Stocks & Commodities V. 25:4 (63-64): Websites: Angrybear.blogspot.com and Kudlowsmoneypolitics.blogspot.com by D. Penn
A staple of public television — and cable news, before it blew up in the Bush era — dueling commentators from the political left and the political right used to be the chief expression of political partisanship in the media: “From the left, I’m so-and-so.” “And from the right, I’m the-other-guy.” That collegiality — however exaggerated for effect — is not nearly as common in recent years as it was, say, a decade ago. But it is with that sentiment that I present a pair of blogs about money, the economy, and finance that may be of interest to traders, speculators, and investors of a particularly partisan political bent. Sure, we all know as speculators that we are more often far better off leaving our politics at the door of our trading room. And I suspect as many Republicans have lost money betting that the markets wouldn’t go up under Democratic rule as have Democrats gone broke trying to fade the effects of a GOP-sponsored dividend tax cut.
But the fact of the matter is that even those of us who don’t have a political axe to grind need be wary of those who do. Harry S Truman famously asked for a “one-armed economist” who would not provide, basically, two answers for every question. So here we provide instead two “one-armed” economists and their blogs, representing a view of the financial world through blue- and red-state filters, respectively: Angrybear.blogspot.com and Kudlowsmoneypolitics.blogspot.com.