RGE Monitor.com Roubini
RGE Monitor.com Setser
Are you one of those type of people that not only want to sound informed and sound smart but actually be better informed and understand what you are talking about? Well if you do and you like talking investments than this is one of the better blogs to read. These guys run a subscription based service that is known on the street as a great piece of research. They pump out timely economic advice and discuss different perceptions on a wide array of topics. Well lucky for all of us they also have two great blogs. Nouriel Roubini and Brad Setser are both excellent analysts and economists. Lately they have covered a lot of topics regarding energy, oil, and all things Asia.
Want to know all about Level 3 mark to model? Do you even know what that is? Well if the answers to those questions go Yes, but No, then you will want to read this Level 3 If you have read about it anywhere else then they probably got there info from these guys.
They aren’t perfect but if you want to be far better informed then anyone you know. Or just like knowledge for knowledge sake you can’t miss making RGE Monitor a regular stop in your RSS reader.
You may have missed the memo on what a meme is but this site does a great job showing what is popular and how to gauge it. It also is an interesting window into internet search and what is relevant. Here is a perfect post that shows how they look at traffic and search to see where there is growth and what is there Facebook, is it sustainable? Read it and it will start to make sense.
Another good post to illustrate the concept is this one regarding recessions. He shows how search and interest in a topic can be an indicator of the likely hood of that event happening or being successful.
If you study the writings on RealMeme.com you will come away smarter about uses for the internet. If you are like a lot of visitors to this site you probably have a blog and if you want to quantify any of what you do then studying Meme’s can help you target current relevant material for your readers.
Greg Mankiw’s Blog
Greg Mankiw is a Harvard professor of economics. He has also authored a text that several economics departments use (I used his book when I took Econ 101) and from 2003-2005 he was chairman of President Bush’s council of economic advisors. Basically he is a very respected economist and overall smart guy.
Blograters isn’t reviewing this blog because we own the book, we are reviewing it because it really is a good blog to learn about economics in a relatively simple way. He talks about current events and how they are affected or how they effect the economy.
If you want to get smarter, act accordingly, or at least sound smarter you should read this blog. If you are into the economy (and technically we are all part of the world economy) you will enjoy his writings. If you aren’t so into the economy then you can still learn a lot of practical things at his blog. Todays post is a perfect example Who Pays How Much In Taxes. You hear politicians talk about who pays what but we know that they all have big agendas. Another good post on correlation vs causation which is a far more relevant topic to most people lives than they think (basically we think a lot of things happen because of something when in fact it is just by chance that the other thing happened at the same time. Not everything we think is cause and effect is true.).
And to end this review on a topic that at least half of the readers of this blog can be happy about here is a post on the narrowing of the pay gap between men and women.
TheLongTail.com is a wonderful blog that discusses long tails. What are long tails? The concept is described very well here. Basically it is that with the costs of a storefront coming down thanks to the internet it is easier and easier to target small niches that otherwise don’t get much attention. When that happens we end up with not only more choices but the amount of small niches may be as big or even bigger than the main old school categories.
If you have ever seen a normal distribution or “bell curve” there is the middle which encompasses about 80% of the data and then the two tails on both sides that have less and less. Well the long tail is all about discussing how in our free electronic markets the tails are growing larger and larger. Obviously not a normal bell curve.
Anyways the blog discusses the long tail and its effects in several areas of the market as well as other aspects of life.
The blogs writer is Chris Anderson editor in chief of Wired Magazine. If you are reading this you have no doubt heard of Wired. It is a magazine focused on technology. He started the blog as a companion to his book “The Long Tail” and it has taken on a life of its own.
If you want to learn how the marketplace of the future is being shaped and how to find where you are in it you should add this blog to your RSS reader and read it often. Chris is an engaging writer and does a good job explaining his views.
The Kirk Report is one of the deans of investment blogs. Kirk was there pretty much from the beginning and he continues to provide excellent information in his posts. He posts on everything from trading/investing strategies to trader psychology. He also has regular LinkFests where he discusses market related news. There are a lot of sites out there that do this but he is definitely one of the best.
One of the nice things about Kirk is that his posts are very useful and sometimes even actionable. What do I mean buy “actionable?” Basically that you not only learn something but if you trade you could implement what you learned today. On many blogs they provide a lot of info on different topics but when you can actually do something with the info the true value really comes through.
If you invest/trade, would like to, or just like learningThe Kirk Report.com should be on your regularly read list and if you use RSS you should be subscribed. It is definitely worth yout time.
As new as blogging is the folks down at Bespoke are pretty good at it. They launched their blog at the start of May and are already getting rave reviews from several other investment blogs and news sources such as WSJ and CNBC. How did they accomplish all of this in such a short time? By doing two things. One is that they provide good quality content. The other is that they left another quality blog at TickerSense to start their own. In addition to the blog they have premium services but the free posts are very much worth your time if you are interested in investments.
This review might sound like an advertisement but this is actually a non-solicited review. That of course means that we at Blog Raters actually like and read this blog regularly. As bloggers we like how fast they were able to grow their blog and accumulate 3,267 backlinks already (according to Yahoo). They are also some of the first people to leave one successful blog and launch their own while seemingly retaining the majority of their readers. As investors we like the insight that they provide into the markets. They do a lot of quantitative analysis as well as some common sense/chart analysis.
Altogether this is an interesting site for both the blogger looking to see how to grow their business and for the investor trying to get an edge or hopefully a bigger edge.
Way Of The Turtle.com
If you have been following the trading game for a while or have read “The Market Wizards” by Jack Schwager you have probably heard of “The Turtles.” Basically Richard Dennis bet his business partner William Eckhardt that you could teach people how to trade a system and they could do pretty much as well as they did. William Eckhardt didn’t think that “anyone” could be a trader. He felt that you needed some special skills to be successful. So they did an experiment by running an ad in the Wall Street Journal and interviewed a few hundred people for positions as traders for their trading firm.
Well Richard Dennis ended up winning the bet. While several of the candidates ended up blowing up (losing all their money) a few did extremely well more then making up for the losses of others. Well these people became known as the turtles. The turtles signed a lot of non-disclosures and so they did not talk to the press except in extremely general ways for years. But the past few years that has changed. Curtis Faith (the most profitable of the turtles) came back to the public eye. He built Trading Blox Software a back-testing system building software, wrote a book, and most recently a blog.
His blog is filled with great trading related entries such as this one on Fundies vs. Technicals, this post on The Four Levels of Competence, and here is one on Thinking. Basically you get to read posts related to trading by a man who has been successful trading hundreds of millions of dollars at a time. In addition to the blog he has his book and while I am not trying to sound like a commercial the book is excellent and worthy of your time if you are into trading. Here is another blog to add to your RSS reader so you don’t miss any posts.
The Big Picture
If you are into trading, finance, or really anything to do with the financial markets you should be reading Barry Ritholtz regularly. If you like Jazz you should stop by at least weekly. You might be wondering why would I go to a market blog to read about music? Well Barry does an excellent job of blending together his primary interests. If you got to his site you will see that in the header he has six different categories. They are Markets, Economy, Federal Reserve, Housing, Energy, and Digital Media. He uses the digital media category quite liberally covering everything from the Ipod and what it has done for APPL to Friday Night Jazz.
That being said the vast majority of his content is related to the markets. He posts at least once a day but usually 2-3 times. He hails from the trading world and then became a market strategist. These days he runs his own research firm Ritholtz Research and Analytics. The research is good, clean, and easy to read. That talent comes through on his blog. In addition to the blog and the research firm Barry also writes for TheStreet.com.
Here are some samples of his work.
One from today explaining where the SP500 returns have come from SP500
Here is one on The Baltic Dry Index. Have you ever heard of it? Well it is actually useful so read this post and learn about it.
And the the whopper. Here is one of many excellent articles on the housing market and its effects on other industries and sectors Housing Slowdown and its Effects. If you want to know more about housing and the economy Barry is the man. He has a ton of posts related to this and they are well written so that the layman can read it and the professional can profit from it.
As you can tell I like this blog. I have been reading it for a few years now and throughout the trading day I go back to it 1-3 times. Yes, I get it in my RSS reader but guess what? I like reading the whole thing right away with all the charts. Whereas many of my feeds I read the headline and move on I think I read 90% of his posts all the way through. So go and make The Big Picture part of your daily readings. You will become smarter after day 2.
Crossing Wall Street.com
I get onto Crossing Wall Street.com almost every day. Why? Because it is full of common sense investment related information. Some of my favorite types of posts that they do are like this one US Stocks in Euro’s and in their earnings charts such as this one on VAR.
Crossing Wall Street does a good job of molding common sense with sensical commentary. While this review is short I must say that it is a blog worth visiting often (they post several times a week).
Mish’s Global Economic Trend Analysis
Mish is awesome. His economic blog is one of the best free or paid economic resources on the internet. He has been online for about 2 years now and is going strong as ever. He posts 5-7+ times a week and almost all of his posts are more like articles. He goes in depth on his topics and knows them quite well. He stays on topic and only talks about the global economy. Here is a recent article talking about Real World versus the Financial World. Here are a few debunking articles where he points out flaws in the way that some of the government agencies account for economic numbers Birth Death Model Fatally Flawed and Scroll down to the M3 model. Both of these are very well written and make sense.
Whether you agree with Mish or not his economic thoughts are very worth reading. He is thought provoking and informing. If you enjoy reading about the economy or would like to learn more, I encourage everyone to go and read Mish’s blog. He is one of the best and he is free.