Flight to Safety Drives Down Interest Rates “U.S. Markets Tumble as Fear Spreads” —headline, Wall Street Journal (1/24/14) It’s not great news for people who own stocks, but for prospective home Buyers about to lock on a mortgage, it’s terrific news. Namely, the sudden aversion to stocks and all-things-risky has prompted a stampede into bonds,...Read More
The Microsoft Precedent What turned Microsoft from the preeminent company of the early Internet era (circa 1999) to a company that is now eclipsed by such juggernauts as Google, Apple, and even Amazon.com? One theory is that its focus on “legacy” products — operating systems and applications software — caused it to miss such innovations as Internet search, smart phones,...Read More