dailyreckoning.com.au / By Greg Canavan / January 30th, 2013
It’s come to our sleep deprived attention (we’ve got a one-month old in da house) that one Dr Alex Cowie, our colleague who writes over at Money Morning, is sticking it to the China bears. Being the biggest China bear in the office, it’s slowly dawned on your somnambulist editor who the Doc is having a go at.
Which is fine by us. It’s all good natured. And we welcome criticism…even veiled criticism! When someone challenges your position it makes you think about your arguments. That’s especially the case when you make your arguments public, as we’ve done with China’s economy for much of 2012.
As the old adage goes, different views and opinions are what make a market. And while it might be confusing to you that two people in the same office, working for the same company, can have polar opposite views, we would argue that’s exactly what an independent publisher should be aiming for.
There’s no such thing as a ‘house’ view here. That type of straightjacketed idiocy is for large organisations who like to tell their employees what to think. We always chuckle when someone from some ‘institution’ writes, for example, a controversial op-ed piece or something similar in the media. Then as a footnote, they make it clear that the views are their own and in no way associated with their ‘organisation’.
So after cleansing themselves of independent thought, they plug back in to their official position telling everyone not to worry…’these aren’t the risks you’re looking for’…’stay invested’…’things are getting better’…
Such is the nature of the institutionalised financial world.