Comments on: The transparent DealBook conference http://blogs.reuters.com/felix-salmon/2012/12/14/the-transparent-dealbook-conference/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: best essay writer http://blogs.reuters.com/felix-salmon/2012/12/14/the-transparent-dealbook-conference/comment-page-1/#comment-54923 Mon, 13 Oct 2014 11:44:53 +0000 http://blogs.reuters.com/felix-salmon/?p=19829#comment-54923 Whats up. Very cool site!! Guy .. Beautiful .. Superb .. I’ll bookmark your blog and take the feeds additionally…I am glad to find a lot of helpful info right here within the post. Thanks for sharing..

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By: Auros http://blogs.reuters.com/felix-salmon/2012/12/14/the-transparent-dealbook-conference/comment-page-1/#comment-45218 Fri, 14 Dec 2012 21:54:49 +0000 http://blogs.reuters.com/felix-salmon/?p=19829#comment-45218 My link apparently got eaten by the comment software…
http://krugman.blogs.nytimes.com/2012/12  /07/why-people-are-confused-about-the-f iscal-cliff/

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By: Auros http://blogs.reuters.com/felix-salmon/2012/12/14/the-transparent-dealbook-conference/comment-page-1/#comment-45217 Fri, 14 Dec 2012 21:52:12 +0000 http://blogs.reuters.com/felix-salmon/?p=19829#comment-45217 I think Sullivan is kind of advocating a reductio ad absurdum version of Krugman’s point that people who have had “insider access” have made stupid predictions about the economy, while those who simply read their textbook macro and observed the public data have in many cases made fairly smart predictions.

You could, in regard to business journalism, start from the assumption that talking to CEOs and other insiders has zero, or possibly even negative value. (I think it probably is true that much of what passes for business journalism — basically everything on CNBC, and any article in Barron’s or Forbes that purports to rate a tradable security — actively makes viewers / readers stupider.)

But that is, it seems to me, probably not true for ALL cases. Unlike the macroeconomy “beat” (to the extent there even is something like that), on the business beat, the access journalists produce interesting stories fairly often. You need to filter them, and try to query the motives of their named sources and anonymice. But the business reporters tend to be less gullible than the DC reporters. They’re much less likely to perpetrate this kind of stupidity, in which they get the basic facts of the situation they’re supposed to be reporting on precisely backwards.

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