While many sites that combine economics and international finance can be impenetrable, DeLong's blog entertains and educates with stories from political, economic history and business cycle dynamics. It takes the reader through the economic cycles and dynamics of events, showing that some of the best analyses are based on history. J. Bradford DeLong is a professor of economics at the University of California at Berkeley and formerly a deputy assistant secretary of the US Treasury in the Clinton Administration.
The site drills into many current economic conditions and policies without political bias. The latest topics and controversies are examined, such as the global impact of the yuan as an international currency and the likelihood of a stalling global economy. Econometric measures are explained and challenged, to help investors understand crucial announcements and figures released by governments. A sidebar provides a business-condition monitor, which is especially useful under the current uncertain economic conditions.
Baselinescenario explains some of the key issues affecting global markets and economies to the average investor. For example, the regularly updated 'Financial Crisis for Beginners' is a great resource for those who want a good primer on recent events. It assumes that relatively few people are familiar with arcane concepts such as credit default swaps and mortgage-backed securities. By explaining the jargon and market action through videos, posts and articles, readers can get a grasp of economic challenges and what they mean to their portfolios.