Tuesday, November 11, 2014
Not much reason to get into the news: it seems like everything is set-and-forget. But here's just a couple items:
Liz Ann Sonders - to da moon Alice! Everything is fine so quit worrying and buy the S&P 500.
Mineweb - I!Am!Gold! to shrink its executive ranks by half. Oh noes! Teh poor executives! Thankfully, Fire Steve Letwin and his chinstrap & muscle shirt will stay on. As IKN notes, he'll continue receiving bonuses and incentives, because it's so hard in the mining industry to find and retain a CEO who can reliably generate a stock price drop of over 50% a year, year after year.
FT beyond brics - China growth to slow. To me it's obvious that as an economy modernizes its baseline growth rate should slow. But apparently Louis Kuijs thinks it's remarkable or something. I dunno how these people get jobs.