Technology investment drove growth in the 1990s, both directly and by fueling a rising stock market that led to increased consumer spending. Alex Berenson Read Quote
Big fund companies have many ways to increase the returns of young funds that they want to promote. And at least one of those games involves popular offerings. Alex Berenson Read Quote
As the Nasdaq soared in 1999 and early 2000, demand for many offerings far exceeded the supply of shares available at the initial offering price. Alex Berenson Read Quote
To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply. Alex Berenson Read Quote
One of the Internet’s highest-profile companies, Priceline once dreamed of transforming the way consumer goods are bought and sold by offering customers the chance to ‘name your own price’ for a variety of products, including airline tickets. Alex Berenson Read Quote
Lower interest rates are usually considered good for stocks because they lower the cost of borrowing and make bonds a less attractive alternative investment. Alex Berenson Read Quote
In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses. Alex Berenson Read Quote
Sochi started with the same problem as every Winter Olympics. Forget the crass commercialism, the fake amateurism, NBC’s refusal to televise important events live to all its viewers. As an event, the Winter Games fail on the most basic level. They’re lousy to watch. Alex Berenson Read Quote
Good spectator sports share certain fundamentals. Their competitors battle head-to-head. Their winners are determined objectively: fastest runner, most points. They are refereed, not judged. Alex Berenson Read Quote
Downhill track sports like luge are technology battles, as exciting as a NASCAR qualifying day. Alex Berenson Read Quote
