What Was Barron's Thinking?
Financial journalism has hit a new low. I thought things were bad enough, but Barron's has just taken financial commentary to subterranean levels. The magazine's cover story this week, "Follow Me, We Can Be Like Greece," is such a massive piece of distortion that it's mind-numbing that Barron's calls itself "America's premier investing magazine." If this is premier, I shudder to think what your run-of-the-mill, pedestrian magazines are like.
It's astonishing that Barron's doesn't understand the distinction between a currency-issuing nation, such as the U.S., and a nation that no longer has its own currency, such as Greece. The distinction is huge, and anyone in finance, particularly a publication that claims to hold itself up to such a high standard, should know that. And if it does know that but still publishes this distortion, then it is displaying a very cynical and blatant contempt for the very people it proclaims to want to "educate."...560 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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