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" ... Apart from the human tragedy, the image of the Titanic—a ship rapidly sinking while the band (bravely) played on—may seem a bit cliché as a business metaphor. But the incredible speed at which that ship went down keeps coming to mind today as companies with staid, seemingly solid business models, in industry after industry, capsize in very little time. ... "
" ... It would also be pretty stupid to capsize a vessel through a hack while the hacker was still on board! ... "
" ... These "bond bulls" may believe yields are too high because of an assumption that the Fed will be increasingly dovish as global economies recede. But there may be a disconnect between the extent of bond buying and the actual fundamentals of the economy. If there's a move the other way in bonds, how quickly and to what extent Treasuries sell off could help tell us how much was just trading versus how much was fear about the economy. It's like the old adage—as more people move to one side of the boat, the risk increases that it will capsize. ... "
" ... “This was the most dangerous point in my life” Bilal told me. “In this little boat we had a terrible number of people inside. There was one family with seven children and a baby just 6 or 7 months old.” The driver took the wrong route, and rather than remaining near the coast the boat was driven out to sea where waves threatened to capsize the boat and the driver struggled to move the boat in land. “The [children] all cried and the women they prayed to god to help us… Believe me we all saw death because we were stopped like this for [many] minutes.” Finally the driver regained control of the boat and crossed the Greek border, eventually landing on Lesbos, where UNICEF was waiting to take them to the refugee camp on the island, already overflowing with other migrants, where they were given food and dry clothing and received papers allowing for a month’s stay in Greece. ... "