Comments on: Thank goodness for the dot com bubble

By: Prakash Thapa

Prakash Thapa — Sat, 18 Oct 2008 01:38:23 +0000

Yes of course dot-com bubble was one of the most important and un-forgettable history.
Some info regarding the crash or bubble is available here
http://www.myblog.com.np/internet/what-was-the-dot-com-bubble-or-dot-com-crash/

By: My Daily Dollars

My Daily Dollars — Sun, 12 Oct 2008 14:32:26 +0000

Nice comparison. . . here’s hoping that there will be some positives out of all this upheaval.

By: Thanks For Reading With Your Mouth Shut | Catherine Lawson

Thanks For Reading With Your Mouth Shut | Catherine Lawson — Sun, 12 Oct 2008 02:43:06 +0000

[...] The Bag Lady has written an interesting article, on why she believes the Silicon Valley is a better place since the dot com bubble bursts. And she explains why this recession may also have a positive impact on the housing market and the banking industry in: Thank Goodness For The Dot Com Bubble. [...]

By: fedwatcher

fedwatcher — Sat, 11 Oct 2008 08:50:21 +0000

First, renters are angery because they thought house prices were too high, which they were, and second, that they were being asked ,via their taxes, to bail out those who have sub-prime loans and thought that house prices were not too high.

Thus, savers (angary renters) are being compelled to bail out debtors (angary mortgate holders and their bankers).

The bottom line is simple. Once again, the inocent are punished and the guilty are resqued.

“We have the finest government money can buy.”

By: Mrs. Micah

Mrs. Micah — Fri, 10 Oct 2008 21:51:48 +0000

In a similar way, I wonder if this current crisis (plus the dot com bubble) will have a positive effect on my generation. Perhaps we’ll be a bit more tempered and actually allocate our assets properly, be wary around bubbles, etc.

Of course, if things get too bad we may become crotchety old people with all our money in a sock under our mattress. Not the worst thing, but much more vulnerable.