Economic Downturns and the Rise of the Financial Blog

by Dual Income No Kids on October 2, 2009 · 0 comments

I read a great article in New York Magazine entitled “The Dow Zero Insurgency” (that article can be found here). The focus of the article is primarily centered around investment blogs as opposed to general personal finance blogs but it’s still a very interesting read.

Zero Hedge (the focus of the article) is a financial blog with strong conspiratorial leanings with a healthy dose of “Fight Club” references. It’s an interesting blog in some ways, with a vibrant community. It’s a bit too combative and “let’s overthrow the economy”-esque for me but it has been shown to be an intelligent read, heavy in technical analysis and Wall Street-insider information.

Zero Hedge’s credibility has been bolstered by a couple of statements and predictions that have proven to be true; for example the New York Magazine article talks about statements made by Zero Hedge and the Goldman Sachs “flash trading” controversy.

You won’t find balanced and measured statements on Zero Hedge – there are a lot of conspiracy theories, bleak analysis and nihilistic rants – but the blog has certainly gained a rapid following, perhaps capitalizing on economic uncertainly as well as corporate and government actions that has led some to question the trustworthiness of those in charge, and how that affects one’s ability to build wealth.

Even if the Zero Hedge blog itself isn’t appealing, the New York Magazine article certainly is a must-read.

“The Dow Zero Insurgency: The Rising Power of Financial Blog Zero Hedge” New York Magazine

Twitter: @michael_dink

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