Submitted by Tim Price via The Cobden Centre,
“We’re not gonna make it, are we ? People, I mean.”
“It is in your nature to destroy yourselves.”
“Yeah. Major drag, huh ?”
From James Cameron’s ‘Terminator 2: Judgment Day’.
Here is a thought experiment. It is January 2000. The last wild Pyrenean ibex has been found dead, squashed by a tree. America Online has just […]
“We’re not gonna make it, are we ? People, I mean.”
“It is in your nature to destroy yourselves.”
“Yeah. Major drag, huh ?”
– From James Cameron’s ‘Terminator 2: Judgment Day’.
Here is a thought experiment. It is January 2000. The last wild Pyrenean ibex has been found dead, squashed by a tree. America Online has just announced an agreement to buy Time […]
Who will tell me when to sell ahead of everyone else?A Tale of Two Bubbles:Biotech and FrackingLast July, Janet Yellen said that Biotech was overvalued. Right after that, fracking stocks crashed totally “unexpectedly”, to the tune of trillions (including the debt). Everyone said “that’s odd, I wonder why that happened?”.So after that, momentum chasers stopped investing in ‘Energy Indepedence’ with […]
On July 15th 2014, The Federal Reserve uttered the following warning to exuberant equity investors, “Valuation metrics in some sectors do appear substantially stretched — particularly those for smaller firms in the social-media and biotechnology industries.” 5 months later, Yellen Capital LP is half right…As Bloomberg reports,
Social-media shares declined after the report, as shown above, which tracks the performance of […]
I like this list from Dougie:Debt is cheap.
Debt is plentiful.
There is the egregious use of debt.
A new marginal (and sizeable) buyer of an asset class appears.
After a sustained advance in an asset class’s price, the prior four factors lead to new-era thinking that cycles have been eradicated/eliminated and that a long boom in value lies ahead.
The distance of valuations from […]
