Hugh McGuire

publishing, technology, media, philosophy, a bit of politics.

The Jackson Hole Consensus: Central Bankers & Assets

In my post about the the stock market bubble(s) of the past 15 years, I asked what kind of policy shift happened in the 1990s to allow such a significant change in stock asset valuation. The answer comes from Niall Ferguson, in this fabulous (and scary) interview in the Globe: “Monetary policy evolved in a […]

Newspapers: It’s Not Me, It’s You (Maybe)

With all the talk of newspapers shutting down, I wonder if we might flip the traditional interpretation: Maybe the problem is not so much online news sources killing off business for print newspapers; maybe the problem is the continued existence of print newspapers is stifling innovation in the online news space. Since so much (local) […]

Role Reversal

Check this little gem of a tectonic shift, found in Wired’s The Netbook Effect: How Cheap Little Laptops Hit the Big Time (see page 3): The Taiwanese firms, Shih argues, now have enormous clout in the PC industry. In the US, we regard branding and marketing—convincing people what to buy—as core business functions. What Asustek […]