Newsflash for the Pundits: Analysts have a poor collective track record

http://www.TableOfWisdom.com ^ | July 23, 2011 | by Scott Ryan

[publius321]

"...The actual significance of what has taken place in this incident is being misinterpreted.

Pundits like O’Reilly, Kudlow, Charles Krauthammer and old guard Senators like James Coburn are championing the status quo. Krauthammer is contending that Republicans have “over played their hand” and “appear as unreasonable”.

The fundamental problem with all of their melodrama is they are all making the mistake of assuming that the proffered opinion of S&P and Moody’s is somehow an axiom.

Nobody is asking the question, who are these people and –why- should we give their opinions automatic credence? I take issue with the very premise. The notion that our debt- should- be DOWNGRADED based upon the debt ceiling not being raised is erroneous at its core and here’s why...." (continued)

[ken21]

bor, kraut et al have been around too long.

[ElectronVolt]

I have thought for years that Krauthammer has an undeserved reputation which actually comes more from his pompous delivery than anything novel or well thought out. He is mostly a defender of the status quo and the ruling class.

[publius321]

Well said. Roger Ailes really likes the guy for some reason.

[Migraine]

Krauthammer is contending that Republicans have “over played their hand”

The new House holds ALL the cards in this hand. It is impossible for them to overplay it. There is a danger, however, that the nitwits will talk them into underplaying it.

[Tuketu]

Scott Ryan? Who is he, no less what is his credentials to pontificate on any thing.. Guess he thinks he is in the same league as Krauthammer et a; (Not)

[bray]

The Country Club hates the Tea Party.

Pray for America

[publius321]

Apparently you didn’t read the part at the end of the column with the track record of Scott Ryan, bio etc.

That question was asked by Scott Ryan and answered. There’s a bio there as well.

There’s an angry and miserable critic in every crowd.

[leprechaun9]

Spelling suggestion:

Pundits = Anal-ists

[Elle Bee]

Wasn't Krauthammer a democrat speech writer?

He positions himself amongst liberal panels to give the appearence of being the sage conservative voice

.

[Donald Rumsfeld Fan]

Pundits like O’Reilly, Kudlow, Charles Krauthammer.......The fundamental problem with all of their melodrama is they are all making the mistake of assuming that the proffered opinion of S&P and Moody’s is somehow an axiom. ............ how soon we forget that many of these analysts slapped AAA ratings on CDO’s and CMO’s that were packed with tranches of pure garbage, liar loans.

great article.....excellent insight ...especially useful to investors.

[ken21]

how true!

i was thinking the other day that moody’s seems to be moving the political dialog along in obama’s favor.