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Speculative asset: I’m second to none in having faith in markets, but there’s a less complicated and maybe higher explanation for the frenzied value actions in crypto currencies. I’ve lengthy drawn a distinction between the worth sport (the place you attempt to attach a price to an asset primarily based upon fundamentals) and the pricing recreation, the place temper and momentum drive the method. I’d argue, primarily based upon my restricted observations of the crypto foreign money markets, that these are pure pricing video games, where fundamentals have been lengthy since forgotten. If you don’t imagine me, go to one of the forums the place merchants in these markets converse and take note of how little talk there’s about fundamentals and the way much there may be about buying and selling indicators.
Also, place kickers miss field objectives on function. Brendan Gibbons, usually a superb kicker for Michigan, missed a simple recreation-profitable subject objective in opposition to Penn State in 2013, and also had another sport-winner blocked, though that may have been the fault of the offensive line for letting the defenders rush in on function.
Michigan will not be the only workforce in faculty football or basketball that is required to throw games. Back in September, Ohio State was forced to throw the Virginia Tech recreation and Michigan State was required to throw the Oregon game. Every team is affected by the scandal at some point. Typically they profit from it, and typically they’re on the shedding finish. I might wish to see the integrity of the video games restored for everybody’s benefit, not just Michigan’s.