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To: Catfish who wrote (9625)9/4/2001 12:56:08 PM
From: James Strauss  Read Replies (2) | Respond to of 13094
 
Gemini:

Sorry to hear about the tough contract environment for you...

Do you think there is a stealth unemployment pool that is greater than the published statistics out of Washington?

Jim



To: Catfish who wrote (9625)9/5/2001 10:15:51 AM
From: tsigprofit  Respond to of 13094
 
Gemini and Sergio - good info on the job market.
Gemini - I agree with you that the market is depressed
for computer consultants. Your situation is not fair,
and I'm sorry that's happening to someone with your
level of skills. I think your analysis of people
waiting for the market to come back, and increase
confidence is right on.

I won't open the Clinton issue here, as it only gets
people inflamed on all sides. I don't blame him at
all for any of this mess. I think we saw a bubble tied
to the Year 2000, and the Internet economy, which has
now burst. Companies were producing network equipment
etc. at 50%+ growth rates. That could not continue without
an ever increasing bubble forming, or real Internet
profits materializing in the dot.coms on a widespread
scale - which didn't happen.
The market overextended, and now has come back. I think
if Bush had been there we'd have seen the same thing.
It was a wild ride, and fun while it lasted.

I think we need to consolidate a while more here, and then
get ready for another boom. I think just as the 90's boom
eclipsed the 80's boom - so the 2002-2009 boom will put
the 90's to shame. We may not see a bubble Nasdaq again,
but I think a real boom will materialize, nonetheless.

Hang on to your hats, as R. Reagan used to say, "You
ain't seen nothing yet!"

Matt