Barton Biggs' ramblings on the "plumber" deal was his instrument to self aggrandize in the 3rd person. In reality, plumbers do not work on the weekends, about the only time that a hot shot like Biggs might get the chance to ever associate with a "plumber". Why would an over paid Wall St "strategist" ever stay home to watch a "plumber" at work? Oh please.
His point was that the "plumber" was a metaphor for the common man. Oh please! "plumbers" just happens to be middle class, hard working business people, and quite possibly have sharper real world minds than one Mr Biggs.
One question for Biggs and Roach. How can they say they really know the economy and the "real" world if all they do is hopping 5 stars resorts in places like Madrid, Paris, Shanghai, Hong Kong, Monanco, and Crete. Oh please.
Kissing the wealthy and the powerful's asses does not make them better analysts, it just makes them think they have make it and are so "above" everyone else.
Next time they are on CNBC. Just watch their eyes, (try not to get disgusted by their extremely annoying looks...) and you will see a pair of wandering, lifeless, "why am I here, and who are you...", bored eyeballs. |
