Great article in the New [...]
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The Economist Magazine has an interesting article on the “the brains of capitalism”. Finance’s development is more contemporary than most people realize, and this newfound braininess has driven a fair portion of the world’s prosperity for the last few decades, and may well also explain some of the world’s current [...] Arther Laffer (inventor of the Laffer curve and arguably supply-side economics) et al have a particularly bearish perspective (which I share) on the world’s economic outlook: http://online.wsj.com/article/SB122506830024970697.html A [...] To everybody trying to understand what’s driving the current economic malaise, I haven’t seen a better description than the below deck that Sequoia put together for its portfolio companies. Oh, and my $0.02 for you startuppers: what they said, x 2. Sequoia Capital on startups and the economic downturn View SlideShare presentation or Upload your own. (tags: [...] From the Wall Street Journal today: The above table suggests that, in general, real estate values have fallen about 2/3 of the amount that they need to fall. (This assumes that values will fall to historical levels; this assumption is for another post.) Also noted in the article was that according to various real estate indices, the [...] Hat-tip to Paul Kedrosky for publicizing this great slide deck on making sense of the mortgage meltdown from the Milken Institute in Los Angeles. Press the easel button in the viewer to blow it to full screen, or download the original. Making Sense of the Mortgage Meltdown PS – Does anybody remember only a year ago when [...] An oldie but a goodie: It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. - [...] One of the fundamental underpinnings of modern capitalism is the voluntariness of the transactions that make up the commerce in a capitalistic society. My patronage of a coffee shop, and the subsequent exchange of $4.00 for an eggnog latte, is voluntary by both parties to the transaction: I didn’t have to buy the latte, and the [...] |
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