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Non-Tech : Kirk's Market Thoughts
COHR 199.23+0.8%1:28 PM EST
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To: Robohogs who wrote (4606)1/5/2017 9:52:47 AM
From: Kirk ©3 Recommendations

Recommended By
Investor Clouseau
Robohogs
the traveler

   of 26760
 
Thanks Jon for the great post!

I can't fault any of it.

I'd add that the market melt-up under WJC started in 1996 after the GOP took the house and it became clear FLOTUS Clinton's health care and tax plan would not get implemented.

Both parties get the blame for the financial bubble and collapse. W or Bush 2 liked to be popular and have happy citizens so he went along with plans to give them all homes they could not afford using financial engineering where the big banks raked in huge fees but thought they could distance themselves from the eventual collapse by having workers inside their banks not work directly for them. WJC set it all up by removing the requirement that banks can't gamble with FDIC monies...

I remember well several recessions under Clinton (WJC) but I don't remember what happened to get us back on a growth track, but I think a lot of it was moving jobs out of the US to lower costs. I remember fighting it at HP/Avago/Broadcom as a product line I helped invent with a handful of others was basically "sold" to Singapore in exchange for a tax holiday greater than the expected revenue from this product line. I had to train engineers from Singapore rather than top US colleges to do R&D and didn't like it... hence work to a new career doing something rewarding and helpful to others, even if not for as much money.

Lets not forget that the tech bubble under Clinton probably came about for two reasons... We broke up AT&T in the 1980s and there was a ton of spending as the Baby Bells built out their networks. Also, Reagan won the Cold War with the former USSR by outspending them into bankruptcy and keeping peace in the Middle East to keep oil prices low. Many Cold War technologies such as wireless phones, GPS and high speed internet started the path to commercialization in the late 1980s.... heck, I was hired as a summer intern in 1978 to work on "Optocouplers" which were fiber optic links without fiber.... to allow communication between computers over distance of feet to hundreds of meters via wire. I started working on the new fiber optics technology in 1984 where our main competitor was AT&T.
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