Bill McBride and the Case for Facts

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week on Masters in Business podcast I chat with Bill McBride of Calculated Risk, widely regarded as one of the best economics blogs.

McBride was famously right -- in public, in print and in real time -- about the impending housing collapse in 2006, the financial meltdown in 2008, the economic rebound in 2009 and the housing recovery in 2010. In our discussion, we talked about how the Calculated Risk blog developed, why it is data- and fact-driven, and why he so rarely offers his own opinions on anything economic. The site is a counterweight to blogs such as Zero Hedge and others that insist that economic data is faked or manipulated.

You can hear the full interview, including the podcast extras, by streaming it below; you can also download the podcast at iTunesSoundcloud or Bloomberg. All of our earlier podcasts can be found at iTunes, Soundcloud and Bloomberg.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net