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Fly Charts: Taylor Rule Musings and Nintendo's Smartphone Problem
From Caterpillar's surge to Biogen's tipping point, here are four charts that tell you what you need to know in business today.
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Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Caterpillar's surge to Biogen's tipping point, here are four charts that tell you what you need to know in business today.
And don't miss Stephen Gandel on the rapidly inflating bitcoin bubble: "Compared with other asset classes, like real estate or stocks, bitcoin is a pimple, which is why some people have convinced themselves that bitcoin can't be in a bubble. New York City real estate alone is worth more than $1 trillion. There is $8 trillion worth of gold in the world, nearly $15 trillion in Treasury bonds and more than $25 trillion in the U.S. stock market. Bitcoin's mere $100 billion, by comparison, is small.