Skip to main content

A Longer View

Search This Blog

Go Cubs Go!!!

on November 03, 2016

Get link
Facebook
X
Pinterest
Email
Other Apps

Congratulations to the Cubs....and a very nice ad from Nike tapping into our childhood dreaming....

baseball chicago cubs nike

Get link
Facebook
X
Pinterest
Email
Other Apps

Comments

Popular Posts

Yahoo - turning around or just a shell for Alibaba?

Yahoo just announced its results for the first quarter of 2014. The shares jumped up 7% or so, not quite to the heights at the end of 2013, but close. At first glance it looks like Marissa Mayer is coming up to 2 years at Yahoo with signs of some operational improvement, perhaps even the long waited turn around. But then I came across this article in the Atlantic: How Is Yahoo So Worthless? - Derek Thompson - The Atlantic The argument is that Yahoo shares have doubled over 2 years because of the increasing value of their share in Alibaba and Yahoo Japan. Now, there can be a lot of discussion on how to correctly value the interest in these assets. Wall Street certainly seem very excited about the potential value of Alibaba, and Yahoo is the only way to play it. However, there are likely complex tax implications once the IPO happens, expected in Q3 this year, so the valuation in the chart above is perhaps inflated. However, perception and belief play a larger role in financial...

Ian Bremmer on Globalization

The New Rules of Globalization - Harvard Business Review I thought this a very clear articulation of the realities for multinational companies, especially when 'Stay Home' is one of the key strategies to now follow. One could see this as a welcome re-balancing of the world from western companies continuing the imperialism of their home countries past. After all, ensuring that one is actually adding value to the state one is operating in seems a reasonable request. But I think we have to question the nature of those states asserting themselves with more economic power than in the past. They do not follow all the same values of democracy and freedom as the US, with Europe in support, has represented over the last century. These rising powers place multinationals in more exposed and uncomfortable positions, as they must now more explicitly deal with the democratic and social contradictions of their partners, when in the past it was often simply not spoken of by either partne...

The end of 2% inflation?

The end of an era? A really interesting long term perspective in the Economist , suggesting that this is the end of the 2% inflation target, and that there are good reasons to move to 3-4%. I imagine though that this still requires some painful readjustment in the next few years to higher interest rates for home buyers and businesses. Of course, higher inflation could help cushion that adjustment in nominal terms, but many will likely feel increasingly the pinch of managing to keep up with higher payments while incomes and profits probably take longer to adjust. "One immediate fear is of a blow-up, as a financial system that has become habituated to low rates wakes up to the soaring cost of borrowing." Perhaps not in the public banks, but in the dark pools and private investment landscape. If the Musk Twitter transaction actually closes, watching the performance of that debt will be indicative. "In a big shift from the 2010s, a structural rise in government spending an...

Powered by Blogger