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Why does RTÉ treat stockbrokers as independent experts?


He3

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Time and again Davys or Goodbodys are solemnly presented by the State broadcaster as if they were some authoritative independent experts on something. The Goodbody forecast on growth next year was second lead on tv news this week.

The record of disaster visited on people who followed stockbrokers in recent years is plain for all to see.

Why are these boys still rolled out unchallenged and treated as if they were wise gurus with no vested interest?

No one else enjoys such untouchability.
 

red-365

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Enough is enough. Time and again Davys or Goodbodys are solemnly presented by the State broadcaster as if they were some authoritative independent experts on something. The Goodbody forecast on growth next year was second lead on tv news this week.

The record of disaster visited on people who followed stockbrokers in recent years is plain for all to see.

Why are these boys still rolled out unchallenged in the style of wise gurus?

No one else enjoys such untouchability.

Couldn't agree more. It's absolutely shameful.

Stockbrokers are not spectators, they are players and should be treated as such.
 

SamVimesBoots

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Sure they still trot out Desperate Dan and Comical Austin!
 

Digout

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Goodbodys are owned by AIB, hardly independent now are they?
 

Anorakphobia

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Why?
Because RTE are lazy, repititive drones.

Quite why some journalist doesn't get all of these clown's predictions from 2006/2007 and publish the whole lot of them is a mystery but they should and embarass these useless windbags.
Stockbrokers are a busted flush, only lazy morons with too much money who don't mind handing vast quanties of it away for usless advice will ever use them again.


Having said that, it is hard to find anyone who could be termed knowlegable yet reliably independent.

Last thing you want is some spotty, opinonated chart geek on whacking off about double top formations, break outs and bollinger bands.
 

code twinkle

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And Primetime had Pat McArdle, former chief economist of Ulster Bank, on defending NAMA last night. It's a disgrace.
 

He3

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By contrast, whatever you think of V Browne, the format of his programme last night on NAMA was appropriate - the stockbroker pushing NAMA was given no special deference and was duly mashed in the discussion.
 

Estragon

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Time and again Davys or Goodbodys are solemnly presented by the State broadcaster as if they were some authoritative independent experts on something. The Goodbody forecast on growth next year was second lead on tv news this week.

The record of disaster visited on people who followed stockbrokers in recent years is plain for all to see.

Why are these boys still rolled out unchallenged and treated as if they were wise gurus with no vested interest?

No one else enjoys such untouchability.
That happens for quite a few interest groups, but the stockbrokers are a particularly laughable example. Nothing in my dealings with them has persuaded me that they are anything other than spin-the-wheel merchants.
 
Last edited:

cyberianpan

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And Primetime had Pat McArdle, former chief economist of Ulster Bank, on defending NAMA last night. It's a disgrace.
David McWilliams is an ex investment banker - UBS

Constantin Gurdgiev was director of research at NCB

Stockbrokers need pretty heavyweight analysts to produce good research to attract clients, and they can have quite large research teams who share notes & thoughts all the time

Not tapping into this resource pool would be foolish, and of course you should be careful regards how impartial they are - everyone has vested interest

What next... demand that FFers & GP be absent during debates on government policy ?

cYp
 

cactusflower

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Relatively speaking, academic economists with tenure have less of a vested interest.

The issue isn't that the stockbrokers should be stopped from speaking, but that they have a vested interest in "boosting market confidence" and that RTE shouldn't present them as though they were addressing us from the top of an ivory tower.
 

code twinkle

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David McWilliams is an ex investment banker - UBS

Constantin Gurdgiev was director of research at NCB

Stockbrokers need pretty heavyweight analysts to produce good research to attract clients, and they can have quite large research teams who share notes & thoughts all the time

Not tapping into this resource pool would be foolish, and of course you should be careful regards how impartial they are - everyone has vested interest

What next... demand that FFers & GP be absent during debates on government policy ?

cYp

True. I was going to back up my comment with multiple examples of his former cheerleading for the property bubble...but the IT figured out the password to the archive isn't mine. :(

How and ever in my defence...in Sept he was "until recently" chief ec in Ulster bank. And unlike Gurdy or McWilliams he still works as "an independent consultant"...eg. in the industry
 

powderfinger

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Time and again Davys or Goodbodys are solemnly presented by the State broadcaster as if they were some authoritative independent experts on something. The Goodbody forecast on growth next year was second lead on tv news this week.

The record of disaster visited on people who followed stockbrokers in recent years is plain for all to see.

Why are these boys still rolled out unchallenged and treated as if they were wise gurus with no vested interest?

No one else enjoys such untouchability.
The guiding principles of due deference and corpulent governance .
 

He3

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katy brock

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Relatively speaking, academic economists with tenure have less of a vested interest.

The issue isn't that the stockbrokers should be stopped from speaking, but that they have a vested interest in "boosting market confidence" and that RTE shouldn't present them as though they were addressing us from the top of an ivory tower.
Very true. Stockbrokers make their money (mostly) through commission on sales. Volume is king. They've made a sh1tload of money on Irish bank shares recently. Here's today:
RTÉ Business: Markets Irish Shares

The idea is to keep the punters trading. Happy days!
 

Eamonn76

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Aug 26, 2009
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When RTE say an analyst is from a stockbrokers alarm bells don't ring in a layman's ears the way they would if you said he was a property analyst from an auctioneers. I think we should start calling stockbrokers "financial auctioneers". That is what they are and it gets the point across.
 

tibby

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it does seem only the most optimistic make it onto rte. VB is one of only a few journalists prepared to go against the grain.
 

powderfinger

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No deference is due but yes the governance surely is corpulent.
None due at all He3.:)
However,to my ears, some inside the tent @ RTÉ seem unsure of their remit.
Communication from Donnybrook often looks and sounds more akin to Public Servile Broadcasting.

The lickarse,shallow fawnings ,to the likes of FitzPatrick and a host of unremarkable A.N. Others' lodged in the vault of the Montrose Boombox,are surely a treasure trove of Comedy Gold,going forward?
 

He3

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None due at all He3.:)

However,to my ears, some inside the tent @ RTÉ seem unsure of their remit.

Communication from Donnybrook often looks and sounds more akin to Public Servile Broadcasting.

The lickarse,shallow fawnings ,to the likes of FitzPatrick and a host of unremarkable A.N. Others' lodged in the vault of the Montrose Boombox,are surely a treasure trove of Comedy Gold,going forward?
Comedy Gold? More like Raves from the Grave.
 
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