Wednesday, January 21, 2015

Economy

NBA bubble.
"Boosted by Steve Ballmer's league-record $2 billion purchase of the Los Angeles Clippers, the franchise values of NBA teams rose an average of 72 percent in one year, according to new estimates released by Forbes on Wednesday. "
It's everywhere.

Tech industry criticized for creating a legacy of disposable employees, but this is really a legacy of central banks which create the boom and bust business cycles felt so keenly in tech.

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