Submitted by Tyler Durden on 10/15/2012 - 14:07
undefinedSeveral years ago Jeff Macke had his brief run in with comedic immortality courtesy of the "Car People" Fast Money episode which promptly cost him his job, if generating countless hours of Wall Street laugh out loud humor in the process. Ever since then he has more or less fallen off the financial pundit horizon, which in retrospect is sad, because as he shows here, he still has a fascinating ability to cut through the BS. Because while earlier we explained why Citi's numbers were nothing short of garbage, with the headline spin being used just to fool algos and various other non-carbon based trading lifeforms, using run-on sentences and pretty charts, Macke does this far, far more efficiently, and with far more exuberance than even we thought possible: "There's a genius to it. These numbers mean NO-THING, because they can report whatever they want." The man's still got it, even if no car people were destroyed in the filming of this segment.
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http://www.zerohedge.com/news/2012-10-15/jeff-macke-citis-earnings-these-number-mean-no-thing
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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