SI
SI
discoversearch

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.
Pastimes : THE SLIGHTLY MODERATED BOXING RING -- Ignore unavailable to you. Want to Upgrade?


To: Dayuhan who wrote (18167)7/24/2002 11:02:46 AM
From: TigerPaw  Respond to of 21057
 
many people who got rich purely by playing the bubble

The economic activity of the 1990's was not all bubble. There was some new and growing technological changes which were transforming the American way of life. We are suffering now not only from a bubble deflation, but because the promotion of new technology has been suspended in the wake of Junior's insistence on tax cuts coupled with increased spending on non productive items (like faith based missle defense). The market is going back into maintenance mode instead of growth mode.
TP



To: Dayuhan who wrote (18167)7/26/2002 2:06:42 AM
From: Lazarus_Long  Read Replies (1) | Respond to of 21057
 
the cynic in me is inclined to guess that most were Democrats before they got rich and Republicans after.
The rationalist in me says that the attitudes that make you Republican are the same ones that are likely to make you rich. And the attitudes that make you a Democrat are the same ones that make you not rich.

These, I think, are more likely to have been Republicans, only because it takes money to make money on the markets, and Republicans generally have more of it than Democrats do.
How about this: if you took all the money in the US (or the earth) and divided it equally among everyone, then left and came back 2 or 3 years later, you have billionaires, millionaires, and paupers. And a lot of them would be the same people as now.