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Comment by halpmeh | Hacker News Reader

Wow, this was so interesting. I always feel two steps behind when I read news like this? Does anyone who works in the finance sector have tips for staying up with the news? Like how do you find out that a random local government in South Korea has defaulted on its debt, how do you understand the significance of the event (as I'm sure many defaults happen every day), and how do you track the effects of these events?

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The reality is that it's almost always not 'that' significant - if it is, you eventually hear about it.

Your best bet is to find things like HN or commentators you like; remember, most of this is entertainment for you unless you're actively involved.

The OP is implying that by knowing such news earlier, they can take advantage of the information asymmetry to potentially arbitrage for profit (or to remove themselves from the risk earlier).

Unfortunately, this, i believe, is not feasible for the average pleb who has no insider connection/information.

I guess, why do you want to stay up to date on all sorts of stuff like this? It is more than any single human could reasonably process, even if they did it 24x7. Even people working in finance are going to be focused on fairly small areas defined by geography, industry, product type, etc..

I would like to stay up-to-date on this stuff because I find it interesting. I don't want to consume every single piece of financial news possible, but I'd like to get better at identifying important trends happening in the market before they hit the mainstream news.

Bloomberg Terminal has a firehose of news, especially news about money things.

But that’s pretty pricey right?

No, not when the cost helps you make/save money.

Like, would you pay $2500/mo to help you make $25000/mo?

"Pricey" is subjective; and is only one number. You need another number to get the Ratio. Then we can see if Price > Gains; making $THING is expensive.

Yeah, badly worded, sorry. A significant investment for some is probably more apt.

That can be said of many things. In the context of average joe HNer, that's pretty frickin' expensive.

Context is important - for a random person wanting to keep up better on financial stuff, $2500/month is extremely pricey.

> No, not when the cost helps you make/save money.

I'm sure, but you recommended it to someone who just wanted to be more informed about financial news. For that person, it is extremely pricey.

And they charge good money for it too.

Twitter beats BBG nowadays. And it’s FREE!

Elon, you listening bro?

The human economy is a complex animal. There is no simple way to understand it all

Attempting to can be an enjoyable experience though.

And an imperfect understanding is better than none.

Patrick Boyle on youtube is pretty good on this kind of thing. And the guy has just about the driest sense of humour i've ever seen.

https://www.youtube.com/@PBoyle

The global paper of record for financial news (IMO) is the financial times.

https://en.wikipedia.org/wiki/Financial_Times

For in depth china news I recommend: https://www.youtube.com/@ChinaUpdate

My two favorite sources for financial news are Matt Levine's Money Stuff column/newsletter[1], and Patrick Boyle on Finance on Youtube[2].

They're both quite funny. Both have a very dry wit, though Boyle moreso.

[1] https://www.bloomberg.com/authors/ARbTQlRLRjE/matthew-s-levi...

[2] https://www.youtube.com/c/PatrickBoyleOnFinance

I’d say Matt Levine’s newsletter is a pretty good start.

Stocktwits

Oh man... going to any one thread there... you can smell the marlboro reds and desperation through your screen

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