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Slice of MIT,
ZeroHedge,
Baseline Scenario,
Tito's News
Federal Budget: Receipts = Interest + Health Care + Social Security + Other Mandatory, i.e. nothing left to be cut (via The Only Two Charts That Matter For The US, And A Q&A On The Fiscal “Debate” From Goldman Sachs)
Based on these figures from Reuters on the the first 9 months of 2010, it seems like Facebook has a nice 30% profit margin and probably a 50%+ EBITDA margin.
Valuation of $50 billion still prices in a lot of growth, but is less crazy than I thought.
Fed vs Bank of England vs European Central Bank balance sheets
Goldman Sachs is the House and always wins.
