By 'Bubble' I assumed he was referring to the Nasdaq's collapse back in early 2000. (At its current level, it needs 100% return to get back to those levels).
His article has nothign to do with the traditional understanding of what a "bubble" is, espeically when referring to the tech 'bubble' of the late 90's.
If somehow he is referring to the tech bubble in the financial sense, there is no 'Tech Bubble 2.0'. Why? Well, Yahoo, like most other tech stocks at the time, was trading at over 1700 P/E at one point in the late 90's. In other words, based on its earnings at the time, it would have taken 1,700 years for it to make the amount of money its stock was worth. Yahoo is currently trading at a P/E of 46. In fact, most stocks now are trading at fairly conservative P/E ratios as compared to historical ratios.
You wanna see a tech stock with a high P/E in modern day society? Check out ticker symbol: CRM. Luckily, in the grand scheme of things, this is just an outlier.
The difference is the Austrian school is ridiculed by fellow economists, not laymen with no knowledge of the field. In fact, evolution is about the perfect analogy for Aurstian economics and libertarian fiscal philosophy. You guys are just like the creationists. You want to believe its true so badly that you ignore the millenia of evidence against it.
"You guys"? I have made No assertions as to the validity of EITHER economic point of view. For all you know I may be in agreeance with you. My point was/is that you shouldn't make claims about one theory, without even taking the time to study the other (which has been logically justified on its own accord in the LIterature I listed earlier). Claiming that you are right does not make it so, neither is using ad hominems in place of logical reasoning.
Education, especially the '101' classes are hardly objective and rarely cover enough material to make anyone a pundit on economic markets. Your education can hardly be used as an objective justification of economics. Before you start regurgitating the praises of FDR, I suggest you check out Adam Smith's 'Wealth of Nations' and Harry Browne's 'Why Government Doesn't Work'.
I really dislike these types of 'studies' because they can be grossly misleading. The same data sets can allow you to draw to correlate a number of conclusions, neither one of which could be correct.
Maybe people that are prone to obesity are also prone to be friends with people that are prone to obesity.
Or, be default, maybe people that remain skinny when their friends get fat break the relationship because they don't like to be friends with fat people, and therefore the only friends the fat person has left are the ones that ended up putting on weight.
The point is, Correlation does not equal Causation.
A company like Microsoft allocates $1 billion dollars for warranties. But that doesn't mean they will use that $1 billion.
Take for instance a stock I am following. BRLC (They sell LCD TV's Olevia brand). The company last year allocated $16 million for warranties; a cost for them. But they only used $4 million in warranties. Thus, the following year they posted a $12 million rollover profit. If XBOX quality control is better than expected, a good chunk of MSFT's $1 billion will go back into their own pockets. And will help them boost earnings.
Soon we'll have no assets to be seized. We'll simply have to send out letter to the Secretary of Treasury telling them to look for our assets at the IRS.
Actually, whether or not Aliens from outer space look human would be based on evolution. Given similar earth-like conditions, I think it's a higher probability Aliens from outer space would be humanoid than not. I'm no scientist, but it made logical sense when I heard this argument presentedon Discover/TLC/NOVA type program.
I still haven't upgraded the 512mb of ram in my Macbook. I guess this ruling will allow the memory manufacturers to go back to price gauging. To rephrase my previous comment with a more interesting euphemism; The ruling implies that I'll be sticking with 512mb of ram...
Up to 5,000 computers were used at any one time, generating a total of 2,000GB of useful data.
Based on the size of useful data GRID collected from 5,000+ machines and the quantity of pornography on my computer, they are claiming that: porn != useful.
...GRID computing; you disappoint me.
Of course FAA is going to downplay the incident. What do you expect them to say? "Yes, there was an unidentified flying object (ie.. russia, china, north korea, aliens) that breached our airspace without our knowledge."
That's like them admitting that a person strapped with TNT was walking around in the terminal, and then disappeared. Err... of course they'll say it was an insignificant event/delusion.
Admitting something like that would simply demonstrate the ineffectiveness of our (usa's) defense capabilities... which, considering our spending on defense, would not be a good thing.
What is the need behind the RIAA? 10 years ago, the record labels were the source for music distribution (CDs). The requirement for a 'Hard Copy' of the songs (CDs) will continue its downward slide (see: iTunes).
Though to me it is doubtful that the RIAA will succeed in forcing artists to take an even lesser cut... Even if it does succeed in that plight, it is only a matter of time before the RIAA will lose its grip on the artist entirely. And consequently, it will cease to be a necessary middleman/evil for the artists to deal with, in order for their music to be distributed for profit.
My parents emmigrated here when I was seven. I am almost 24 now. There's a reason why America is so diverse; people from all over the world want to live here. There are two types of people that don't like it here; either they are Americans who are ignorant about life outside of America or they are ignorant because they don't live in America (government censorship/propaganda). Don't get me wrong; there are many things wrong with they way our government is run. Nevertheless, in response to the original post, I wouldn't want to live anywhere else. Vacation; well, that's a different story.
From my basic understanding string theory; it is a theory that cannot be tested in the lab, and therefore, its predictions cannot be observed. The same inability exists when it comes to testing the theory of God. Both theories can explain many/most/all things in nature, but fail to be scrutinized scientifically. Also, there is More Than One string theory; all have thier similarities and differences; kinda like various religions.
Got my macbook a few weeks ago. Started to shut down randomly even after VRAM (I think that's what is reset) and PMU resets. I narrowed it down on other mac forums that it might be a Logic Board problem. Supposedly, similar probelms plagued some earlier iBook models, but this is my first Mac. Overall, I'm still satisfied, but from the looks of it I may have to utilize my Warranty to get the issue resolved.
My guess is there maybe certain variables that exist, that due to their inconsistency, make it hard to provide for controlled tests.
For instance, there have been occasions where I would be thinking of a random song, and then suddenly my sister would start singing it. Or when one day I got a knack for calling a friend that I haven't spoken to in months, only to find out that they were out of the country and were just getting off the plane in the States the minute I called. Or when my friend's mom got a strange sick feeling; called home (Ghana - Africa) and was told that her brother died a few hours ago. Maybe it's coincidence, but even if it's 100% real; (in the examples I gave) it certainly can't be tested to be proven true.
I wish I had the website address, I don't remember it. But it's not coal industry's defination of malicious, they literally are. They were behind actual destruction of property. Also, I didn't mean to give the impression that it's so cut and dry in terms of candidates (unless it comes to drug use of course)... I can guarentee that most people I worked with did not vote for Bush.
I can agree with that 100%. I interned at a corporate office of a Coal Mining company this year, and HR department told me to help them recruit new interns. In essense, all of the resumes filtered through me first. I facebooked all of the candidates... and it just so happened that the number one candidate for the position (with a 3.91 GPA) was part of a malicious environmentalist group on campus at my school. I can give you 2 guesses to whether or not she even got the interview, but you'll only need one.
It's about time, I don't understand why they haven't done this earlier. It will provide for perfect price via supply/demand equilibrium.
And good thing there's no such thing as 'scalpers union', otherwise they'd be frivolous lawsuits against Ticketmaster for taking away the 'right to a job' for scalpers.
Slashdot Mirror
By 'Bubble' I assumed he was referring to the Nasdaq's collapse back in early 2000. (At its current level, it needs 100% return to get back to those levels).
His article has nothign to do with the traditional understanding of what a "bubble" is, espeically when referring to the tech 'bubble' of the late 90's.
If somehow he is referring to the tech bubble in the financial sense, there is no 'Tech Bubble 2.0'. Why? Well, Yahoo, like most other tech stocks at the time, was trading at over 1700 P/E at one point in the late 90's. In other words, based on its earnings at the time, it would have taken 1,700 years for it to make the amount of money its stock was worth. Yahoo is currently trading at a P/E of 46. In fact, most stocks now are trading at fairly conservative P/E ratios as compared to historical ratios.
You wanna see a tech stock with a high P/E in modern day society? Check out ticker symbol: CRM. Luckily, in the grand scheme of things, this is just an outlier.
"You're either incredibly smart or incredibly stupid." - Gene Hackman to Will Smith, in 'Enemy of the State'.
The difference is the Austrian school is ridiculed by fellow economists, not laymen with no knowledge of the field. In fact, evolution is about the perfect analogy for Aurstian economics and libertarian fiscal philosophy. You guys are just like the creationists. You want to believe its true so badly that you ignore the millenia of evidence against it.
"You guys"? I have made No assertions as to the validity of EITHER economic point of view. For all you know I may be in agreeance with you. My point was/is that you shouldn't make claims about one theory, without even taking the time to study the other (which has been logically justified on its own accord in the LIterature I listed earlier). Claiming that you are right does not make it so, neither is using ad hominems in place of logical reasoning.
The theory of evolution is widely ridiculed. What's your point?
Education, especially the '101' classes are hardly objective and rarely cover enough material to make anyone a pundit on economic markets. Your education can hardly be used as an objective justification of economics. Before you start regurgitating the praises of FDR, I suggest you check out Adam Smith's 'Wealth of Nations' and Harry Browne's 'Why Government Doesn't Work'.
I really dislike these types of 'studies' because they can be grossly misleading. The same data sets can allow you to draw to correlate a number of conclusions, neither one of which could be correct.
Maybe people that are prone to obesity are also prone to be friends with people that are prone to obesity.
Or, be default, maybe people that remain skinny when their friends get fat break the relationship because they don't like to be friends with fat people, and therefore the only friends the fat person has left are the ones that ended up putting on weight.
The point is, Correlation does not equal Causation.
We've been harvesting human energy for electronic use for years: http://en.wikipedia.org/wiki/WatchKinetic Watch
Is this article real, or did they just steal the synopsis for The Matrix?
A company like Microsoft allocates $1 billion dollars for warranties. But that doesn't mean they will use that $1 billion.
Take for instance a stock I am following. BRLC (They sell LCD TV's Olevia brand). The company last year allocated $16 million for warranties; a cost for them. But they only used $4 million in warranties. Thus, the following year they posted a $12 million rollover profit. If XBOX quality control is better than expected, a good chunk of MSFT's $1 billion will go back into their own pockets. And will help them boost earnings.
Soon we'll have no assets to be seized. We'll simply have to send out letter to the Secretary of Treasury telling them to look for our assets at the IRS.
The telescope is located on top of a volcanic peak that is 2,400 meters (about 1.5 miles) above sea level.
Someone call Pierce Brosnan. Tell him to bring NASA's experimental locator beacon.
Actually, whether or not Aliens from outer space look human would be based on evolution. Given similar earth-like conditions, I think it's a higher probability Aliens from outer space would be humanoid than not. I'm no scientist, but it made logical sense when I heard this argument presentedon Discover/TLC/NOVA type program.
I still haven't upgraded the 512mb of ram in my Macbook. I guess this ruling will allow the memory manufacturers to go back to price gauging. To rephrase my previous comment with a more interesting euphemism; The ruling implies that I'll be sticking with 512mb of ram...
http://greenarrowinvestments.com/trendsetters.aspx
Based on the size of useful data GRID collected from 5,000+ machines and the quantity of pornography on my computer, they are claiming that: porn != useful.
...GRID computing; you disappoint me.
That's like them admitting that a person strapped with TNT was walking around in the terminal, and then disappeared. Err... of course they'll say it was an insignificant event/delusion.
Admitting something like that would simply demonstrate the ineffectiveness of our (usa's) defense capabilities... which, considering our spending on defense, would not be a good thing.
Though to me it is doubtful that the RIAA will succeed in forcing artists to take an even lesser cut... Even if it does succeed in that plight, it is only a matter of time before the RIAA will lose its grip on the artist entirely. And consequently, it will cease to be a necessary middleman/evil for the artists to deal with, in order for their music to be distributed for profit.
My parents emmigrated here when I was seven. I am almost 24 now. There's a reason why America is so diverse; people from all over the world want to live here. There are two types of people that don't like it here; either they are Americans who are ignorant about life outside of America or they are ignorant because they don't live in America (government censorship/propaganda). Don't get me wrong; there are many things wrong with they way our government is run. Nevertheless, in response to the original post, I wouldn't want to live anywhere else. Vacation; well, that's a different story.
From my basic understanding string theory; it is a theory that cannot be tested in the lab, and therefore, its predictions cannot be observed. The same inability exists when it comes to testing the theory of God. Both theories can explain many/most/all things in nature, but fail to be scrutinized scientifically. Also, there is More Than One string theory; all have thier similarities and differences; kinda like various religions.
That's like sueing Poland Springs because all people with cancer have at some point drank water prior to the cancer manifesting itself.
Got my macbook a few weeks ago. Started to shut down randomly even after VRAM (I think that's what is reset) and PMU resets. I narrowed it down on other mac forums that it might be a Logic Board problem. Supposedly, similar probelms plagued some earlier iBook models, but this is my first Mac. Overall, I'm still satisfied, but from the looks of it I may have to utilize my Warranty to get the issue resolved.
How can it exist but be unprovable?
My guess is there maybe certain variables that exist, that due to their inconsistency, make it hard to provide for controlled tests.
For instance, there have been occasions where I would be thinking of a random song, and then suddenly my sister would start singing it. Or when one day I got a knack for calling a friend that I haven't spoken to in months, only to find out that they were out of the country and were just getting off the plane in the States the minute I called. Or when my friend's mom got a strange sick feeling; called home (Ghana - Africa) and was told that her brother died a few hours ago. Maybe it's coincidence, but even if it's 100% real; (in the examples I gave) it certainly can't be tested to be proven true.
I wish I had the website address, I don't remember it. But it's not coal industry's defination of malicious, they literally are. They were behind actual destruction of property. Also, I didn't mean to give the impression that it's so cut and dry in terms of candidates (unless it comes to drug use of course)... I can guarentee that most people I worked with did not vote for Bush.
I can agree with that 100%. I interned at a corporate office of a Coal Mining company this year, and HR department told me to help them recruit new interns. In essense, all of the resumes filtered through me first. I facebooked all of the candidates... and it just so happened that the number one candidate for the position (with a 3.91 GPA) was part of a malicious environmentalist group on campus at my school. I can give you 2 guesses to whether or not she even got the interview, but you'll only need one.
And good thing there's no such thing as 'scalpers union', otherwise they'd be frivolous lawsuits against Ticketmaster for taking away the 'right to a job' for scalpers.