J-Texas-1

Analyst: Oil Prices Inflated by 50%

I listen to Norman on a local business radio station (with the volume really low). The entire way up on oil, he kept saying speculators weren't the problem and even if they were, they make the markets function more smoothly and don't bid up prices.

Norman calls himself the "Economic Contrarian." He follows the current trends and shouts (yes, really shouts... see below) how smart investors take the contrarian position to win. And then laments why it didn't work on the next few shows.

Example of a typical Norman rant...

"Come on, people! We are better off with fiat money than a gold standard. Look how much wealthier everyone is now versus the 30's. You just CAN'T argue that life isn't better. Speculators are a part of a healthy market. What you have to do is learn to spot the peaks and take the contrarian position in the trade."

On and on, same logic: take what's working, flip it, and label it "contrarian" investing.

Incidentally, he appears to be honest with his investing gaffs. He's said on air that he's been buying financial stocks all year long.

Yes, just as said above - talking head with pretty hair and too much make up.