Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: GraceZ who wrote (26379)	12/20/2002 11:14:04 AM
From: Mike M2	Read Replies (1) of 74559

Grace, I think most agree that capitalism derives strength from failures the trouble with credit bubbles is that they support unsound investments ( malinvestments). Without the bubble many malinvestments would have been cut off from the capital sooner. The fibercon and dotcon bubbles are perfect examples of this. IMO It created an environment where companies were brought public not with the intention to create a viable business but rather to cash in on the bubble. mike

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