In a recent issue of the beloved comic book, Superman’s alter ego, Clark Kent, quits his job as a journalist at the Daily Planet because the paper has gutted its news coverage. Is the outlook for newspapers really so dire that even superheroes have given up on them?
Author: Edouard Chazal
Is Greece In Default Again ?
My feeling is that the answer is no. You can make the argument that this is a coercive distressed exchange, and that coercive distressed exchanges are one way of defaulting. But default is a fraught word, and I don’t think it should be used lightly. In this case, when the exchange is genuinely voluntary for all but the Greek banks, it seems weird to call it a default. Especially when the bonds are trading at their all-time highs.
Apple – After The Thrill Is Gone
As such, the thrill and excitement of extraordinary returns is simply not there anymore. And when the thrill of extraordinary returns is gone, then there is not a whole lot of reasons to hold onto the Apple. In which case, you are more prone to sell it than to hold on to it. In other words, you become trigger sell happy. I think that as more and more investors realize this, more and more will chose to sell.
Review: Le Choc des Marchés, Mohamed El-Erian
Au delà du jargon économique et financier propre à rendre le livre réellement imbitable pour les profanes, la conclusion est un bilan bien propre bien net d’universitaires zelé par toutes ces années passées au sein d’un fond qui converge plus vers la masturbation financière de long terme que vers une véritable prise de risque.
Voilà donc mon point sur ce livre : pas d’alpha pour beaucoup de beta.
Innovation Crisis or Financial Crisis?
In a forthcoming book, they argue that the collapse of advanced-country growth is not merely a result of the financial crisis; at its root, they argue, these countries’ weakness reflects secular stagnation in technology and innovation. As such, they are unlikely to see any sustained pickup in productivity growth without radical changes in innovation policy.
Abnormal Capitalist 