Reports suggest that Ballmer won the bizarre bidding war for the Clippers at a $2 billion. Sterling paid $12.5 million for the Clippers in 1981.
The U.S. stock market is trading at all-time highs, the U.S. bonds' yields are at eye-popping low and the nation’s professional basketball teams are selling for more than most observers previously thought possible. That the U.S. economy shrank in the first quarter of the year is the disturbing backdrop for this stunning surge in asset prices—call it the basketball bubble.
What makes the price as high, twice the funny, inflated price mentioned in Saturday Night Live? no logical reason out there.
We must consider the start of the {Dance}of accusation, till the big celebration of cashing in.
Just a thought
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