December 1st Podcast – The Dunning-Kruger effect in the alt-financial media; “Experts” of low ability mistakenly assess their cognitive ability as greater than it is

I have uploaded a podcast for December 1, 2018. Click here to go to the show archives page to listen and look at the relevant links or you can listen on the link below. You can also right mouse click here to download the podcast.

-An analysis of a financial expert on a GCN-sponsored show. People of low ability discuss the exact talking points that Ted Anderson (founder of GCN) wants to hear on his shows. It is full of non sequiturs, stopped-clock predictions, conflicts-of-interest, and analysis by the least skilled (the Dunning-Kruger effect)
-Taking the contra; the most skilled are the most likely to underestimate their knowledge and assume that others are on the same level and that they will grasp ideas easily once told.
-As described by social psychologists David Dunning and Justin Kruger, the cognitive bias of illusory superiority results from an internal illusion in people of low ability and from an external misperception in people of high ability; that is, “the miscalibration of the incompetent stems from an error about the self, whereas the miscalibration of the highly competent stems from an error about others.”
-The most skilled financial analysts and economists are too busy making money to blog on the alt-financial media for free.
-The same recommendations have been dispensed since the early 90’s. These people conveniently overlook their past errors in judgment.
-I cannot use the argument from incredulity bias as a basis for my analysis and predictions, but the promoted financial analysts in the alt-media beg to differ.
-A person who employs the  argument from incredulity bias shows a profound lack of understanding of the subject matter.
-I do not disagree with much of the alt-media analysis of the Federal Reserve. My only contention with the prevailing lot of unskilled alt-financial analysts is my conclusion that the elites have a firm control over the financial system.
-The prospect of collapse and loss of control are just illusions designed for conflict and future change. The future changes will, of course, benefit those at the top and those with the income-generating assets.
-Future changes to the economic system will adversely impact the alt-financial media followers the most.
-Alex Jones is still pumping out his partisan politics. It is worse than ever.
-The financial analysts on GCN only parrot the controlled patriot party line.