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It's not the election....
Did you hear that 15,000 reporters are going to be in Denver to cover the Democratic National Convention?
To cover a story for which we all already know the ending.
In a time when the news media is under such financial constraints.
If you gave me 15,000 reporters, I could get to the bottom of the sub prime mortgage crisis, the housing bust, the credit crunch, the auction-rate securities meltdown, the shadowy world of derivatives ----- every place where light needs to shine in the financial world.
It's not the election, it's the economy that needs some real reporting today.
Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...
Comments
"The shadowy world of derivatives"
It's the same everywhere. Derivatives - options in particular - receive negative press.
The truth is that options are used by millions of investors to reduce risk. Yes, there are option strategies that make it less likely that an investor will lose money when investing in the stock market.
Why is that still a mystery to so many investors? I think it's because too many financial planners and journalists decline to mention options in a favorable light.
Best regards,
Mark
Posted by: Mark Wolfinger | August 25, 2008 1:52 PM
Options and derivatives don't have to be mentioned in the same sentence. Derivatives can be vastly more complicated and usually are far less transparent than options.
Posted by: Harriet | August 25, 2008 2:02 PM