Regular readers have surely noticed the drop-off in macro related articles on my blog over the last month or so. The reasons for this are numerous. First, I noticed that way too little time was being devoted to what actually makes me money: finding ideas and trading off them. Getting settled into a new apartment always saps more time than one expects, and I've been working on a new website that moves away from the standard blog format to something more multi-function. The word 'blogger' is thrown around fairly recklessly these days (when not used inflammatorily). And it hardly does justice to the wide variety of commenters that make up the 'blogosphere.'
The world of media is rapidly changing. Even over the last two years, I have seen the concept of blogs change rapidly - from purely opinion driven reports to multi-author news sites that report everything and anything related to the field of interest. Other than the odd late night glance at Bloomberg, I receive none of my information from mainstream media outlets. I have a team of people whose judgement I trust (found via trial and error), and their articles are sent directly to my Google Reader feed. I trust these people far more to filter the good information from the bad than I do anyone writing for major media outlets. For example, on Friday evenings if I want to know how many banks have failed, I can rely on both Rolfe Winkler and Calculated Risk to provide me with the details - faster and more efficiently than anyone else.
Every blog has its own style. Some attempt to report everything making a buzz on that day. Felix Salmon will apologize for missing a story. I prefer to avoid such practices, first because I don't think most of what happens is relevant to many people (based on my contrarian position on causality), and second because it can be incredibly time consuming to do so. I prefer to focus on the price action, human behaviour and inflationary vs. deflationary forces. Yet repeatedly focusing on the same issues can at times feel redundant.
I used to post more ideological attacks on Keynesians, Monetarists, central bankers, etc. That too becomes redundant and even when trying to have discussions with prominent economists, the conversations eventually turn into mudslinging and childish accusations.
So it turns out that my own personal style is to be far more limited in the quantity of posts, but by focusing on the issues that I feel are most relevant I can ensure that the quality remains high. The likely result is that I turn my weekend Technical Updates into more comprehensive articles focusing on macro and sentiment issues in addition to some technical analysis.
So for those of you looking for more daily commentary, I invite you to frequent the "Recommended Reading" tab on the right hand side of my page. The articles posted there are handpicked by myself as I scan through about 150-200 articles and blogs per day (Google Reader even keeps track of how much I read). This is a time consuming exercise, but I do it anyway. So for those who don't have the time to do this themselves, let me do it for you. Some days there will be 10 new posts, others only a few. I have a new application that is bigger and gives a summary of each post. I'll have that up in conjunction with the new site (ETA December).
I just thought I would keep my readers posted with what is going on and what to expect in the future. As always, I thank my regular readers for their comments and continued support. This blog has been a work in progress and a great learning tool.
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