Wednesday, November 27, 2013

Just When You Thought It Was Safe To Go Back to the Business Pages

Two headlines from the front page of today's New York Times "Business Day" section

1.  In Silicon Valley, Partying Like It’s 1999 Once More. (The New York Times, 11/26/2013)

Yes, it's yesterday once more.   Opinions differ here about exactly what stage of exuberance the valley is in. “Everyone feels like the valley has been in a boom cycle for quite some time,” said Jeremy Stoppelman, the chief executive of Yelp. “That makes people nervous.”

And it gets worse.

2.  New Boom in Subprime Loans, for Smaller Businesses. (The New York Times, 11/26/2013)

Every sha-la-la-la, every wo-o-wo-o, still shines.  A scene from the years leading up to the financial crisis in 2008? No, last month.

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