And, Thursday morning's banner headline in MarketWatch.com was a perfect example of the depths to which the financial media has fallen-"Mark Cuban: This tech bubble is 'far worse' than back in 2000." I thought we might have seen the worst of this talk, maybe even put it to bed in our post, "Will miracles never cease?" Actually, turns out the bubble Mr. Cuban is referring to was not a bubble in publicly traded tech stocks; but, rather a bubble in venture funding for technology start-ups. Now, this is not the type of stuff (systemic risk) that would bring the market or economy to their knees; but, it could put a crimp in rapidly rising San Fransisco Bay Area real estate values. I must say in fairness to the author, the headline did get me to look at the article. Good news is bad news again! Friday, non-farm employment jumped… Read More …
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