Runes and Mike, I certainly hope the economy is on the mend. My gut feeling is that it is, but of course many see the other view. Prominent bears include Bill Gates, and Warren Buffet, who a while ago said he thinks the markets will do poorly for about 8 years in fact.
It is hard for me to contain my enthusiasm for technology, so I have to struggle to see why techs and also the overall economy won't rebound. On the positive side, Tom Siebel of Seibel Systems thinks were are heading out (recent Fortune cover article). Also memory prices have been moving up, which is a good sign. Here is an article that was posted on Samsung.
taipeitimes.com
Also, bandwidth is being used up, per this which came out today:
"FCC: Broadband Grew Steadily in First Half 2001
WASHINGTON (Reuters) - U.S. households and small businesses signed up for
high-speed Internet access at a steady clip in the first half of 2001,
according to a U.S. government report released Thursday. The Federal
Communications Commission (FCC) found that 9.6 million customers had signed
up for high-speed, or 'broadband,' Internet access by the end of June 2001,
an increase of 36 percent over Jan. 2001 figures."
What am I missing? We did great in the war, so that threat should hopefully be diminished quite a bit. At some point there has to be pent up demand for tech products. Also, never had 3 years in a row down on the Naz (for whatever that is worth). Also, inflation and interest rates are low, energy prices are low, there is large pile of cash on the sidelines. At this point, I think if everyone decided the recession was over, it would be over. It seems to me to be more about psychology right now than anything else, but perhaps I am missing a few key elements of this whole thing.
John |
