Matt Yglesias

27 Responses to “Finance Journalism III”

1. Rich in PA Says:
   September 24th, 2008 at 12:04 pm

   More good times, from a screen shot of the NY Times website a few minutes ago:

   http://i471.photobucket.com/albums/rr73/respondon2003/Picture1.jpg

2. Bill Says:
   September 24th, 2008 at 12:06 pm

   They’re showing correlation, not causation (’as’ ‘after’).

3. kafka Says:
   September 24th, 2008 at 12:20 pm

   Ex post facto rationale passing for wisdom. But sheeple buy into it.

4. Jayhawk Max Says:
   September 24th, 2008 at 12:32 pm

   “More good times, from a screen shot of the NY Times website a few minutes ago:

   http://i471.photobucket.com/albums/rr73/respondon2003/Picture1.jpg”

   Why won’t those cows let the inspectors in???

5. alphie Says:
   September 24th, 2008 at 12:34 pm

   Imagine how much more everyone would know if Ben Bernanke and Henry Paulson provided us with a few examples of “toxic” assets they want to buy, how much they’d pay for them and why…

6. David Says:
   September 24th, 2008 at 12:39 pm

   Matt instead of making fun of “finance journalism” you should read the Financial Times. (Bullshit stock analysis is not “finance journalism.”) You want to understand this crisis? Read the FT. Check out Martin Wolf’s Paulson’s plan was not a true solution to the crisis Also, everything by Krishna Guha is always worth readind and he has several pieces today.

7. Chicken Little Says:
   September 24th, 2008 at 12:45 pm

   This weekend, I thought the world was going to end if Paulson/Bush didn’t get their way. I’m still alive, I think. A $700 billion bailout may not really be all that necessary.

8. Professor Booty Says:
   September 24th, 2008 at 12:48 pm

   I’ve always thought a good Onion headline would be: “Stocks fall as area man masturbates.”

9. sherifffruitfly Says:
   September 24th, 2008 at 12:50 pm

   I would be interested to see how the pre-Iraq war rhetoric matches up with the pre-bailout rhetoric. Bernake calling on Democrats to not ignore “grave threats” to the economy, and all.

10. marc h. Says:
    September 24th, 2008 at 12:56 pm

    writing hourly market snapshots is exhausting and thankless. take it from me. you do get to realize that this stuff is about as subjective as music journalism, though.

11. tom friedman Says:
    September 24th, 2008 at 1:21 pm

    Everybody realizes that I made this same joke about finance journalism in my hit book The Lexus And The Olive Tree. Like fifty times in the first chapter. Reminds me of my days as a cub reporter in Beirut…

    Tom

12. David Says:
    September 24th, 2008 at 1:35 pm

    But tell us Tom, what do the cabbies have to say about it? And your daughter, what does she think of your joke?

13. Stephen Bank Says:
    September 24th, 2008 at 2:28 pm

    If “lawmakers mull over bank bailout” implies a contradiction, isn’t the only reasonable conclusion that lawmakers aren’t mulling over bank bailouts?

14. BruceMcF Says:
    September 25th, 2008 at 12:50 am

    McCain back to work on Bail-Out package, Dow Jones slumps 7 points on the news.

    … just sayin’ …

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