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Zerohedge, what do you think?


sport02

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Sep 25, 2010
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I joined this site about two and a half years ago and it was the first time I came across Zerohedge. I follow alot of people on twitter including Zerohedge. I think that Zerohedge is an excellent source of real time upto date news in the euro area and beyond, you cannot knock it for that. But what do people really think of Zerohedge. A thread recently started by a regular p.ie member had posted by another member that he/she was our very own Zerohedge.

Before Christmas of last year, on my twitter account, one of the accounts I followed, Zerohedge, I got fed up with the constant feed of Goldman Sachs,Gold and QE3. I know a few respected people on twitter following the eurozone crisis got so fed up with Zerohedge that they tweeted they no longer follow him on twitter.

Is Zerohedge a group of young twenty year olds projecting the world is going to end, the euro is dead, and buy gold or is there merit in their logic?

I start this thread, as Zerohedge or Zerocred gets alot of bashing on this site.
 
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YouKnowWhatIMeanLike

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Apr 13, 2011
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I joined this site about two and a half years ago and it was the first time I came across Zerohedge. I follow alot on tiwtter including Zerohedge. I think that Zerohedge is an excellent source of real time upto date news in the euro area and beyond, you cannot knock it for that. But what do people really think of Zerohedge. A forum recently started by a regular p.ie member was posted by another member that he/she was our very own Zerohedge.

Before Christmas of last year, on my twitter account under Zerohedge, I got fed up with the constant feed of Goldman Sachs,Gold and QE3. I know a few respectable people on twitter following the eurozone crisis got so fed up with Zerohedge that they tweeted they no longer follow him on twitter.

Is Zerohedge a group of young teens projecting the world is going to end, the euro is dead, and buy gold or is there merit in their logic?

I start this thread as Zerohedge or Zerocred gets alot of bashing on this site.
zerohedge can be fun to read and sometimes reveals a good a story. but it's also an extremely biased and mostly unreliable source. for trusted information you need to look elsewhere.
 

GDPR

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He gets a bit overexcited, the worse the news, the more overexcited he seems to get.
Which is an odd reaction unless you're of a particular bent.
 

YouKnowWhatIMeanLike

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He gets a bit overexcited, the worse the news, the more overexcited he seems to get.
Which is an odd reaction unless you're of a particular bent.
it's not just one person, it's a continually changing group of anonymous authors on zerohedge.
 

Dublin 4

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Feb 6, 2011
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12,993
Like I said - I'm Zeer O'Hedge without the predictions.

That way ya can't be wrong... ;)
 

sport02

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When I say respected followers on twitter, I mean Irish bond traders, Irish market analysts. English FT journos and Italian eurozone journos.
 
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Dublin 4

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Get them to follow us :p
 

stopdoingstuff

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Feb 26, 2011
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It is what it is- a, aggregatio platform with some editorializing, where various people prevent investment theses, updates from various financial types, comment, very biased opinion, and often contradictory points of view. It's virtue is that it gets viewpoints out there that might not often get an airing and that are often very, very on the money. It's downside is that it's shotgun approach to sources means that it turns up as much dross as it does gold.

But I prefer it to mainstream publications on the basis that I have some sort of chance of reading something actionable there, but I have virtually no chance of doing the same in most major publications, since they are usually packed with uncritical regurgitation of official opinion, someone trying to sell you something, or extremely smug buckets of hindsight.

I do know for a fact that I have personally profited from reading the likes of Reggie Middleton and some of the exposes of US listings of Chinese stocks by Muddy Waters. I also know that they were miles ahead of the curve on predicting the crisis,on their extremely good work on high-frequency trading, their shredding of BLS statistics, their work on the robosigning saga, and their frequent exposes on just what Goldman Sachs gets up to, I also see that BOA have banned it's employees from reading Zerohedge, so they are therefore on the right track.

They also have far more integrity than the happy-clappy cheerleading shills at CNBC and Bloomberg. I think Matt Taibi gives a good flavor of ZH at its best:

“ Right around that same time, there were three media stories that helped focus a swirl of seriously negative attention on the bank. My piece was one, New York magazine's Joe Hagan wrote another, and the third was a series of stories by a heretofore little-known blogger who went by the nom de plume of "Tyler Durden" on a blog called Zero Hedge.
Durden's blog was written in an impenetrable Wall Street jargon, and the man himself – later outed by nosy reporters as an Eastern European trader who had been sanctioned by FINRA – was intimidating even to Wall Street insiders. "Zero Hedge, man, he makes my head hurt" was a typical comment from my Wall Street sources.
Beginning in early 2009 Durden had been on a jihad about Goldman, having sifted through trading data to make what he insisted was an airtight case proving that the bank's high-frequency or "flash" trading desk was engaged in some sort of large-scale manipulation of the New York Stock Exchange. Durden drew his conclusions by scrupulously analyzing trading data the NYSE released each week. So what happened? Naturally, the NYSE on June 24 changed its rules and stopped releasing the data, seemingly to protect Goldman from Zero Hedge's meddling.
Zero Hedge - Wikipedia, the free encyclopedia

For those who don't like it, they usually make the mistake of thinking it as some sort of mainstream publication whose focus is straight reporting. This is not what Zerohedge is or does.
 

Shpake

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Some great articles, but a lot of the writers don't seem to have an anchor to anything... except that they are vehemently opposed to money printing... keynesian economics that is going on at the mo.
can be beautifully anarchistic and can be a wonderful disrespectull contrast to the respectable pearls of bull that the MSM mainstream media spread out before the swine to lap up.

They have lost significant credibility in pushing gold as it's now down to 1550 or so and they were predicting a climb from 1800/1900$/oz to the heavens... 10 000 or am I letting my imagination run...? was it 3000?
 

seabhcan

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sport02

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There are about 20-30 people on twitter that I follow regarding the eurozone and U.S economy but when new data comes out of America recently and most tweet possitvely, I know when I go to Zerohedge there will be a negative slant and there usually is. Why?
 

odlum

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The site is a front for investment in commodities - notably gold. That is the agenda. Talk everything down - buy gold! OP you are very naive. You are the type they like (but for the wrong reasons).
 

ibis

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I would imagine it's a useful source if you're a trader, but like many such, its wider analysis is often driven by apparently assuming that a given trend will continue to some kind of conclusion.

If you're not a trader, or of a trading mentality, that makes its output somewhat similar to listening to a "pendulum analyst" raving about how the pendulum is "going to swing right out THROUGH THE WALL, FOLKS!! You heard it here first!!", and then five minutes later roaring exactly the same thing about the swing back. Useful if you make your money on swings, but otherwise frankly a bit weird.

It also suffers from - and this is part of its attraction, I think, for many of its followers - what we might as well call a 'conspiracy theory of markets', where all these swings are driven by the hidden forces ZH works to expose.

For me, that has two or three problems - first, it adheres to the general flaw of believing that market movements always reflect underlying realities, which one quick look at Greek sovereign bond prices through most of the previous decade will tell is utter bollox. Second, I don't really believe that ZH writers are actually able to see significantly deeper on a regular basis than anyone else - if they could, they'd be multi-billionaires, and as far as I can see, they're not. Like other analysts, I dare say they have occasional flashes of insight - and like other analysts, I dare say mostly they don't.

Finally, yes, they're doom-porn guys. The whole reason for the Tyler Durden moniker is the underlying "reset the world financial system" ethos, and they tend to extrapolate their assignation of hidden causes for market movements right out to the existential and global political level, which is like squinting down your six-inch ruler to give an accurate course to Alpha Centauri.

Plus, of course, what odlum says - there are very few 'market analysts' who aren't selling you something. Nearly everything the financial sector writes is advertorial.
 

sport02

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Sep 25, 2010
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The site is a front for investment in commodities - notably gold. That is the agenda. Talk everything down - buy gold! OP you are very naive. You are the type they like (but for the wrong reasons).
Thanks for the concern but I like to think I have my head screwed on. I repeat again for anyone looking for real time day to day news in the eurozone, Zerohedge is near to superb, a constant feed of news, it us upto to you to follow up on their logic or analysis.
 

Fractional Reserve

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Apr 30, 2011
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You are right it is good for updating pretty quick whats going on around the world and they do have some very good contributors.Its not liked by mainstreamers who prefer to get their stuff fromm the likes of cnbc, bloomberg etc .Its also has a lot of contributors that like small government and less interferance by ahole politicians , which of course is hated by government loving statist types.
Thanks for the concern but I like to think I have my head screwed on. I repeat again for anyone looking for real time day to day news in the eurozone, Zerohedge is near to superb, a constant feed of news, it us upto to you to follow up on their logic or analysis.
 

Ribeye

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Jul 12, 2011
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26,306
Stop talking about fight club!!!!
 
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