Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (10581)	2/20/2002 2:52:38 AM
From: techanalyst1	Read Replies (1) \| Respond to of 57684

Yeah, I've said we need telecom too because it's such a trickle down effect. But I've also said we need tech overall for the general economy to be healthy for the same reason. So if we don't get telecom and therefore don't get the rest of the tech sector, then it follows that the general economy can't recover either. So where does that leave us? We better get the telcos in better shape and how can that be done on it's own? I don't think it can. Debt is getting worse in many telcos not better (due to the downgrading of debt and therefore higher interest paid to service it). Greenspan can't fix interest rates if the banks are tightening and obviously some banks were too loose and have their own headaches to worry about. Congress doesn't want to do anything. I guess only time will heal and many companies will die off with the strong (who were smart enough to hoard cash when they had it) will live to eat up the weaklings. In the end, we should be much better off, but it sure looks like it's a bitter pill to swallow. TA