> Miyamoto: Game developers are starting to have a lot of pretensions with 3D. It used to be, in the past, people would ask me “Making games is a lot like making movies, isn’t it?” And I’d always respond, “Yeah, it kind of is. It’s a similar process.” Then they’d ask, “So, do you want to make movies then?” And I’d always reply in the negative, that no, we don’t want to make movies—because we’re making games. But lately, everyone making games seems to aspire to be some kind of movie director! Part of me is like, what the hell, do you all have some inferiority complex with movies?!
> Miyamoto: Game developers are starting to have a lot of pretensions with 3D. It used to be, in the past, people would ask me “Making games is a lot like making movies, isn’t it?” And I’d always respond, “Yeah, it kind of is. It’s a similar process.” Then they’d ask, “So, do you want to make movies then?” And I’d always reply in the negative, that no, we don’t want to make movies—because we’re making games. But lately, everyone making games seems to aspire to be some kind of movie director! Part of me is like, what the hell, do you all have some inferiority complex with movies?!
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Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
