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Miles said:
Interference discount
Hard to pick up a paper since Christmas without reading about one or more of:
Sense shift towards increasing government influence and regulation – Worries me that market will discount for the specific events above, in the individual industries, but then apply a grater discount to the whole because of uncertainty of what coming next. Concern is just seeing a wealth transfer from the private sector to the public and related entities without the support of effective grass root initiatives to drive competition and genuine longer term innovation. Will maintain the list going forward and expand with fuller background.
Tuesday, February 9th, 2010