The Big Picture – A Great Blog for the Economic Big Picture

One problem we all have is trying to keep up with what is happening in the economy if we are to have any hope of planning and finding our way out of this financial crisis with what is left of our retirement nest egg.

One blog that can help you do that is, “The Big Picture” A blog written bThe Big Picture on the Economyy CNBC’s Barry L. Ritholtz. He is a regular guest on Kudlow & Company, Power Lunch and Fast Money. Read his Curriculum Vitae and  note his blog claims  over 40 million readers.

The most recent post is about the Congressional Oversight Committee – COP’s review of “Six Months of TARP“. There is a video with Elizabeth Warren introducing the Report too.

“The total value of all direct spending, loans and guarantees provided to date in conjunction with the financial stability efforts (including those of the FDIC as well as the Treasury and the Federal Reserve) now exceeds $4 trillion.  This report reviews in considerable detail specific criteria for evaluating the impact of these programs on financial markets.”

The Report goes for 151 pages but there is a 5 page Executive Summary!

The Blog has a Video section which very current issues and interviews with key people on the economic scene. These include Geithner, Soros, Warren (COP), Summers. There is even on on Nassim Taleb author of “The Black Swan“.

Bailout Nation by Barry Ritholtz

Barry Ritholz is about to release a new book that should make interesting reading. You should read the story of the problems he had with McGraw Hill entitled, “Bailout Nation Editor Quits McGraw Hill”.

It appears McGraw Hill refused to publish the book as written.

“Last month, McGraw-Hill cancelled the publication of Bailout Nation: How Easy Money Corrupted Wall Street and Shook the World Economy, a book critical of Standard & Poor’s, which is a division of The McGraw-Hill Companies, and yesterday, author Barry Ritholtz, inked a deal with Wiley to publish the book. McGraw-Hill had maintained it cancelled publication because of problems with corroboration;  no one from Wiley was immediately available to discuss if they will change the book at all.”

The book is due out in May but you can pre-order it through Amazon.

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