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Equally silly


 

Rob Silver (responding to Adam Radwanski, who was responding to Rick Anderson) considers whether prime ministers and presidents should be dispensing stock advice.

I have no idea if today is a better time to buy than October 7th. The index is 20% cheaper but that doesn’t necessarily make it a better buy. Things could still get much, much worse. Or not. I have no idea what is going to happen to the economy or the market over the next number of months and years. Of course, neither does Barack Obama.
 
So, while I have no problem with presidents or prime ministers acting as cheerleaders-in-chief for their economies, the notion of them acting as financial advisors to the nation is equally silly on either side of the border.

The first segment of last night’s Daily Show is not unrelated to this discussion.


 

Equally silly

  1. Off topic , but interesting , is that today Mr. Silver is flogging the benefits of high speed rail …. as opposed to the detriments and indignities of air travel.

  2. That Daily Show segment Aaron linked to is absolutely hilarious. Required viewing.

  3. Andrew Steele (aka – Wells’ train loving alter-ego at that other site) and I are two different people. Or at least I think we are….

    I like to think of myself as the CNBC of Canadian bloggers.

    • ( blush ) So sorry. I just knew it was one of those names that sounded like something nobody’s buying these days.

  4. Let me just agree that that Daily Show segment was brilliant.

    Mad me mad and laugh out loud at the same time.

  5. Ya the stock tips really help people who can’t even afford to pay their rent, groceries, etc… Thanks for the tips Mr. Prime Minister!

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