john keegan dot org

New York Magazine asks: What would it take to send the U.S. economy—and New York’s—into free fall?

They point to the following 5 threats to our economy:

1. The Bottom Continues to Fall Out of the Housing Market
2. The Derivatives-Related Meltdown, Part II
3. Consumers Run Out of Steam (and Take the Economy Down With Them)
4. That the Rest of the World Decides They Don’t Need Us and the Dollar Tumbles Hard
5. That We Don’t See It Happening Because It’s a Slow-Motion Train Wreck

Check it out. Via NJ Real Estate Report.

Now I love reading Jason Calacanis, but this post where he makes the statement:

Now, the fact that I’ve had a top story *twice* in two weeks with my tiny little 10,000 person a day blog speaks volumes for the power of TechMeme. The fact that folks who you’ve never heard of before TechMeme get the top slot 10x more than I do is EVEN MORE TELLING.

really cracks me up. You have a blog with 10,000 people reading it daily and you really think you can call that a “tiny little” blog? That is so out of touch, or I am really missing the satire (quite possible). 10,000 daily readers would have to put you in the Top 1% of all blogs in the so-called blogosphere, a fact which Jason surely is aware of, so don’t for a minute fall into the trap of believing that 10K daily readers makes for a tiny, little blog.

If you’re a blogger with a tenth of that volume, 1K readers a day say, you have a very large audience. For a blog, that is. The vast majority of your peers have a fraction of that audience.