Happy Holidays from the 'friendly' micro-aggressives at Cornell...
From page 2 of Cornell's "Fire Safety Guidelines For Holiday Displays"
Beware of those dangerous 'Star of Davids' and terroristic Mistletoe?
It seems 'inflammatory' has a whole new meaning.
h/t @JudithShulevitz
Now what?
The pork cycle is to economics what the law of gravity is to physics. You can count on it. Every single time. The only thing that makes economics the trickier science, is timing. Because you never know when the market hits peak or bottom. But economics is not an exact science. Investors don't need to get the cycle exactly right to make money. About right cuts it.
Maybe it's the "Ex-FX" lack of transparency? Maybe it's the 'taking profits' on the year's biggest winners? Or maybe it's the 32x P/E multiple.. But Nike has gone from hero to zero overnight...
Submitted by Charles High-Smith via OfTwoMinds blog,
A new system is self-organizing before our eyes. We just have to stop obstructing its rise and start facilitating its expansion in self-evident ways.
What's abundant and what's scarce? The question matters because as economist Michael Spence (among others) has noted, value and profits flow to what's scarce. What's in over-supply has little to no scarcity value and hence little to no profitability.