Very cool article in the Sunday Boston Globe: A field guide to economics and finance blogs:

“As the bailout plan unfolded, the bloggers offered historical context along with cutting critiques of the proposal. More important still, they offered counterproposals: direct capital injections into banks, for example, or direct purchases of mortgages. Many of their readers began badgering their senators and representatives to oppose the plan. A few weeks later, Congress rebuffed Paulson, sending shockwaves through global financial markets.

Though it’s still unclear how much credit the blogs can take for shaping Washington’s response to the crisis, it’s already evident that policy makers charged with monitoring and fixing the markets are no longer operating alone. A fast-moving, highly informed economics blogosphere now tracks and critiques their every move. The result is that this may be the first national crisis to be hashed out by experts in full public view.

The blogs offer a rolling crash course in economics as authoritative as any textbook, but far more accessible. It’s a conversation that’s simultaneously esoteric and irreverent, combining technical discussions of liquidity traps and yield curves with profane putdowns and heckling headlines. In the process, the bloggers have helped to democratize policy making, throwing open the doors on the messy business of everything from declaring a recession to structuring the most expensive government bailout in history.”

And here’s the list of blogs discussed:

The Big Picture
ritholtz.com/blog

Brad Setser’s Follow the Money
blogs.cfr.org/setser

Calculated Risk
calculatedrisk.blogspot.com

Credit Slips
www.creditslips.org/creditslips

Economist’s View
economistsview.typepad.com

Freakonomics
freakonomics.blogs.nytimes.com

Marginal Revolution
www.marginalrevolution.com

Naked Capitalism
www.nakedcapitalism.com

Nouriel Roubini’s Global Econo-Monitor
www.rgemonitor.com/blog/roubini

Its a privilege to be part of this list . . . way cool!

>

Source:
So, you want to save the economy?
All you need is a keyboard and a few good ideas. Inside the influential new world of econobloggers.
Stephen Mihm
Boston Globe, December 7, 2008

http://www.boston.com/bostonglobe/ideas/articles/2008/12/07/so_you_want_to_save_the_economy/

A field guide to economics and finance blogs

http://www.boston.com/bostonglobe/ideas/articles/2008/12/07/a_field_guide_to_economics_and_finance_blogs/

Category: Bailouts, Blog Spotlight, Financial Press, Weblogs

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

19 Responses to “Boston Globe: A field guide to economics and finance blogs”

  1. Amos Satterlee says:

    BR,

    The separate links to the blogs are messed up. For instance:
    http://www.ritholtz.com/blog/blogs.cfr.org/setser

    ~~~

    BR: Ahhh, I see — leaving out the “http” auto-substitutes the host URL: — “http://www.ritholtz.com/blog/”

    I dont know if thats a Word Press or HTML protocol, but I’ll fix it . . .

  2. DP says:

    Congrats BR. Yet another well deserved recognition of this site.

  3. DP says:

    Btw, would love an open thread on next week – should be a very interesting week.

  4. Bruce in Tn says:

    Well, the most interesting thing I’ve read this morning moving around the net, was this bit of speculation..

    http://us.ft.com/ftgateway/superpage.ft?news_id=fto120420080909136071&page=1

    Merrill Lynch warns oil prices could fall to $25

    Steve Barry, Leftback, Karen, constant, grumpy, et al…IMHO this would be the buy of the millenium…might take a day or two to pan out, but enormous upside…

    By the way, the second largest producer of memory chips, Hynix Semiconductor, announced massive job cuts this weekend…(in the “safe” tech sector)..

    http://www.bloomberg.com/apps/news?pid=20601080&sid=a7gQopAvO3pM&refer=asia

    Hynix Semiconductor to Cut 30% of Executive Jobs on Slowdown.

  5. CaptiousNut says:

    Nobody reads the Boston Globe.

    And those that do can’t so much as open a browser.

  6. OT:

    doesn’t anyone care that it’s “Pearl Harbor Day”? Seriously, it isn’t like we’re not, still, dealing with its aftermath..

  7. CaptiousNut says:

    BR,

    Kudlow said that Mankiw is the “number 1 economics blogger”…

    http://www.cnbc.com/id/15840232?video=948387815

    You going to take that?

  8. DavidB says:

    It’s good to see you guys are getting the recognition you deserve. I suppose the establishment is finally seeing you as a force to be reckoned with.

    Bravo!

  9. Bob the unemployed says:

    > Its a privilege to be part of this list

    A privilege that has been more than earned.

    Congratulations Barry!

  10. leftback says:

    Finally! Deserved recognition of the fact that almost all of the informed analysis and commentary has been available in real time in the blogosphere throughout this historic period of economic and social crisis. The MSM have simply followed in the wake of the news.

    Congratulations – I have no idea how you manage to analyze situations so quickly and get your posts out there while things are happening. I can only assume you didn’t sleep in October.

  11. “Congratulations – I have no idea how you manage to analyze situations so quickly And get your posts out there while things are happening. I can only assume you didn’t sleep in October.”

    w/ lb on that one, no doubt..

    stretch it out, BR : )

  12. leftback says:

    @ Bruce in Tn Says: December 7th, 2008 at 12:14 pm
    Well, the most interesting thing I’ve read this morning moving around the net, was this bit of speculation.
    Merrill Lynch warns oil prices could fall to $25

    Bruce, it is quite possible that this ML price target is precisely as valuable as GS target of $250 from the summer. I saw the interview and was not impressed by Mr Blanch’s intellect or reasoning. BR has a post up today on oil prices where Patrick and AT are taking apart the technicals, and I am sure a lot of people will weigh in with their opinions.

    I can’t tell you the future price of oil but it is priced in a currency that is unlikely to rise in value over the next 5 years, and the overall supply of oil on the planet is also unlikely to rise. Draw your own conclusions. I have already begun to accumulate stocks in the energy space, although there is every likelihood that I shall be early as usual. This may indeed be the bargain of the millenium.

    BTW, I am in Memphis for 2 days this week. We should arrange a bet – ribs or burgers?

  13. Bruce in Tn says:

    @ Leftback:

    Go by the Germantown Commissary for your ribs…not as much publicity as Neely’s, or the Rendezvous. but I but you’ll like it…and try the pecan pie..

  14. Simon says:

    The list could of course be longer. Well BR and thanks again for letting us take part.

  15. AGG says:

    Barry,
    I continue to applaud your efforts and the recognition you have gained. I just wish you would use your soap box to hammer home the disdain for the country’s problems that a certain class of people have; See this from Bloomberg:
    Most people worth at least $30 million “are not facing a personal liquidity crisis and expect to spend as much or more this holiday season than they did last year,” said Russ Prince, the president of Prince & Associates Inc. The private-wealth researcher surveyed 518 people, each of whom own at least one jet.

    “They aren’t cutting back because of some kind of moral rationale,” Prince added. “They don’t feel guilty about spending.”

    Sales of luxury goods at Milan showroom Winwood have grown 20 percent this year on repeat orders for items such as Nancy Gonzalez crocodile handbags, which start at 1,500 euros, said owner Morena Zabeni. “People with money either want Hermes or something that isn’t recognizable.”

    These people a crying to be TAXED. Believe me, it’ll do them a lot of good and it won’t hurt the rest of us either.

  16. donna says:

    You certainly deserve it, BR!

    You and CR are my faves, along with Mark Thoma at Economists View and Yves at Naked Capitalism. I would say you four are my “Must Reads” most days.

  17. flenerman says:

    Congratulations, Mr. R. I believe that several of the others should consider themselves privileged to be listed with you! One I would add to the list is your friend, Mr K.’s Infectious Greed. He often comes at things from an angle I wouldn’t expect and he has one of the best Linkfests around. Not much in the way of thoughtful comments from loyal follow readers, though. Alas.

  18. mkkby says:

    Except for a tongue/cheek article about paying for health care, this whole blog is little more than aggregating the writing of others. Kudos to Barry for getting on the list without really providing participating.

  19. mkkby,

    I’ll be wagering, that: your Ancestors, c.1688, were deriding Lloyd’s as ‘just a Coffee House’, as well..

    http://www.lloyds.com/About_Us/History/Chronology.htm