"Here's an example of a conclusory statement taken from an exam answer: "Because Adam's intent manifested the malice required for murder, he will be convicted." The problem here is that although the statement may be true, the writer has not told the reader (professor) precisely which of Adam's acts show he had the malice required to prove murder, what degree or variety of intent the law considers sufficient to prove malice, nor what type or variety of malice is required to obtain a murder conviction."
Similarly, statements made in the financial sector, which provide "reasons" but don't tie them to the underlying statement, are conclusory. For example, "Leasing is a better deal, as it frees up your cash flow!" is a statement often made by salesmen and parroted by their victims. It provides a "reason" (freeing up cash flow) for the argument (leasing is a better deal) but really fails to explain why freeing up cash flow is helping the consumer (it isn't, really) and how it relates to the overall cost of the transaction (the "deal"). And of course, the reason this isn't delineated, is that freeing up cash flow is a nonsense argument and the overall cost of the transaction (the deal) is higher than buying the car.
In the last few years, we've heard a lot of conclusory statements made by financial experts, salesmen, and politicians, and maybe even your family members. Most, if not all of them have been outright lies:
"Better buy now, or be priced out of the Real Estate Market!"
"This payment-optional loan will make your home more affordable!"
"If rates go up, you can always refinance!"
Housing prices in our area will always go up!
"Leasing a new car every three years frees up your cash-flow and you get more car!"
"These dot-com stocks are the next big thing! This is your chance to get in on the ground floor!"
"This credit card deal is great! You get Frequent Flyer Miles and Cash Back!"
"But Grandma, I need a reliable car to get to work and school!
"I just need $500 to tide me over. You're lucky and have so much money! Why not help me out?"
"Vote for me and I'll create jobs!"
"If you raise taxes on rich people, they will lay off employees!"
"Illegal Immigration is costing America too much money and taking away jobs!"
And so on....
Most of these statements are outright lies. But even if one of them has a nugget of truth to it, you cannot tell - as there no underlying logic or reasoning presented as to why the statement is true.
You can blame these sort of people for making conclusory statements and lying to us. But we chose to believe these sweet lies. So who really is at fault? The liar, or the person who believes the lies?
When listening to the media, politicians, financial channels, salesmen, and even friends and family, be on the lookout for conclusory statements. Chances are, when someone makes one, they are lying to you and trying to get at your money. They should set off an alarm bell in your head - and act like police tape to rope off a raw deal. If you look at conclusory statements in this manner, you will be forewarned of bad things happening.