In the mid 2000's, while at CSC, there came an announcement that the internal data centers (aka, "cloud" before that meme was invented) would be consolidated in Australia. I was aghast. For those who don't follow the Science Channel and such like, the island/continent of Australia is by far and away the most arid populated place on the planet. Moving anything there is silly. Not only that, but Australia was then in the midst of an historic drought, making a dry land virtually…Continue
Added by Robert Young on May 26, 2015 at 6:14am — No Comments
He pontificates in today's NYT Magazine interview.
So what's the average person supposed to do? Save more. An investor could also take on more risk. I wouldn't recommend that, but that is something investors are doing, which suggests there's a bubble.
This from an avowed guru. The Dot Bomb happened because the Giant Pool of Money had…Continue
Regular reader will recall those musings derived from the notion that, if the 1% get their way in killing Obamacare, soon enough even they won't be able to afford healthcare. They'll have to have Obamacare. With the 99% paying for it, of course.
The motivation for the deduction is simply average cost. In the Olden Days, of individual craftsmen serving the liege, production happened with little to no capital cost. It made sense, in a macro way of thinking, to put the serfs to work…Continue
Added by Robert Young on May 6, 2015 at 6:00pm — No Comments
There's an editorial in today's NYT on drug prices, and I didn't have to wait for my dead-trees copy and coffee to find out about it. Saw it on Adam Feuerstein's Twitter feed. No, as I've said, I'm not a twit, but AF side-posts a feed on some of his regular posts.
What's being missed in all this is calling bubbles, which aren't there. Bubbles…Continue
Added by Robert Young on May 5, 2015 at 5:54am — No Comments