Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (7646)	8/23/2001 4:31:53 PM
From: Wyätt Gwyön	Read Replies (1) of 74559

hi Maurice Winn, Companies seeking cancer cures don't make profits for a decade. Internet companies need to develop - they are all new and there is always a lot of investment needed for new ideas and before profits are achieved i agree that investment is needed to fuel new developments. unfortunately, because of the orgiastic spending of the last few years, we have the Gresham's Law phenomenon (where bad money drives out the good), so i expect we will have a contraction of capital availability to valid venture-level business plans (actually this was predicted in the book "The Coming Internet Depression", which was actually a fun read in spite of its sensationalistic title). this is bad for the economy and the world as a whole.

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