Friday, January 23, 2009

Economists turn to YouTube for answers

From Evan Essence's report in The Spoof:

The startling and unbelievable accuracy of the predictions by Lindsey Williams, regarding the true reasons for the drastic changes in oil prices, over the last year, has turned him into a true Internet celebrity.

Lindsey Williams has become the number one most searched video on YouTube New Zealand. Now, mainstream economists, from around the world, are logging on to watch Alex Jones interview Lindsey Williams.

Economics is often referred to as the "Dismal Science", in part because it has such a dismal record of making any accurate predictions of market trends.

Foremost market commentator, Jim Cramer, who failed to predict October's record global stockmarket crash, until 2 days before it happened...was quoted by Barron's last week, as saying "Gee, golly....if only I had logged onto Youtube, and listened to the financial minister of Ireland, last June, predict that the entire global financial system would collapse in September....(well... it didn't actually collapse until a week later...the first week in October)....I would have saved my clients billions of dollars in losses." ...

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