Bloggers are a notoriously opinionated sort. Very opinionated. While we hate polarizing discussion, we oft enjoy working the extremes of the day’s conversation. On the whole, we talk very positively or very negatively about things – be they technological or otherwise. (Amazon Kindle and that way-too-thin Macbook Air are two notable examples.)
And at least one person has just about enough of the raging jibber-jabber. Paul Kedrosky, a venture capitalist and, yes, a blogger (putting digital pen to paper at Infectious Greed), wants Web-based publications to can the tirades already.
The tirades that have to do with the financial sector, anyhow. As relayed in the NYT’s latest What’s Online column, authored by Dan Mitchell, Kedrosky pinpoints the recent rants of Barry Ritholtz (CEO of Fusion IQ and the blog Big Picture) and Herb Greenberg (columnist and blogger at MarketWatch) as overly critical of the state of the markets.
Nevermind the odd persistence of several analysts/talking-heads in seeking out the positive aspects of the current global economy. The projections of ever-greener grasses, no matter the current state of affairs, are apparently quite warranted in Kedrosky’s view. It’s really the negativistos inside the blogosphere who are unnecessarily forcing the bears on the proverbial house of cards.
Yes, indeed. It’s not the multi-billion-dollar “write-downs” (a lighter, friendlier term for big-bleepin’-losses) that are the rain on the parade of cheap money that the financial world has enjoyed for far too long. It’s the collection of resentful chatterboxes on the big WWW now beating on the subprime promoters of months and years past that are keeping the numbers in the Dow from rebounding.