Friday, May 11, 2012

Bloomberg's Silly Investor Poll

Bloomberg is peddling their ridiculous poll of global investors again, purporting to claim that Obama is widely preferred by global investors and "has a better vision for the U.S. economy."  As I have said, I am in this business and I meet very few people who feel that Obama is better for the the economy and for investors, even among people that voted for Obama in 2008.  But I guess you can get such a poll to say what it says if you really try.  Sure maybe European investors who all live in crumbling social-democratic zombie states prefer Obama to the likely ridiculous image of Romney that they can glean from the pages of Der Speigel.  So yeah, anybody could get this poll result if they wanted, and Bloomberg definitely wants it.  Barron's, more accurately in my view, nailed it long ago.  The poll results are simply laughable on their face - the number of investors in this business in America that prefer the guy who never had a real job over the guy that built a large private equity company are few and far between.

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