Hello Paul, I agree with you 100%, if I understood you 100%.
I just got back from a long lunch and a couple of hours on the beach with wife and sister-in-law. The apartment’s balcony doors were left open, and so the tropical air is permeating throughout, and, together with the teak woodwork, tropo-decorations, and the salt on my skin, I feel I am on vacation again. The best I can do under the recession circumstances, as I did yesterday:
Message 17801766
In order to efficiently check to see if my understanding of your post is correct, let me sum up what I think I read from your post:
(a) The bubbles that leave useable infrastructure are worth it;
(b) America is better at creating worthwhile bubbles that destroy creatively;
(c) We are just getting started on the ride that creatively destroys.
A senator asked the Maestro Greenspud whether the bubble, if it was a bubble, was worth it, the answer was also yes.
History is paved with a series of events over which the majority of folks have little understanding or choice. War is an example. They are destructive, few vote on the initiation of conflict, a lot of bad stuff happen, and yet history makes progress because of them. Afterwards, if asked whether the war was worth it, the answer would be, ‘yup, given that some of us are alive to enjoy what resulted’.
Perhaps war is an extreme example. Maybe the Spanish Inquisition better suit our discussion purpose. Or perhaps … oh, you got the picture.
So, back to topic, was the 1995 Bubble worth it? So far, to me, the answer is yes, definitely, and I am ready to do it again, any time, and next time I will get in earlier, leverage up, and get out sooner:0)
Who here does not want to feel like so again:
Message 12355669
Message 12853201
For the majority of threaders on BBR, the answer would also be yes, and so I agree with your contention (a), (b), and (c). We are even looking forward to quickly bury the dead, abandon the wounded, sacrifice the village idiot, and get on to the next abracadabra.
Message 16212324
August 15th, 2001
“Now, should the cataclysm be unobstructed, a new dawn may arrive sooner. We must lead the village idiots to the volcanic abyss of Inflation or the black hole of Deflation, to be sacrificed to the gods of work, thrift, family and savings. I am being optimistic and am of course assuming that all the market noise and propaganda smoke is not in fact camouflaging an inflection point connecting Silicon Glory to an as yet unknown “next abracadabra”, as the Rust Belt was once transformed into Silicon Glory but accompanied by much dying anguish and birthing pain.”
Is it worth it for the majority beyond the surviving SI threaders? Well, less and less so, with each downward tick of the indices and disappearance of proforma wealth. They would even probably also agree with your (a), (b), and (c), for now, especially if they get another opportunity to do it right before their hoped for retirement in 12.5 years.
On (b), it is of trivial importance who is better at creating creatively destructive bubbles. It is of Darwanian importance who is better at escaping the more unpleasant of the after-foam.
On (c), my wager is the ride will require <<seat belts>>.
Chugs, Jay |
