5-Day Econ-Blogging Week a Thing of the Past?

Sunday, June 12, 2005

Finance seems to be the last realm of the 5-day working week, a look at all the blog postings created over the weekend proves, seeing that my favourite bloggers - all listed in the blogroll in the sidebar >>> - have been very active over the weekend. In this context I recently had a discussion with a banker where I took the position that banking and finance are the last industries that adhere to a 5-day week whereas all other economic sectors have abandoned it in order to keep the cash register ringing. He did not let himself getting provoked even when I proposed the idea that interest should not compound on Saturdays and Sundays when banks are closed, effectively abandoning the actual/actual or 365/365 rate basis formula that banks love to apply to loans while only paying 30/360 on deposits.
A look at the activity of the bloggers I read regularly almost made me feel ashame that I did no other posting then some legalese, soon to be required by Austrian laws, which elevates me to the status of publisher by July 1.
The protests of my wife still ringing in my ear I quickly changed my attitude from feeling competitively overwhelmed to remembering that two lazy days of reading and arguing with my soon-to-be teenage daughter bring at least as much joy as observing the state of the global economy 24/7. Latter will still be around on Monday, but my wife does not want to give any guarantees if I cannot stay away from that (expletive) computer. My daughter won't mind though as she suddenly has so many friends to meet which she saw only last Friday in school. All of a sudden their names are not solely female anymore, the father who considers himself progressive, notes worriedly. I mean she's not yet 13.
But as markets in Wellington will start trading about the time I hit my pillow, here a compilation of the work of the most industrious bloggers of this weekend.
Angry Bear gives a good example how Fox distances itself from its "fair and balanced" slogan just by rotating the facts.
The Big Picture (Barry Ritholtz) (hat tip) has this graph of investor behaviour that is so good that I could not resist from shamelessly copying it.

Neither could The Asset Allocator, as timestamps show that Barry was the first one to post it.
Gary Becker and Richard Posner refused to retire too - and if it would have been for the weekend only.
The Hedge Fund Manager provided the potential market movers of the coming week.
The Blogging of the President - no the real one probably adheres to a 9 to 5 day and a full weekend of recreation - gives a glimpse of the future that is a bit scary for people who want to keep at least some privacy.
Edward Hugh, inhabitant of Bonobo Land, spent the weekend plucking data from the EU economic forecast.
Brad Delong rants about the shortcomings in the press corps. I agree on that one.
Brad Setser picked up on the April trade data a day later, something I missed as my upgrade to Apple's "Tiger" took much longer on Friday than I had expected. But at least I now have a somewhat recent backup of my harddisk again.
Calculated Risk saw the housing market bubbling 24/7 and posted accordingly.
Econbrowser seems to be so enraged by the McCain-Feingold legislation that he spent some of his recreation time to write against it.
Mark Thoma pointed to all Fed/CAFTA/deficit and a truckload of other stories that are well worth reading for all 24/7 econ aficionados.
A Fistful of Euros (hat tip) had the story I liked most, that is about the debt relief for the 18 poorest nations and he was on the point by stating this story should not end here. The Globalization Institute picks up this important story too. Stumbling and Mumbling pointed to an ever better way of helping Africa and asks why there is so little foreign direct investment despite its high returns.
General Glut spent his weekend on "Free Trade and the Left Blogosphere" and I agree on this one, "political economy is truly the land of the free where dissenters are liberated from their shackles."
Global Voices had an update on how China is cracking down on bloggers - shame on them.
Intangible Wealth had a most interesting post about bribing by cellphone. Don't miss out on this one and when in Congo - do as the Congolese do.
Larry Kudlow does as the president does - full weekend - no blogging.
David Altig was glued to his keyboard this weekend as so many other bloggers, trying to find ways to greater growth - and doing an extensive blogger's roundup (hat tip).
MacroMouse asked whether the Euro is just a bull market phenomenon. Hey, it's not dead yet and given all the negative sentiment about its future it is poised to stay.
Mahalanobis blogged "Everyone's worried about money", not exactly new wisdom, but some of the facts are.
Past Peak informs us that Microsoft deleted "democracy" and "freedom" from its Chinese website and has more on the Downing Street Memo.
The EU-Serf has two posts how much democracy costs EU taxpayers.
The Skeptical Speculator felt pressed to report on the better outlook for the semiconductor industry. Unfortunately my broker has only a 5-day workweek.
The World 2 Come posted links to energy blogs, a true 24/7 business.
In order to continue my blogging during the week I better close my Powerbook - why do only Apple users say 'I love my computer?' - right now. I smell late - hopefully not the last - dinner.


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