Is Apple a bubble stock? I think there's a link between the moral breakdown fed by the Fed's easy money policy and the entitlement, selfish, style over substance mentality that Apple has tapped into. But people have been saying Apple is a bubble for a couple of year. I think they were right then and they're right now. The Fed has been inflating a treasury bubble, education bubble, and the Apple bubble.
Norway man sues the state under legal tender laws to pay his bills in cash. This puts the state between it's own rock and it's own hard place. On the one hand, it says bills are legal tender for all payments. On the other, it's trying to outlaw cash to prop up the fractional reserve banking system.
Sunday, October 21, 2012
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