I have a few good quotes in this piece:
“While bloggers sometimes get bad reputations for ranting and raving from the sidelines, it’s hard to question the credentials of some renowned bloggers, such as Princeton economist Paul Krugman, last year’s Nobel Prize winner, and the notoriously bearish New York University economist Nouriel Roubini.
“Blogs have very much become a meritocracy,” says Barry Ritholtz, chief executive at quantitative-research firm FusionIQ and author of “The Big Picture” blog. “You just have to look a little harder and work more diligently to find who’s worth reading.”
The Big Picture, as well as other top blogs, experienced a spike in traffic last September after Lehman Brothers filed for bankruptcy and Merrill Lynch agreed to be sold to Bank of America (BAC). Ritholtz – who opines on a wide- range of topics from trading strategies to macroeconomics – says he currently averages anywhere between 80,000 and 120,000 daily page views.
“Bloggers, or independent voices, are helping to define the debate about what’s taking place in the economy and with policymakers in D.C.,” he says. “The secret to reading anything is knowing who knows what they’re talking about and who not to bother with.”
Check out the entire thing . . .
Financial Bloggers Gain Recognition Amid Turmoil
Dow Jones April 08, 2009: 01:50 PM ET