Are Tech Giants’ New Buildings Signs of the Top? – OfTwoMinds.Com 07-20-15

Salient to Investors:

Charles Hugh Smith writes:

  • Building new gleaming headquarters generally marks the top of a bank’s fortunes. So Facebook’s glamorous new headquarters, Apple’s under construction “spaceship” campus, Google’s plans for an ultra-modernist headquarters may indicate excessive confidence in endless growth of revenues, profits and valuations.
  • Projections based on permanently parabolic growth have a long history of coming down to Earth.

Read the full article at http://charleshughsmith.blogspot.com/2015/07/are-tech-giants-new-buildings-signs-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+google%2FRzFQ+%28oftwominds%29

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