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To: Bill F. who wrote (166596)8/23/2001 10:09:49 PM
From: TigerPaw  Read Replies (2) | Respond to of 176387
 
the bubble the bursting of it would happen eventually no matter what
I think the possibility of an information revolution was real. A wholesale broadband interconnection of companies, customers, and related entities is going to happen. It could have happened in our time had not the underpinnings of the idea been kicked out by those waiting to profit from oil, energy, transportation and the rest of the old economy.

It will happen, but now the question is whether it will happen in our lifetime.
TP



To: Bill F. who wrote (166596)8/24/2001 8:30:29 AM
From: GVTucker  Respond to of 176387
 
Bill, RE: the bubble and the cause

The bubble and the aftermath were primarily caused by giant capital spending imbalances. Interest rates had little if anything to do with it.

I'm not the only one with this theory. I pretty good paper on the capital imbalance concept is here:

levy.org


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