How Quick we forget. 24 years ago! But this time it's different.....

Discussion in 'Wall St. News' started by S2007S, Feb 23, 2024.

  1. Its not really that long ago. And it ushered in and exposed how inept the Fed actually is. All those computer and internet stocks would have been incredible bargains after the crash and people would have started buying them for the eventual potential. But NO...the Fed needed to come in and drop the interest rates to zero three short years after the best growth the USA ever experienced. Dropping the interest rates created a Huge real Estate bubble and ended up bankrupting the USA. AND...the Fed has been printing ever since.

    The Dot Com era gave the Fed the justification to take control of the USD and debt creation. It allowed them a reason to fully print and create massive unlimited debt year in and year out.
     
    #31     Feb 26, 2024
  2. Specterx

    Specterx

    Close friend is a senior engineer at a Mag7 company. He says that nobody he knows there is using AI coding assistants.
     
    #32     Feb 26, 2024
  3. tony.m

    tony.m

    Anyone remembers the 3D boom once heralded as the next big thing but failed after just a few years. 3D tvs, games, movies, phones, glasses, printers.
     
    #33     Feb 26, 2024
    RedDuke likes this.
  4. No. A significant number of firms went under.
     
    #34     Feb 27, 2024