ATTN: BlaiseP and Jordan: much as we appreciate your discussing petrodollars and reserve-currency issues in our hallowed confines, the discussion on the "Strategery" thread is crashing up against the RH margin at a rare clip: so here's a wide-open new thread to hash it out in!
Also: in more news from the World Of Sports, a resolution (or sorts) to the L.A. Clippers contretemps: The Sterlings (well, one of them at any rate), has agreed to sell the team - to former Microsoft CEO Steve Ballmer. Price: a nice round $2 Billion. Which, AFACBD, comes out to a tidy 15,900% profit on the original purchase.
A couple of things stand out about this proposed deal: first, that Steve Ballmer is apparently buying the team personally, not as the front-man for a syndicate; also, that there probably aren't all that many folks out there who could pop for a $2B tab out-of-pocket.
However, I don't think we're quite done with the media fun over the Clippers just yet: the Ballmer deal was announced by Rochelle (Shelly) Sterling: her husband, The Other Donald seems to have been left out of the loop. Whether that's going to affect his $1 Billion suit against the NBA remains to be seen. With a big audience, I'm sure.
PS: I've just about managed to read to the end of Capital in the 21st Century - is the Forvm Piketty Diary coming soon: or can I start forgetting what I've read, until later?