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Non-Tech : The Brazil Board

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To: John Vosilla who wrote (1612)	7/21/2016 2:38:27 AM
From: elmatador	Read Replies (1) of 2504

John it returned to the historical level. Commodities continue to be produced and consumed sans China exuberance. Let me compare with the dotcom effects on telecoms that is the sector I operate on. It used to grow at 5% a year. Once tech bubble hit, it went to 7.5% then to 10% and it reached at its peak 12%. This was not sustainable and "crashed". "Crashed" back to its historical level of 5%. That 5% over and above the historical level, was not destroyed. It was fiber optic that was left dark, aka fiber glut. Tech hotels, where facilities were colocated and mothballed or sold cheaper. Money was lost of course, but slowly and steadily, the excesses were digested and used to provide for cheaper services. Note that all served as a basis for the evolution of telecoms: as lots and lots of patents were produced, lots of blue prints ready that resulted from R&D expending. As a result we could in the next 14 years between 2001 -when the bubble burst- to 2015 build a lots of networks on the cheap which could not have been built had the bubble not existed. Today Africans, Caribbeans and South East Asians benefit from these networks.

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