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[Delong.typepad.com] Brad DeLong's Semi-Daily Journal: Fair and Balanced Almost Every Day: Discourse.net: Dean Baker Wants Numerate Reporting: Economist and one-man economic truth squad Dean Baker has a new blog, Beat the Press, dedicated to "commentary on economic reporting." The inaugural posting asks, reasonably enough, why most economic journalism fails to put raw numbers in context, choosing to report the big exciting number of "$285 billion over the next six years" for the new transportation bill, rather then the more informative, contextualized number of "approximately 1.7 percent of projected federal spending over this period."

 [Economy-chat.com] Economy Chat: international-finance: Brad DeLong reports: A +$400 Billion Week: Pierre-Olivier Gourinchas guesses that last week the U.S.'s net foreign asset position improved by $400 billion. Americans' assets overseas, you see, are primarily denominated in local currencies or are real assets.

Reflected tags on Technorati: Blog, International Finance, EconWatch.com