Steve Jobs Presents to the Cupertino City Council
Steve Jobs presents to Cupertino City Council on June 7. Fairly remarkable moment.
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Tracking Talent Flows in Silicon Valley
Some new research from an online recruiting service allows us to track talent flows in Silicon Valley. Where are people going? Where are they coming from? You can see the hollowing-out of Yahoo, the...
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BP: Global Solar & Renewables Growth
From the latest BP energy report, impressive growth in global renewable energy, up 73 percent year over year. Most of this is happening in Europe, and subsidies there are tapering off to some...
View ArticleNotes: Recovery, Groupon, Oil, Wimbledon, etc.
Groupon to Offer IPO Role to Six More Banks (Bloomberg)Market efficiency, anticipation and the formation of bubbles-crashes (arXiv)Nigeria: The Cost of Oil (The Atlantic)Wanted: More Wimbledons...
View ArticleGroupon Needs More IPO Stock-Floggers
This is not a good sign for the Groupon IPO — more stock-floggers needed:Groupon Inc., seeking to raise $750 million in an initial public offering, asked six more banks to help underwrite the sale,...
View ArticleWeekend Reading: June 12, 2011
Economic activity next week:Economic indicators (CR)Earnings reports (Earnings.com)Some articles and papers worth reading:Buffett: How inflation swindles the equity investor (Fortune)The Supercycle: A...
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Lottery Effects in U.S. Wealth Skew
I have been giving many talks lately about the macro condition of the economy, including a recent one in Canada to some insurance executives. In the Q & A afterward I was asked a question that...
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Haircuts and Sovereign Debt
Intriguing results in a new paper that tries to explain why sovereign defaulters get access to capital markets so quickly after they punt on prior debts. The gist is that it really depends on the size...
View ArticleCalifornia, the Colorado and the Drought: It’s Not Over
Good new interview with the head of the Southern Nevada Water Authority, the well-respected Pat Mulroy. An excerpt on the Colorado River and whether the U.S. is still in drought, given California’s...
View ArticleThe Case for Ecumenical ETFs
I’m fond of tracking which ETFs close, mostly in the same way I might track rising and falling pop songs. It tells you what the cool kids are up to, or at least what people think they should be up...
View ArticleBank of England Discovers Google Data
A new paper shows that the Bank of England has discovered the InterWeb, or at least Google Insights for Search data. Here is the summary, but the entire paper is worth reading.Using internet search...
View ArticleGifts for Natives: Financial Urban Legend?
I’m a big fan of urban legends, financial and otherwise. You learn so much about people’s fears, paranoias, confusions, etc.Here are a few examples from Snopes:U.S. law specifies that a creditor does...
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Global Oil Crosses Into Structural Deficit
I’m on the record as a long-term bull on oil prices, with us likely to see repeated spikes over the coming decade as weak new supply wars with stubbornly high economic growth in emerging markets....
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Cars vs Cell Phone Embodied Energy
Last week in a talk energy guru Vaclav Smil made the claim that four cell phones equal one car in terms of embodied energy from manufacturing. This is not energy used on daily basis, nor is it a...
View ArticleTech Causing Silicon Valley Homes Prices to Get Sillier
You knew this was coming:A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up home values in...
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