Forum

 
  Back to OzPolitic.com   Welcome, Guest. Please Login or Register
  Forum Home Album HelpSearch Recent Rules LoginRegister  
 

Page Index Toggle Pages: 1
Send Topic Print
Remember the dotcom bubble? (Read 1029 times)
bogarde73
Gold Member
*****
Offline


Anti-Global & Contra Mundum

Posts: 18443
Gender: male
Remember the dotcom bubble?
Mar 20th, 2017 at 9:30am
 
This article points to some indicators suggesting another one is about to burst.

http://www.zerohedge.com/news/2017-03-18/signs-silicon-valley-tech-bubble-about-...

"So, how does this moment compare with the time leading up to the dotcom crash?  Here is the take of one Silicon Valley software recruiter:

“I got here in 97 and it was like it is now – incredibly packed, impossible to commute, high apartment costs,” Dinan said.

"We’re seeing overvalued companies, funded based on hopes and dreams and aspirations and not good business models. Companies counting users and eyeballs rather than profits. There are a lot of similarities.”

Another echo of the dotcom era is what Dinan calls “bad habits” such as the allegations of sexual harassment at Uber and human resources startup Zenefits cheating on mandatory compliance training.

“There was a lot of crazy behaviour in the late 1990s, including sexual harassment. It’s a result of there not being discipline,” Dinan said.

“The [dotcom crash] happened very suddenly and without any warning,” Damodaran said. “When it does happen everyone says they saw it coming. If you saw it coming then why didn’t you get out of it?”

Well, when all else fails there's always the 'negging' option to drive valuation..."
Back to top
 

Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.
 
IP Logged
 
The_Barnacle
Gold Member
*****
Offline


Australian Politics

Posts: 6205
Melbourne
Gender: male
Re: Remember the dotcom bubble?
Reply #1 - Mar 22nd, 2017 at 11:10am
 
Zero Hedge is a batshit insane Austrian school finance blog run by two pseudonymous founders who post articles under the name "Tyler Durden," after the character from Fight Club. It's essentially apocalypse porn. It has accurately predicted 200 of the last 2 recessions.

http://rationalwiki.org/wiki/Zero_Hedge

Grin Grin Grin Grin
Back to top
 

The Right Wing only believe in free speech when they agree with what is being said.
 
IP Logged
 
bogarde73
Gold Member
*****
Offline


Anti-Global & Contra Mundum

Posts: 18443
Gender: male
Re: Remember the dotcom bubble?
Reply #2 - Mar 22nd, 2017 at 4:25pm
 
So what have you got against Austrian economists?
Schumpeter for example was a great theorist and visionary.
I'm willing to look at data put up by anybody whereas, despite your protest about freedom of speech in your postscript, you give a very good impression of a closed mind.
Back to top
 

Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.
 
IP Logged
 
The_Barnacle
Gold Member
*****
Offline


Australian Politics

Posts: 6205
Melbourne
Gender: male
Re: Remember the dotcom bubble?
Reply #3 - Mar 23rd, 2017 at 10:06am
 
I don't have anything against Austrian economists.
I did however find it amusing that zero hedge have accurately predicted "200 of the last 2 recessions". It sums them up and reminds me of perceptions now and a few other posters I have come across in the past.
Back to top
 

The Right Wing only believe in free speech when they agree with what is being said.
 
IP Logged
 
Page Index Toggle Pages: 1
Send Topic Print