Guest Post: The Worst Advice I’ve Seen In Years

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Mon, 04/18/2011 - 12:57 | 1180894 I think I need ...
I think I need to buy a gun's picture

i have a lot from mainstream media during this crisis....i won 't be listening in the future

Mon, 04/18/2011 - 13:10 | 1180943 66Sexy
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US News and World Report


'nuff said. Insert ridicule here.

Mon, 04/18/2011 - 13:17 | 1180959 hedgeless_horseman
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I searched for info on their top holdings, returns, and portfolio manager bios, but couldn't find anyhting.  Must be an offshore house?

Mon, 04/18/2011 - 13:24 | 1180985 Don Birnam
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Editor-in-Chief of U.S. News and World Report:

Council on Foreign Relations and JP Morgan National Advisory Board member Mortimer "I Helped Write One of Obama's Speeches" Zuckerman.

Enough said indeed.  

Mon, 04/18/2011 - 13:31 | 1181027 AR15AU
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Mon, 04/18/2011 - 14:39 | 1181284 fockewulf190
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Post des Tages!

Mon, 04/18/2011 - 14:52 | 1181339 sdmjake
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"The most effectual engines for [pacifying a nation] are the public papers... [A despotic] government always [keeps] a kind of standing army of newswriters who, without any regard to truth or to what should be like truth, [invent] and put into the papers whatever might serve the ministers. This suffices with the mass of the people who have no means of distinguishing the false from the true paragraphs of a newspaper."
- Thomas Jefferson to G. K. van Hogendorp, Oct. 13, 1785.

Mon, 04/18/2011 - 20:52 | 1182371 makeyoumiss
makeyoumiss's picture


Mon, 04/18/2011 - 14:07 | 1181162 Lost My Shorts
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Funny thing is, treasurys are up today.

US sovereign on negative watch --> fear --> flight to safety --> buy US treasurys.

Mon, 04/18/2011 - 14:50 | 1181319 Agent P
Agent P's picture

Greece is the word.  USTs are still the flight to quality play...for now at least.

Mon, 04/18/2011 - 15:58 | 1181561 uno
uno's picture

looks like the real flight to safety/quality went into PSLV today, up 5.3% today, premium at record

Mon, 04/18/2011 - 13:11 | 1180946 Clueless Economist
Clueless Economist's picture


I resent this story.  It is well known that my advice is the worst.  We need 3 Trillion $ stimulus to create 10 million shovel ready jobs.

Sincerely Paul

Mon, 04/18/2011 - 13:48 | 1181086 redpill
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Look at those little beady eyes, get thee behind me satan!!

Mon, 04/18/2011 - 12:58 | 1180899 SheepDog-One
SheepDog-One's picture

LOL, well I hope a bunch of US Snooze and World Raport readers did pile into Treasuries last week.

BTW I'll help the author a bit, its not a debate over whether the US comes out on top, or political posturing the entire plan IS the takedown of america, planned demolition and confirmed total bankruptcy, and rise from the ashes into Orwellian 1 world govt. Thats all.

Mon, 04/18/2011 - 12:59 | 1180904 ivars
ivars's picture

Hear the next president of the USA as current parties will continue to do nothing about the debt-which will lead to the USA default in 2013-2014:


Treasury bubble is about to bust. That should mean no QE3.

Mon, 04/18/2011 - 13:01 | 1180918 King_of_simpletons
King_of_simpletons's picture

HA HA HA ! Interesting headline:


More downgrades to come, but stocks to stay strong: PHIL DOW.



Mon, 04/18/2011 - 13:08 | 1180945 66Sexy
66Sexy's picture

Stocks rise on Japan disaster, middle eastern turmoil, and skyrocketing oil prices

Mon, 04/18/2011 - 13:17 | 1180956 King_of_simpletons
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That is exactly what wall street and their lackies want you to think. The stocks have risen due to QE2... not due to some bogus rational about rebuilding in Japan, democrazy in Middle East and Oil prices.

Mon, 04/18/2011 - 13:15 | 1180955 whatsinaname
whatsinaname's picture

Yahoo finance has really become the de-facto platform for the boiler room stock pumpers to the sheeple ?

Mon, 04/18/2011 - 13:02 | 1180924 jal
jal's picture


If you are an investor that didn’t know about the USA financial debt problem, then you shouldn’t be an investor.


IMF said it before now S & P said it.


The interesting points are:


1. The big market movers, PIMCO and Goldman had their statements already prepared for release. 

2. The markets all move down.

3. Although Canada was declared by S & P as not being in trouble, and being great, the Canadian markets, and the $C is down, with gold going up.

4. The G20 finished their meeting.

5. None of those points are related. hahahaha!


Its all market manipulation by the banksters.




Mon, 04/18/2011 - 13:09 | 1180937 SheepDog-One
SheepDog-One's picture

Thats right, Ive been saying for months I wont feel a bit of sympathy for any of the Unicorn Dew Enema crowd in the markets chirping all day to 'BTFD', when the markets do suddenly implode one day.

Mon, 04/18/2011 - 13:09 | 1180940 cxl9
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Pile into Treasuries now, or pile in later. It really doesn't matter. Eventually the government will seize private retirement accounts and roll them into Treasuries, for your own protection of course. What other big pools of wealth are left for them to steal at this point?

Mon, 04/18/2011 - 13:17 | 1180960 InconvenientCou...
InconvenientCounterParty's picture

privatizing medicare

Mon, 04/18/2011 - 13:15 | 1180961 SheepDog-One
SheepDog-One's picture

I see, so we'll have a 3rd world banana republic with all wealth removed and zero production at all, but a vibrant Treasury collection. Yes I see now.

Mon, 04/18/2011 - 13:17 | 1180965 Long-John-Silver
Long-John-Silver's picture

Yep! It's going to happen right after the next crash. The President will come on TV and tell everyone that he's taking all your 401(k)'s and IRA's and putting them into the Social Security lock box 'at the before crash level'. You can then get your money at (the) retirement time (we specify). Everyone will jump for joy and thank TPTB for "saving their retirement".

Mon, 04/18/2011 - 14:26 | 1181236 MachoMan
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Obama doesn't have the balls...  but that's not to say his successor won't...  enter B9K9's strong man.

Mon, 04/18/2011 - 13:08 | 1180944 BrobamaReds
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Mon, 04/18/2011 - 13:12 | 1180947 onlooker
onlooker's picture
Tepco Cancels Plan To Build 2 New Reactors At Fukushima ----today Nikkei news.---- look at what S&P done went and did
Mon, 04/18/2011 - 13:18 | 1180974 whatsinaname
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There was an extremely interesting discussion on NPR this morning with the Areva USA CEO, a really smart prof from UCB (who grilled the nuke guys really hard) and made some fantastic points the most important one related to the fact that we are the only developed country using nuke power that DOES NOT have a spent fuel policy. No wonder the Japs (masters of duplication) took that one step further at Fukushima.

Mon, 04/18/2011 - 13:14 | 1180954 DonnieD
DonnieD's picture

Patriotism - Lending money to country to finance war with enemy that wants to kill you.

Stupidity - Lending money to country to give to bankers.

Mon, 04/18/2011 - 13:17 | 1180962 whatsinaname
whatsinaname's picture

Your definition of patriotism needs further analysis.

Mon, 04/18/2011 - 13:18 | 1180977 DonnieD
DonnieD's picture

I didn't have that much time or energy but I'm sure you get the drift.

Mon, 04/18/2011 - 13:16 | 1180957 velobabe
velobabe's picture

patriot day, isn't it in boston?

full moon again. i want to go some where south---------->

Mon, 04/18/2011 - 17:23 | 1181855 Bob
Bob's picture

Damn, I was brought nearly to tears by this sniveling-bitch-by-the-hair entreaty to TPTB to "be gentle to me."  Best of times, worst of times I guess. 

Mon, 04/18/2011 - 13:18 | 1180975 dracos_ghost
dracos_ghost's picture

Ok, US is in trouble. No arguments.

But Dagong Credit Agency?!!

From their website:

It expresses its national allegiance by boosting the credit rating industry in China,  and bringing the "made-in-China" concept into the international rating market.

I'd rather hear f&*^king Chuck E Cheese's input.

China is in bigger trouble than the US.



Mon, 04/18/2011 - 13:45 | 1181052 defencev
defencev's picture

That is precisely the point. How anybody can take seriously what Simon Black writes when

it is absolutely clear that he has an Anti-American bias. The whole idea is to fear-monger

" a bunch of stupid Gringos" to buy into their so-called products (which is in reality

BS). Why Chinese government agency is more objective than the other ones?

And are not they under total government control? US is definitely in position to meet its government obligations but first commies should be removed from White House..

In the end of the day people like Simon Black thrive on new US government regulations

that makes it more and more difficult for Americans to preserve their assets in Foreign Financial Institutions. It simaltaneously allows people like Simon Black to sell e.g.  the names of offshore brokerages who still accept US customers. What will happen, when all these accounts will be closed in near future due to "fat cat act" is, of course, not Mr Black business after the sale is completed. In fact, it may increase popularity of his

other"products" like second, third (up to infinity) passports...

Mon, 04/18/2011 - 13:21 | 1180993 AR15AU
AR15AU's picture

US News and World Reports is a propaganda arm of the Statist regimes. Its bile is regularly spewed across the pages of Yahoo finance. Each article a more pathetic example than the last.

Mon, 04/18/2011 - 13:37 | 1181053 glenlloyd
glenlloyd's picture

I would agree, USN&WR is propaganda, but most MSM is at this point. NBR does nothing but deliver a dumbed-down version of the same old nothings every night, it just delivers what everyone else yacks about without any thought. People making an income for talking.

This country will be unable to solve its problems because those charged with the mission do not have the ability to solve anything, and because their place in DC is hinged upon providing something to their constituents, namely transfer payments.

I'm still of the opinion that nothing will be done, QE3 will come and we will continue down this destructive path all ends.

Mon, 04/18/2011 - 13:27 | 1181018 monopoly
monopoly's picture

Good post. When the masses "march on Washington", then, it may change. Not before. Next!

Mon, 04/18/2011 - 13:47 | 1181096 Confucious 222
Confucious 222's picture

We haven't heard much from "Anonymous" lately, have we?

Maybe they're too busy making test patterns and synthesized voices for their next internet video about how they really mean it this time. 

Mon, 04/18/2011 - 17:27 | 1181868 Bob
Bob's picture

Them boyz has earned a hard kick in the fucking head of their reputation at this point.  Hackerz seem to be m.i.a thez dayz.  Fiqurz.  fuckin i.t. bitchez. 

Mon, 04/18/2011 - 14:19 | 1181197 j0nx
j0nx's picture

Sheeeit. If football goes on strike, the hops to make beer become scarce or they take Glee/AI/DWTS off the air then you MIGHT get j6p to wake up and smell the coffee and march on DC. Until then fughet about it. 21st century bread and circus.

Mon, 04/18/2011 - 13:35 | 1181039 KevinH
KevinH's picture

I bet the British made the same argument before they lost their position of global hegemony.

Mon, 04/18/2011 - 13:39 | 1181060 trav7777
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we had a credible army and navy then

Mon, 04/18/2011 - 13:35 | 1181042 michigan independant
michigan independant's picture

The argument for free trade is based on the idea that market forces are self regulating and that any attempt at interference will just damage the economy. There is also the argument that free trade leads to improved relations between different countries.

The argument against free trade doesn’t tend to be so trusting of market forces to create the best deals for people. If a foreign entity can come in and undercut local businesses then this could easily destroy these businesses. It could also suck a lot of money out of a country as imports start to rise higher than exports. There is also the persuasive argument that the reason why some countries are able to produce things more cheaply is that they have unfair labor laws.

The Consumer is a ruthless arbiter.

Government’s only having their short term survival in mind and nothing else.  

What is the division of labor?

Do you sign the front of the Check?

It is ok to kill you since you do not believe.

Paddle your own canoe since they will figure it out sooner than later they need to trade since the tailor will figure out the baker has the advantage. This statement made me an anarchist.


Mon, 04/18/2011 - 13:39 | 1181054 trav7777
trav7777's picture

enough about fucking Dagong...where the hell are their downgrades to Chinese fraud companies that are uncovered DAILY around here?

Mon, 04/18/2011 - 13:43 | 1181068 carbonmutant
carbonmutant's picture


Mon, 04/18/2011 - 14:11 | 1181180 Arius
Arius's picture

"In total contrast, US News and World Report published an article a few days ago entitled Why you should buy U.S. Treasuries,” which amounts to the worst advice I’ve seen in years."

Now, i understand what they mean about a bubble...front page, articles and all that...yeah well...even i get it much for being able to solve ZH math question...

Mon, 04/18/2011 - 13:41 | 1181059 Bam_Man
Bam_Man's picture

"Bang Dagong,

Get it on,

Bang Dagong."

Mon, 04/18/2011 - 13:40 | 1181065 slewie the pi-rat
slewie the pi-rat's picture

ok!  dagong-show now in!  t.y., simon_B!!!  still, the data is old.  the party is flexing its muscles a bit V. the fabulous casino action in asia, and perhaps dagong will be told to stop dissing the US for some reason.  by its party overlords.  who knows? 


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