<<great financial calamity of 2001>> is a short hand. Like saying 1473 was the end of the Middle Ages. It didn't stopped dead on the tracks in 1473 when the Turks took Constantinopla. It is just a divider.
When we speak about the <<great financial calamity of 2001>> -at least myself- we are speaking about the downhill since March 2000, interspersed with 911, the adventure in Iraq, SARS...
Today, for practical purposes I -single handedly- in BBR, am talking already that we are at the bottom. From here onwards there are only two ways: Sideways or upwards...
<<great financial calamity of 2001>> notwithstanding, people didn't stop having babies, getting married, having fun, in short, life went on.
Obvioulsy, as a sub-product of the <<great financial calamity of 2001 >> there have been chnages in the world's economic landscape: ENRON, WCOM, write offs, slap of wrists and people with eggs splattered all over their faces. Case in point those who thought 3G would take over the world and are now writing off spectrum licenses. |
