Saturday, July 30, 2016
Manic Blow-off In Tech
Tech moon shots and semiconductor acquisitions. Wondering why the Nasdaq has been outperforming in the past month? Wonder no more...
mergers and acquisitions...
But first, a primer on bubbles:
MarketWatch: Some economists argue that the economy has just been bubble after bubble and that we’re doomed to repeat this cycle.
Greenspan: Well, I agree with that...what we’re dealing with is that both a necessary and sufficient condition for the emergence of a bubble is a protracted period of stable economic activity at low inflation. So it is a very difficult policy problem. I do believe that central banks that believe they can quell bubbles are living in a state of unrealism.
Posted by Mac10 at 11:17 AM