December 16, 2002
Letter: Self-Gratifying Reports Help Analysts Feign Insight
Tad Clarke hit the nail on the head regarding his editorial on analysts ("Let's Get Rid of Analysts," Dec. 2). In these difficult times especially, analysts really do not have a clue as to what is going on. All they can do is feign knowledge and insight by releasing self-gratifying, byline "reports" on the latest economic statistics, without having to do any actual research or "analysis" on their own. What a profession!
On another note, I regularly enjoy the newsletter and DM articles, so keep up the good commentary and work.