Doug Wakefield, President of
Best Minds, Inc. has been in the financial industry for 30 years. Doug received his CFP in 1988, his Masters in Estate Planning in 1997. As of October 31, 2007 the choice was made to relinquish his CFP ...
more Doug Wakefield, President of
Best Minds, Inc. has been in the financial industry for 30 years. Doug received his CFP in 1988, his Masters in Estate Planning in 1997. As of October 31, 2007 the choice was made to relinquish his CFP designation, since broad based financial planning was no longer his focus. Since 2006, he has provided ongoing investment research and weekly commentary on world markets as well as specific recommendations on third party trading managers. His industry research paper,
Riders on the Storm: Short Selling in Contrary Winds (Jan 06), is one of the few documents written on the topic of short selling, and contains interviews with traders widely known for their experience on the short side of markets. His ongoing research, read by professional and retail traders, can be found in the publication,
The Investor's Mind, launched in January 2006. He has released over 100 public articles since 2005, the largest collection found today in the archives at
Safehaven.
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When Rare Market Data Screams, Listen
Thanks for your comments Moon. If you have ever read Charles MacKay's "Extraordinary Popular Delusions and the Madness of Crowds" (originally published in 1841), you understand that there isn't a lot of thinking going on by the public about these issues. As you so clearly point out, rates at this ultra low level which have already produced the lowest yields in US Treasuries in 200 years, and in British Gilts and German Bunds in 300 years, make it literally impossible to "cut rates" as a resue tool this time. The continued stalling of addressing the real problem (trillions in cheap loans), has only created a more powerful bust. Keep thinking and sharing with those around you who will listen. It has never been more needed.