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Comment Yeah, pretty much. (Score 1) 109

I know you're trying to be sarcastic, but the truth is, we Europeans are only going to get through these times of de-globalization, demographic decline and power-shifts together. The UK would've been far better off throwing their weight behind EU issues that need solving rather than using the EU as a cheap scapegoat for the elites grabbing a paycheck and lining their pockets.

Comment Re:Damning (Score 2) 65

So true. Sadly these days the market can stay irrational almost indefinitely. The factors that helped constrain this irrationality, like actual government oversight and discipline of equities and debt, willingness to let large corporations fail, and investor discipline in discerning real growth from financial games have all been eroded.

I have no idea when valuations will fall, and I wouldn't want to be better on a market that has no basis in fundamentals at all.

Comment The Gema is a pesky bunch. (Score 2) 63

They are the plaintiff in this case. They're still stuck in the steam age of media technology and royalty mechanisms. Rulings and concepts from the 50ies and 60ies. Super annoying. You don't want to get pissy with them because they have a de-facto government mandated monopoly on collecting royalties. Quasi a semi private semi official body for that exact purpose.

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