It is hubris to declare that something will never happen in business.   Consider this statement.  Sony Mobile’s leader has no way of knowing whether the company can last in the phone market or not.  Sony has been bleeding for years after losing its no.1 status as a consumer electronics company.  It is an open […]

Posted on July 10th, 2015 by admin
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The failure of two major networks yesterday points to the fragility of the digital economy.  Although there was no evidence of hacking, it is uncomfortable to know that a broken switch or burned-out router or other malfunction can bring down both a stock exchange and a separate airline booking network at the same time.  What is worrisome […]

Posted on July 9th, 2015 by admin
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The Chinese stock market continues its sell-off, and novice investors have been burned badly.  One could have predicted the fall.  Many Chinese companies have obscure accounting and earnings that are not credible.  Many are carrying huge debt loads, which they will have difficult paying off.  Some are keeping two sets of books — one for […]

Posted on July 8th, 2015 by admin
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The head of the Eurogroup of Finance Ministers is warning Greece to come up with a credible debt restructuring package.  Needless to say, the European Union will define credibility and not Greece.  The country may have its citizens behind it, but they are bit players in the drama taking place.  Greece’s prime minister is scrambling to […]

Posted on July 7th, 2015 by admin
Filed under: Uncategorized | 165 Comments »