Economic trends

wnylibrarian's picture

Rat Poison

A "rat poison" bubble? (via Reuters) Buffett bashes bitcoin as thriving on mystique, favours stocks / https://www.reuters.com/article/uk-berkshire-buffett-cnbc/buffett-bashes-bitcoin-as-thriving-on-mystique-favours-stocks-idUSKBN1I813N

wnylibrarian's picture

The Wall Street Library

I'm sure the libraries thought it was a good idea at the time. Now, less so. This is not meant to be a political or ideological commentary. However, and there's a big however here, a business's job is to maximize profit not to maximize service. That is what it is. It is what it will always be. It is an economic law. Sometimes services are enhanced, upgrades, because both sides have a common goal.

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