Thursday, January 24, 2008
We at GMO are a Buy side firm. We have many banks who are trying to sell their products to us.
As a result, we subscribe to their research and their views.
Since the Middle Eastern Markets were my speciality, I subscribed to this particular bank' (say X) research. My boss said it is the best research in the middle east. Though never impressed with their quality, I made do for lack of choice. But of late, I have come to have serious as in very serious doubts about the research analysts there. Here's Why!
In a comment on the impact of Fed's emergency rate cut on the middle eastern markets, this was said (among many other things)
"...The Fed has once again fallen into the trap of encouraging moral hazard in the financial markets. However, as Nelly Furtado, Timbaland and Justin Timberlake sang so beautifully, “All good things must come to an end” and I am getting increasingly confident that the US markets will find it extremely difficult to dodge the ‘silver bullet’ of a bearish turn..."
My beef with this statement takes two forms:
First, when a phrase like "All good things come to an end" is attributed to of all things a Hip Hop Artist, it shows poorly on your ability to exemplify.
Second, I understand Justin Timberlake didn't have much (anything) to do with this song. The MTV Video music awards 2007 had the three of them performing together, but separate songs if I remember accurately.
Tip of the day: The Middle Easterners really have to be introduced to "The Who" or "The Doors" or even the Beatles. Quoting them makes one sound a lot more refined. And not to forget the adjective "beautiful" is more appropriate there.
As a result, we subscribe to their research and their views.
Since the Middle Eastern Markets were my speciality, I subscribed to this particular bank' (say X) research. My boss said it is the best research in the middle east. Though never impressed with their quality, I made do for lack of choice. But of late, I have come to have serious as in very serious doubts about the research analysts there. Here's Why!
In a comment on the impact of Fed's emergency rate cut on the middle eastern markets, this was said (among many other things)
"...The Fed has once again fallen into the trap of encouraging moral hazard in the financial markets. However, as Nelly Furtado, Timbaland and Justin Timberlake sang so beautifully, “All good things must come to an end” and I am getting increasingly confident that the US markets will find it extremely difficult to dodge the ‘silver bullet’ of a bearish turn..."
My beef with this statement takes two forms:
First, when a phrase like "All good things come to an end" is attributed to of all things a Hip Hop Artist, it shows poorly on your ability to exemplify.
Second, I understand Justin Timberlake didn't have much (anything) to do with this song. The MTV Video music awards 2007 had the three of them performing together, but separate songs if I remember accurately.
Tip of the day: The Middle Easterners really have to be introduced to "The Who" or "The Doors" or even the Beatles. Quoting them makes one sound a lot more refined. And not to forget the adjective "beautiful" is more appropriate there.
Labels: A wag of my finger goes to...
# posted by qq @ 11:34 AM 
