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Thread: Why does RTÉ treat stockbrokers as independent experts?

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    Default Why does RTÉ treat stockbrokers as independent experts?

    Time and again Davys or Goodbodys are solemnly presented by the State broadcaster as if they were some authoritative independent experts on something. The Goodbody forecast on growth next year was second lead on tv news this week.

    The record of disaster visited on people who followed stockbrokers in recent years is plain for all to see.

    Why are these boys still rolled out unchallenged and treated as if they were wise gurus with no vested interest?

    No one else enjoys such untouchability.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Quote Originally Posted by He3 View Post
    Enough is enough. Time and again Davys or Goodbodys are solemnly presented by the State broadcaster as if they were some authoritative independent experts on something. The Goodbody forecast on growth next year was second lead on tv news this week.

    The record of disaster visited on people who followed stockbrokers in recent years is plain for all to see.

    Why are these boys still rolled out unchallenged in the style of wise gurus?

    No one else enjoys such untouchability.

    Couldn't agree more. It's absolutely shameful.

    Stockbrokers are not spectators, they are players and should be treated as such.

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    Sure they still trot out Desperate Dan and Comical Austin!
    Soul almost completely worn through

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    Goodbodys are owned by AIB, hardly independent now are they?

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    Why?
    Because RTE are lazy, repititive drones.

    Quite why some journalist doesn't get all of these clown's predictions from 2006/2007 and publish the whole lot of them is a mystery but they should and embarass these useless windbags.
    Stockbrokers are a busted flush, only lazy morons with too much money who don't mind handing vast quanties of it away for usless advice will ever use them again.


    Having said that, it is hard to find anyone who could be termed knowlegable yet reliably independent.

    Last thing you want is some spotty, opinonated chart geek on whacking off about double top formations, break outs and bollinger bands.

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    Quote Originally Posted by SamVimesBoots View Post
    Sure they still trot out Desperate Dan and Comical Austin!
    Dan McLaughlin is always good for a laugh!

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    And Primetime had Pat McArdle, former chief economist of Ulster Bank, on defending NAMA last night. It's a disgrace.
    I have opinions of my own - strong opinions - but I don't always agree with them. - George Bush

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    By contrast, whatever you think of V Browne, the format of his programme last night on NAMA was appropriate - the stockbroker pushing NAMA was given no special deference and was duly mashed in the discussion.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Politics.ie Member Estragon's Avatar
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    Quote Originally Posted by He3 View Post
    Time and again Davys or Goodbodys are solemnly presented by the State broadcaster as if they were some authoritative independent experts on something. The Goodbody forecast on growth next year was second lead on tv news this week.

    The record of disaster visited on people who followed stockbrokers in recent years is plain for all to see.

    Why are these boys still rolled out unchallenged and treated as if they were wise gurus with no vested interest?

    No one else enjoys such untouchability.
    That happens for quite a few interest groups, but the stockbrokers are a particularly laughable example. Nothing in my dealings with them has persuaded me that they are anything other than spin-the-wheel merchants.
    Last edited by Estragon; 16th October 2009 at 04:53 PM. Reason: typo
    We are all born mad. Some remain so.

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    Quote Originally Posted by code twinkle View Post
    And Primetime had Pat McArdle, former chief economist of Ulster Bank, on defending NAMA last night. It's a disgrace.
    David McWilliams is an ex investment banker - UBS

    Constantin Gurdgiev was director of research at NCB

    Stockbrokers need pretty heavyweight analysts to produce good research to attract clients, and they can have quite large research teams who share notes & thoughts all the time

    Not tapping into this resource pool would be foolish, and of course you should be careful regards how impartial they are - everyone has vested interest

    What next... demand that FFers & GP be absent during debates on government policy ?

    cYp
    "Yawn , am I alive yet ?"

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