Must Reads Friday, May 1, 2009
Source: http://feedproxy.google.com/~r/ContrarianProfits/~3/Dzr-iSf-YPw/16125Posted on Friday, May 1st, 2009 | In Market Commentary
Contributed by: Contrarian Profits (http://contrarianprofits.com) -
John Mauldin on the great inflation-deflation debate InvestorsInsight
Feds delay stress test results… again Bloomberg
Blaming the rich, Irish style The Irish Times
Willem Buiter and the controversy at the Federal Reserve [video]The Big Picture
Meet the Cassandras: the 14 most strident critics of Obama’s economic policies Salon.com
Willem Buiter on why ‘green shoots’ are grounds for cautious pessimism FT
Report: Stress test results to be released on May 7 Calculated Risk
World Bank bonds show what happens when governments rush rescues Bloomberg
A Chrysler bankruptcy won’t be quick WSJ
Not too much to show for the first 100 days IBD
Last 5 posts by Contrarian Profits
- How and Why China Will Flood the Gold Market - November 25th, 2009
- Gold – getting in while the bull’s still hot - November 25th, 2009
- Gold – Not the end, but possibly a correction - November 24th, 2009
- How do retail sales stack up in an atypical recovery? - November 24th, 2009
- The Best Energy Investments in the World - November 23rd, 2009
Tags for this Post:
bloomberg, contrarian profits, Federal Reserve System, International Bank for Reconstruction and Development, John Mauldin, Market Commentary
bloomberg, contrarian profits, Federal Reserve System, International Bank for Reconstruction and Development, John Mauldin, Market Commentary



ContrarianProfits.com is a financial news and opinion website with a twist. As investment guru Rick Rule puts it, “You are either a contrarian or a victim.” In the financial world, most people are losers because they just don’t know what game they’re playing. They think they can just get “into the market” along with everyone else, do what everyone else does, and they will make money. Not likely. By the time you’ve paid commissions, spreads, fees, taxes – and suffered the consequences of inflation – you’ll be very lucky just to have as much money as you started with.
ContrarianProfits.com is a contrarian site, in the sense that we provide ideas, opinions and recommendations that often run counter to the mainstream financial press. We do this not just to be contrary, but because we’ve realized that Rick is right. You don’t make money by following the crowd; you make money by leading it.
Why is this so? Well, it’s obvious that if you do the same thing everyone else does you’ll get the same results everyone else gets. On average, and over the long run, real investment returns for the typical investor cannot exceed the rate of growth of the economy itself. Everybody can’t get richer faster than everybody else. Real economic growth in the US today averages about 3% per year; if you don’t make any mistakes, that’s about what you can expect. Few people may be satisfied with 3% per year, but most feel comfortable in the middle of the financial herd and are happy to take whatever that gets them. If you’re one of those people, you will probably not like our site. It will make you uncomfortable.
If, on the other hand, you’re willing to look at things a little differently, you’ll appreciate the views of many of our columnists, contributors and visionaries.
