
Continued issues in Greece are keeping gold down and propping up the USD.
We have seen this over and over.
The question is:
Will it send gold into a continued down-trend or only postpone the inevitable?
This could take several weeks/months to resolve.
I am sitting and waiting for the long term bull to reassert itself.
The biggest hype surrounding FB's IPO is media-generated nonsense.
People are speculating if FB will be the biggest thing ever to be considered worthy of buying, as if being a regular company doesnt warrant trading on the open market. First day's trading will spur on a flurry of pointless news stories with headlines like:
"FB IPO fizzles as stock moves temporarily below IPO price before going higher"
"FB IPO goes up then goes down, then goes up then goes down, closes for the day"
"FB IPO will go up says an analyst who's tech fund is down %20 for the year"
"FB IPO will go down says another analyst who had 1 good year for his fund"
"FB ended the day higher, but can it continue?"
"FB ended the day lower, will it continue?"
It seems that people need to believe that FB will only grow bigger and more powerful or it will explode into nothingness. They neglect to consider that FB may or may not be supplanted by another device or system at some point but like Microsoft, Yahoo, and other 2nd place companies upstaged by their rivals, they still seem to be in business, trade publically, pay dividends and move on with life. Why should FB be either a super star or super dud?
New post up in my section of the blog.
As I was writing gold was having a nice jump up.
From a short term perspective I always view these sudden spikes with caution:
Witnessing a downward price trend interrupted by a spike up, I look for a follow through or plateau before considering it a true bottoming reversal.
We have seen many times before where gold makes a jump then flounders the remaining session and into the over night ending lower than the previous 2 days session. A hold above $1560 into the weekend and into the end of May on strong volume would be my signal that a medium term correction is over. Until then, its no dice!!
Once again we see that stories about "gold for oil" and the like seem to always appear before a fall in the price of gold.
Manipulation? Perhaps, but not of the gold price but of those gullible enough to believe such unproven nonsense.
Im waiting for the next pundit to proclaim "central bank buying" to light a fire under the gold price... right after the slew of articles proclaiming central banks are inept and anti-gold....
The lesson being you cant have it both ways, if you view central banks as foolhardy and criminal, then their purchases of gold should make you run from the metal.
Great article from the blog of one of the best Mid-east analyst's around, while I dont agree with all of it's contents, I think it highlights very well the current energy-related conflicts:
http://www.juancole.com/2012/05/the-new-energy-war...
Im back at it ladies.
Good to see markets are holding in there along with gold.
Im full or energy and pluck, ready to start posting again.
Luckily I already was married last week, but I am leaving for a honeymoon on Sunday, so you will get a pleasant break for just a week!!
I take a strong stance but that's my approach, especially in the face
of anyone who gives credence to writers that promote noxious or discriminatory ideas.
Thats how these prejudices become reality, they get repeated often enough and people are hesitant to clearly disagree or are fearful of appearing aggressive or overly-critical.
enjoy the week gang,
J
pulse,
If anyone be they Hugo Salinas Price, yourself or Warren Buffet for that matter subscribes to the belief that "zionists" are in control of global banking then yes, I disregard their opinions as to consider such ideas coming from "educated" people assumes that there is some truth to their claims.
so once again, the question remains: do you believe that "zionists" are in control of or exercise majority control over international banking as Mr.Price asserted in the piece you linked to?
probally you dont, therefore I am confused why you consider my disregard of Mr. Price's opinions prejudicial? Had he claimed that Silver was planted on the earth by alien lizards, would my disregard be premature and prejudicial?
I think not.
Drop the nonsense, if you find my approach prejudicial then you are welcome to post on any number of forums on the web who might share your views about who controls global banking. I do not intimidate unless of course you find objective analysis intimidating, if so, may I suggest a change in your approach to a more humble one. Next time be careful of what you link to on our site, does it bother you in any way that someone reading your link might associate you with the beliefs expressed by Mr. Price that I and others find not only objectionable but patently false. (unless of course you find merit in the notion that Zionists run global banking, as I have yet to find any.)
pulse,
A few things:
1. Please read through any documents you post on caracommunity.com
In the Hugo Salinas Price doc you posted I found the following page 3 statement:
"The Islamic Republic of Iran is truly sovereign because it is not under the control of International Bankers who are in turn, under Zionist control."
This is a clear and inexcusable piece of anti-Semitic propaganda. The notion that Banking is under control of a jewish cabal is as old as the hills, and has been proven time and time again to be untrue.
Im not only disappointed in you for posting this trash, Im disappointed in Hugo Salinas Price who I formerly held in high regard for his Silver opinions.
Seriously, Pulse and any others on this board, do you really harbour such irrelevant and toxic views of Jewish people as to condone statements like this?
I would very much appreciate a clear answer on this if you wish to continue posting on this board.
2. From the Huffington Post Article you linked to it states about the SWIFT ban:
"Not all Iranian banks are subject to EU sanctions, and oil experts say there will be ways for Iran to sell oil without using SWIFT."
Why not all? And why does this really matter as they confirm that Iran sells 14% of it's crude to the EU, the remainder is to Asia to which sanctions are not recognized, nor are payments remitted via EU banks:
http://www.rferl.org/content/explainer_how_does_sw...
"China, Iran's biggest oil customer, openly dismisses U.S. sanctions while India, the second-largest customer, transfers payments to Iran through Turkish banks. The Turkish banks, in turn, feel safe because Turkey, which imports 30 percent of its oil from Iran, is also reluctant to join the sanctions effort."
3. So, Iran has been partially banned from selling about %15 of it's crude imports while i'ts biggest customers (which happen to be among the largest economies in the world) are eager to buy more oil.
So the question I need to ask is; How exactly does this situation bode ill for Iran?
Pulse, please clarify if you actually believe with Mr. Price that a cabal of zionists are in control of the global banking industry, it will help with assessing the credibility of your future posts.
Thanks,
I agree Bill.
What I probably should have elaborated on was the notion that we very often ascribe movements to certain things when on a slightly longer timeframe they are meaningless.
The case I was referring to was a matter of hourly movements vs. 2-3 day movements. When we get into weekly vs. yearly it is an entirely different matter. When we say "gold rallied on the FMOC announcement", it is essentially saying nothing if the price action is a few dollars higher than 24 hours ago.
The FMOC announcement may have caused intra-day gyrations imho, but in reality a chart of gold shows us nothing much has changed course as a result of the announcment other than media pundits telling us "gold rallied on news that the economy was showing signs of weakening".
gold is rallying off it's lows of about 2 hours ago.
It stands where it did a few days ago.
Gold stocks rallied off their lows of the past 2 days and remain below friday's levels.
This is not a "rally" in the true sense of the word, nor is it an indication of anything in regards to the FMOC announcement. gold simply jumped back up after dumping down in a single day.
Take a different perspective: Gold is $4 higher than it was 2 days ago.
If I said to you that gold would be $4 higher after the FMOC announcement and that gold stocks would lower than they were 4 days ago, would anyone really suspect this was gold positive?
Nothing has changed right now, and the USD is not falling, so let's remain rational about what is actually happening.
This doesnt surprise me.
People tend to perceive things as "a rush of foreign buyers" when at the end of the day the vast majority of people buying homes are to buy them.
Speculators will always exist, and "supply/demand" is much more complex.
Even if more buyers from overseas enter the market, what does that mean? Is this inherently bad or good? Does the influx of English purchases of Spanish realestate bode ill or well for both nations? What about Canadians in Florida?
For some time the bulk of purchases in Florida and the sun belt were by wealthier retires and investors from the North east USA. Canadians began to take a greater share over the decades. Is there a material difference if a Bostonian or Torontonian buys a home in Miami?
I lived in Vancouver about 12 years ago, during that time people spoke of nothing but a housing bubble ready to crash, $200,000 condo's were considered insane and tiny. The influx of Hong Kong buyers were blamed for their proliferation. Here we sit more than a decade later and its the same argument accept $200,000 is now $500,000. lather rinse repeat.
we will have the same conversation 10 years from now. its a wonder cities even grow or last more than a decade with the common theme among so many news outlets and analysts being perma-bears to avoid looking like fools again if the market does correct.
Most market commentary has shifted from providing thoughtful insight to cover one's ass to always sound right no matter the outcome.
Cue "we are optimistic but remain cautious" mantra... covering all my bases!! barf!!
14them34me:
What does it mean when people say "housing prices are frothy"?
What does it mean when a house sells for 400k in 2005, 450 in 2006, 500 k in 2008 and 1 million in 2012? Was it frothy in 2006? 2008? is doubling of home prices over the course of say 8 years "frothy"?
When investment returns double every 8 years we say it's a healthy or strong return, we consider a double every 5 years "frothy".
We speak of housing prices as if there is an agreed upon metric. In fact the vast majority of what he hear about "the housing market" is absolute nonsense, baseless speculation and sweeping generalizations.
How often have we been told a correction is due?
How often are these say sources wrong?
Will Central banks and Political pundits every say anything other than "we are optimistic but remain cautious"?
Stories about people buying without seeing the homes are just that. There are stories of people buying stocks based on what they overheard at the gym, or loosing their family fortune on bad bets. None of this means that housing as an asset class is in signs of trouble. The problem is that housing markets are in fact a loosely correlated collection of different markets based on geography and structure.
Citing weakness in Kelowna BC's condo market was a pretext for issuing a warning to Toronto's condo market by a large bank not too long ago. Anyone who has been to Kelowna and Toronto would have trouble understanding how the two even remotely compare.
Construction and development has continued in Toronto in spite of a decade of calls for a crash. Part of the problem is that Speculative busts like those in California and florida bear little or no resemblance to Toronto's market. The market in T.O. is based on Canada's largest city, with a surrounding population of 7 million. New homes are bought and lived in. condo's are rising in price as the city is revitalizing its downtown at a time when US cities are seeing people fleeing for the burbs.
People will continue to say housing prices are "frothy" or "crazy", next year if they advance people will say the same, the year after that if they advance we will hear the same remarks. At some point there will be a correction, but not because of anyone's educated guess about prices being "too high".
If you maintain that prices are too high, eventually you will be right. Until then, you might miss out on what millions of others haven't: owning property that has risen in value. This does not happen by listening to platitudes by politicians or financial pundits who are never held accountable to their failed predictions.
Everyone is in the wings with their bearish real-estate predictions praying for a break so they can jump forward to proclaim they called it. this may or may not happen. There might be bumps along the way, each short term data point will be trumpeted to proclaim the break is happening. If they are wrong they loose nothing because real estate predictions are cheap and of no value to people trying to purchase a home.
rosevillebill:
there are a multitude of ways that natural gas cars pay taxes:
1. at the pump- you still need a place to load up
2. nat gas driller pay a host of taxes, additional road-based taxes could be added to the drillers costs which will inevitably be passed on to users
3. additional or different emission taxes on natural gas vehicles paid at the point of purchase
4. natural gas fired vehicles are still a tiny total of vehicles on the road, i dont see this as an emerging issue vs. how to better tax hybrid/electric cars (which would likely see coal and hyrdro prices rise as so much energy at the plug comes from coal and hyrdro power, especially in the north east US and Ontario/Quebec)
Interesting:
the economy is showing strength, the stock market has been broadly rising, as is the USD. for the FMOC its their perfect storm. they can keep interest rates low but no need for QE so long as things appear to be improving, keep the edge off of gold and a bit off of oil.
so long as this continues, i see no real prospect for why gold will be strong, or gold miners.
either something breaks or something changes. right now so long as there are even marginal improvements and passive talk of rising rates in 2014, i am growing concerned this will hold heavy on gold. a catalyst is needed for gold at this pint imho, on it's own I fail to see why gold will jump higher when it falls every time there is good economic news.
Very sad to hear this tragedy took place.
What is most disturbing is that Canadians still believe we have the respect and admiration the world over, yet countless Canadian owned or Canadian-backed corporations are complicit in hampering native rights.
For all the positive things that mining outfits do, these kinds of stories are sickening. Armed gunmen targeted the most visible opponent of the mine in that area, those involved in mining the resource base should be more vocal in both their condemnation and their own plans to ensure opposition can be voiced without fear of reprisal.
Lucky for me the biggest enemy of Mr. Obama, Fox news, published a report by an actual Forensic expert confirming the authenticity of the Birth Certificate as shown in the infamous youtube video:
http://www.foxnews.com/politics/2011/04/29/expert-...
This type of analysis is relevant to trading simply because so much of our thought processes are coloured by baseless speculation disguised as truth and fact.
How many times have we heard that the president is faking his country of birth? How many times has actual evidence from an expert been presented in an official forum to prove its authenticity? The report compiled by Sheriff Arpaio can be conveniently purchased here for just $10:
http://superstore.wnd.com/digital/A-Question-of-El...
Why hasnt anyone who seems so convinced bought the book? Additionally why hasn't anyone given thought to the veracity of evidence that one must pay for to view, that was published by a public official?
Im glad people found this interesting, and while it shifted us away from the market for a moment or two, I think it reminds us to stay sharp in the face of disinformation. ;)
ah yes, linking back to the very same newspaper to support your argument.
this is called the "credibility gap" when people read what appears to be an official looking newspaper and assume its a credible source. instead of reading what Pravda says, read what actual people have to say about Pravda and it's history as an arm of Russian Propaganda Services.
I would take everything they post with a hefty grain of salt.
These conspiracy stories proliferate precisely because we keep recycling the same old stories and slightly changing them to create the image that there is all this evidence. Birth Certificates are printed on paper, it is forge-able. But the fact that long form birth certificates can be forged, or that people have forged them before doesn't mean that the president forged his.
This is why so many people believe this story, they are presented with "facts" which are recycled links to the same other stories, then presented with "facts" about birth certificates being easily forged and assume there must be a link.
Im not surprised people have come out in support of this idea, it has been well presented to the media and to the public.
Was Obama born in the USA?
New post in The Hidden Truth
Ah I love a good Aikido lesson,
I used to train with a great group of guys practising what Id consider to be the Russian military's adaptation of Akido: Systema
some interesting stuff here:
http://www.youtube.com/watch?v=O7_dzu4TQDs