If you have been reading this blog and some other greats, you are probably aware that although the press would like you to think “the worst is behind us”, we are only looking at the end of the first phase of the collapse. 2008 saw the beginning of the massive deflationary cycle that kicked off […]
Thanks to long time friend Sean Church for this great story about a corrupt executive at Fry’s electronics. For those of you who may not know, Fry’s is the ultimate store for nerds, geeks, gadget heads and everyone who loves computers and electronics. Their motto, “Your best buys are always at Fry’s!”. Now this story […]
The New York Times has an outstanding and lengthy article tracing the rise of the Madoff investment firm that, in the end, turned out to be (in Madoff’s own words) a $50 billion Ponzi scheme: The juggernaut began to sputter this fall as investors, rattled by the financial crisis and reaching for cash, started taking […]
In a picture: Hat tip to Greg Mankiw’s blog. ..bruce w..
OK, I really don’t care about the political preferences of the people how made this — it’s just brilliantly done: And where’d they get the high-quality capture of The Dark Knight? Hat tip to 2008 Central. ..bruce w..
Word comes today that we have the start of another bank run. This one is hitting the Hong Kong based “Bank of East Asia”. According to the BBC: The Bank of East Asia has denied rumours that it is in financial trouble, after thousands of customers queued to withdraw their savings. After weeks of global […]
In case you did not happen to be within 3 miles of an Apple fan today, Friday July 11th was THE day, the holy day when Jobs the Magnificent would allow the faithful to purchase some really nice hardware, namely the second generation / 3G iPhone. But, boys and girls, this is instead a lesson […]
Nearly two years ago, I wrote a post about the future of broadcast video, comparing Al Gore’s venture, Current TV, with YouTube and similar venues. The post ended thus: On our DirecTV satellite system, we have hundreds of channels, though fewer than we used to; we dropped all the movie channels when we discovered that […]
