Sunday, April 19, 2015


Ginni Rometty, chairman and CEO of IBM, on Charlie Rose (video) (LINK)

A breakdown of some of Michael Burry's posts on the Silicon Investor message boards from the late 90's (LINK)

The great bond conundrum (LINK)
AT THE start of 2015, the yield on Germany's 10-year bonds was 0.54%, which probably did not look very enticing to investors. Now, however, the yield is just 0.1% and seems to be heading inexorably for zero. Already the average yield on all German debt is negative. A recent survey found that a net 84% of global fund managers thought bonds were overvalued.

How far can this go? That is the dilemma. In the long run, such a yield looks crazy; in the short run, not so much. The European Central Bank is buying bonds to the tune of €60 billion ($64 billion) a month. Betting against a purchaser with an unlimited credit card is like standing in front of a train.
Bacteria bonanza found in remote Amazon village (LINK)

The printed organs coming to a body near you (LINK)