Tuesday, February 24, 2015

EuroGroup - Money For Nothing And Your Debt For Free?

There's an interesting question about "analysis" which confronts anyone who seriously wants to engage in it: do you organize your focus around what you want to happen (practical policy emphasis) or do you concentrate your efforts in detailing and outlining what you think will happen? Naturally the closer you are to having an ideological discourse the harder this distinction is to either see or maintain. But even for "non ideological" thinking the issue is far from being an easy one. Whether or not there is any such thing as "objectivity" is a complex philosophical question and attempts to achieve it fraught with all manner of difficulty, but surely we at least have to try?

I raise this point, because while those who write what is called "sell side" analysis do no more (and no less) than the name suggests - no one would really think such work was either objective or independent - we shouldn't abandon too easily the objective as being unattainable.
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