Monday, March 24, 2014

A few more newsbits

Here's just a couple more things:

Bespoke - sentiment is slightly bearish. Almost as if the market is waiting for something.

Reformed Borker (Bork Bork Bork!) - yes, biotech is a bubble. The interesting part for me is this Soros quote:
“I have developed a rudimentary theory of bubbles along these lines. Every bubble has two components: an underlying trend that prevails in reality and a misconception relating to that trend. When a positive feedback develops between the trend and the misconception, a boom-bust process is set in motion. The process is liable to be tested by negative feedback along the way, and if it is strong enough to survive these tests, both the trend and the misconception will be reinforced.”

FT beyond brics - BJP party ranks swelled by defectors. Meanwhile some prominent Congress pols are standing down.

Krugman - favouring wealth over work. The big not-so-secret is that the kleptocratic elite are the ones who control government.


  1. Local fed chair - I like this guy's name, it's like a hebrew native american. As for the article, I have no idea.

  2. Barry sounds a little like you today, minus the f-bombs..