Here is a sneak peek at some links from my weekly Weekend Reading column over at TheStreet/Realmoney:
- Nassim “Fooled by Randomness” Taleb’s new book The Black Swan: The Impact of the Highly Improbable is thought-provoking and excellent (Amazon)
- IEA says China oil demand for 2007 forecast to be 6.1% higher than originally expected (O&G Journal)
- $3/gallon at the pump seems to be the new price that changes driver consumption behavior (TWIP)
- The Google/DoubleClick deal price is a bargain for its strategic value, but it does have advertisers nervous about concentration of power (AdAge)
- Portfolio magazine first issue includes rare profile of T. Boone Pickens (Portfolio)
- An aging wave is creating a gold rush mentality among many pharma companies and health service providers (NY Times)
- San Diego home sales were down 26% year-over-year, the largest drop since 1995 (SD U-T)
- Low levels of market volatility continue to encourage risky behaviors (Economist)
- Softbank may have changed its business, but it still chews through cash like few others (Economist)
- Apple’s iPhone is already passe (Economist)
- Some savvy comments on supply, China demand, and alternatives from the 8th International Oil Summit (O&G Journal)
- Politicians have appalling post-bubble real estate ideas, including suing mortgage-bond investors (Bloomberg)
Related posts:
Re: Real Estate, median prices higher in SD and in the Bay Area. Interesting…
MEDIAN UP 3.8 PERCENT IN A YEAR, DESPITE SLIDING SALES
East Bay home sales, prices mostly rise in March
The Bloomberg article stipulates the housing “bubble” has burst even though housing prices are up in Feb and March. Odd.
Median prices were UP last year in San Diego, and UP last year in the bay area. I look at that as more evidence for the anti-bubble contingent.
Yes, I noted same thing elsewhere. The bubble-istas argue this is classic post-bubble behavior: Volume shrinks to nothing as demand falls and prices stabilize, and even rise. The next step, they argue, is a decline on increasing volume.
We will see whose thesis holds …
The iPhone is also lacking GPS which is The Next Big Feature in phones.