Zero Hedge Doubles Down

Zero Hedge seems to have his panties twisted. Instead of just admitting his post accusing the Fed of rigging the bond auctions may have been over the top or at least just moving on to something else, he decided to come out swinging. Sigh.

Here is what I had to say yesterday and it contains links to John Jansen’s original post as well as Yves Smith’s. In his new post Zero Hedge takes the time to stick it to Smith who has been a mentor and to insult Jansen who happens to be one of the more respected bloggers around. Here are his comments about Jansen:

Zero Hedge is not making any claims, but merely asking questions. And while we appreciate the opinions of self-professed experts such as John Jansen, these answers should really come from the proper authorities – the US Treasury and the Federal Reserve of the US.

To set the record straight, John Jansen is not a self-professed expert, he is an expert with more experience than this kid is likely to accumulate if he lives to be a hundred. Jansen is also a gentleman who doesn’t stoop to this sort of journalism. Witness the fact that he had the good grace to reprint Chris Mortenson’s comments on his blog yesterday concerning this issue in a full blog post today (link here). Mortenson represents an opposing view but Jansen is adult enough to recognize that reasonable discourse involves the airing of opinions that might differ from the ones you espouse.

Zero Hedge needs to avoid making a larger ass of himself than he already has. Derogatory remarks about two of the better bloggers around as well as an obstinate insistence on sticking with an iffy at best meme will not due anything to expand his audience beyond the conspiracy crazies that he attracts. He has talent and ought to concentrate on that rather than the tired old blogger trick of building a following through outrage and innuendo.

You gotta know when to fold ‘em, kid.

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About Tom Lindmark 401 Articles

I’m not sure that credentials mean much when it comes to writing about things but people seem to want to see them, so briefly here are mine. I have an undergraduate degree in economics from an undistinguished Midwestern university and masters in international business from an equally undistinguished Southwestern University. I spent a number of years working for large banks lending to lots of different industries. For the past few years, I’ve been engaged in real estate finance – primarily for commercial projects. Like a lot of other finance guys, I’m looking for a job at this point in time.

Given all of that, I suggest that you take what I write with the appropriate grain of salt. I try and figure out what’s behind the news but suspect that I’m often delusional. Nevertheless, I keep throwing things out there and occasionally it sticks. I do read the comments that readers leave and to the extent I can reply to them. I also reply to all emails so feel free to contact me if you want to discuss something at more length. Oh, I also have a very thick skin, so if you disagree feel free to say so.

Enjoy what I write and let me know when I’m off base – I probably won’t agree with you but don’t be shy.

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3 Comments on Zero Hedge Doubles Down

  1. Tom, why the thinly veiled ad hominem that Tyler Durden is a “kid?”

    Frankly, it appears to many that you, Jansen, and others need Zero Hedge for the traffic he has driven to your blogs.

    What is conspicuously absent from this post is any attempt whatsoever to discredit the data and analysis presented via Zero Hedge.

  2. Seems the “conspiracy crazies” can count on Tom to be among the ranks of fervent readers on Zero Hedge, as the author here is desperately trying to suck as much content out of the “kid” as he can, completely incapable of coming up with anything that generates even a modicum of interest… Oh wait, am I the second guy to post on this thread? I will be promptly on my way.

  3. Hi Tom,
    Just wanted to thank you for being way ahead of the curve on alerting us to the shenanigans at Goldman Sachs, the analysis of the NYSE PT flows, the fact that HFT even existed, the Flash Tradin thing, the cosy relationship between the PD and Treasury and of course the ‘family’ intertwining between GS and US Gov Inc.

    Oh, wait a minute; it wasn’t you who did all that it was Zero Hedge.

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