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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (49121)	7/12/2001 4:32:36 PM
From: Ian@SI	Respond to of 70976

Whoa Jacob, Surely things aren't quite that bad. At least, not yet. It's clear to most now that the Inut bubble should never have happened. That the institutions brought out IPOs while the underlying were still at a very early venture capital stage. ... because they could, not because they should have done so. That general euphoria caused capital to be allocated foolishly by a lot of very smart people as well as a lot of not so smart people. And it rightly got destroyed. All the same we still have a robust economy by any standard whether one looks at North America, the developed world or the entire global economy; and one which is still growing. ... but not at the insane pace of the late 90s. Bursting that bubble was healthy; and we still have a solid base from which the economy will continue to grow. IMO, Ian. +++++++= re: re: "Their model worked very well for the first couple years or so".....and then...."any semblance of control vanished".....and then....."near-disaster": ... That progression, and that model, describes what happened to LTCM...and what happened to a lot of tech companies in 1995-2001......and what is happening to the NAS.......and the global economy.