money.cnn.com— For several reasons - especially growing demand in developing countries - tech's run will probably last many years.
Oct 26, 2006View in Crawl 4
I don't know if it will last for several years or not, but I do know that the fundamentals for the US dollar are awful - it probably won't survive as a currency over the next 10 years. By any standard of accounting the government(s) is bankrupt, they make Enron's books look like the promised land. And don't let them use the war on terror as an excuse. It sure didn't help, but the 1 trillion est cost doesn't even touch the 50 trillion in unfunded liabilities we have already. I also know that many in IT and big-business have a certain vision of the future. That vision is that the US makes "intellectual property" here and we get an endless stream of revenue by licensing it overseas. BZZT WRONG! The future of the information age is not content control but information services. That implies things like p2p, Linux and open source, and the free flow of information. People who believe otherwise are going to be in for a very very rude surprise as the rest of the world gives a big fat FU.
There is still many many programs waiting to be written.The efficiency of all administrative tasks of the world are still laughable.The current generation of systems barely scratches the surface of the possibilities.Big projects in the works.
You're on the money, here, Argoff. The US dollar is officially dead. This will take some time to become evident to some people (especially those who think that 'stupider' is a word), but that doesn't dilute its validity. A full-on depression is waiting in the wings. Another "terrorist attack" could help manage the psychology around it, but it will only hasten the final effect.This tech boom has legs? Maybe -- if that means it will last for a few weeks more.
Closed AccountOct 27, 2006
where is z00k we all miss him
argoffOct 27, 2006
I don't know if it will last for several years or not, but I do know that the fundamentals for the US dollar are awful - it probably won't survive as a currency over the next 10 years. By any standard of accounting the government(s) is bankrupt, they make Enron's books look like the promised land. And don't let them use the war on terror as an excuse. It sure didn't help, but the 1 trillion est cost doesn't even touch the 50 trillion in unfunded liabilities we have already. I also know that many in IT and big-business have a certain vision of the future. That vision is that the US makes "intellectual property" here and we get an endless stream of revenue by licensing it overseas. BZZT WRONG! The future of the information age is not content control but information services. That implies things like p2p, Linux and open source, and the free flow of information. People who believe otherwise are going to be in for a very very rude surprise as the rest of the world gives a big fat FU.
lasselOct 27, 2006
There is still many many programs waiting to be written.The efficiency of all administrative tasks of the world are still laughable.The current generation of systems barely scratches the surface of the possibilities.Big projects in the works.
swensntOct 27, 2006
It's a whole new economic model!We've reached a permanently high new plateau. etc.
Closed AccountOct 27, 2006
The two reasons given applied the last time we were in a tech boom.
bazudenOct 27, 2006
I agree. Microsoft must be gutted that people are making money off open source, too
david927Oct 27, 2006
You're on the money, here, Argoff. The US dollar is officially dead. This will take some time to become evident to some people (especially those who think that 'stupider' is a word), but that doesn't dilute its validity. A full-on depression is waiting in the wings. Another "terrorist attack" could help manage the psychology around it, but it will only hasten the final effect.This tech boom has legs? Maybe -- if that means it will last for a few weeks more.