Is there irrational exuberance and a bubble about to burst or are we living in a margin economy where the thin margins on hardware are exported to Asia and the big margins on the design and ideas stay in the US?

There are two interesting points of view that don't quite converge here, but are worth contemplating…. On the one hand there is Stephen Roach's macro view of the problems of global balancing and the challenges associated with an American current account crisis, brought on by a lack of saving….. On the other there is the views originally written about by Andy Kessler and blogged about by Tom Evslin that describe why Microsoft and Intel are such good investments….

Hmmm….

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Posted in Economics Main Page by Chris Gilbey No Comments Yet