It would be nice to have stock market gains in triple digits and Fahrenheit temperatures in double ones rather than the reverse. My computer gave trouble all weekend and this morning a technician replaced the modem and things are running smoothly again. We still await the new air conditioner unit for the (yech hot) master bedroom.
If there is no such thing as beta, as reported yesterday in an EDHEC study from France, then there is probably no such thing as alpha either. That’s a shame because today I got a Seeking Alpha article headlined “Lewis Turning Point in PRC.”
It was not about me. It was about William Arthur Lewis, the Nobel Prize economist who posited that at some point an emerging market will run out of cheap labor. The Seeking Alpha article was by Aoyu Bai, a Canadian.
