cramerbad.thumbnail.jpegIn the same way that political blogs pushed back against bad TradMed political reporting and have been coming into their own over the last election cycle, financial blogs are beginning to do the same with regard to financial reporting in the TradMed. It makes me wonder: will CNBC learn anything from their dissection by Jon Stewart last night?

In their own eyes, CNBC’s biggest rival is the Wall Street Journal. CNBC paints themselves as the up-to-the-minute, hipper-and-cooler, high-tech alternative to the old-school, dead tree WSJ — live people, loud people, shouting-over-each-other people, with lots of cool graphics, lots of numbers swinging around the screen, lots of exclusive interviews with Titans Of Industry, and action, action, action–live from the floor!

What they don’t realize, though, is that Jon Stewart’s shot across their bow is going to light up the financial blogosphere, making their "hipper-and-cooler look" appear pretty shallow when compared with good reporting in blogs that aren’t trying to cater to the Masters of The Universe. Calculated Risk is one of my favorite financial sites, but there are plenty more out there, like Bonddad, Econbrowser, and others. Like anything else, it depends on what I’m looking for.

Back in 2007, digby wrote "When people ask me why I think the DC Establishment is like a Village, I send them this link." CNBC, it’s time to decide — are you journalists who report and comment on the markets, or are you just another set of Villagers like the folks in DC?

Peterr

Peterr

I'm an ordained Lutheran pastor with a passion for language, progressive politics, and the intersection of people's inner sets of ideals and beliefs (aka "faith" to many) and their political actions. I mostly comment around here, but offer a weekly post or two as well. With the role that conservative Christianity plays in the current Republican politics, I believe that progressives ignore the dynamics of religion, religious language, and religiously-inspired actions at our own peril. I am also incensed at what the TheoCons have done to the public impression of Christianity, and don't want their twisted version of it to go unchallenged in the wider world. I'm a midwesterner, now living in the Kansas City area, but also spent ten years living in the SF Bay area. I'm married to a wonderful microbiologist (she's wonderful all the way around, not just at science) and have a great little Kid, for whom I am the primary caretaker these days. I love the discussions around here, especially the combination of humor and seriousness that lets us take on incredibly tough stuff while keeping it all in perspective and treating one another with respect.

And Preview is my friend.

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