Thursday, March 13, 2014

The Rising Power of Financial Blog Zero Hedge - Money 2009 -- New York Magazine

The Rising Power of Financial Blog Zero Hedge - Money 2009 -- New York Magazine:



"Early on, the readers of these blogs seemed to be a relatively small and disparate group—a smattering of day traders, academics, and people who worked in and around the edges of the financial industry. They were “gold bugs” and “dollar bears” united by their hostility to Wall Street and their conviction that the U.S. economy was heading off a cliff. When Bear Stearns blew up, the bearish view was validated and these blogs gained credibility with a larger audience. Amid the chaos on Wall Street, they found themselves with much greater influence than they’d ever imagined possible."



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