Silicon Valley lessons--decline of the West?

A couple of things: 1. The dot-com boom was artificial and NON-sustainable. People that were STUPID enough to invest in high flying dotcoms - with no real business plans - got EXACTLY what they deserved. Irrational exhuberance is what Alan Greenspan called it - and its was true. Unless you LIVED in Silicon Valley - there were no real "boom" in jobs (especially here in the #1 unemployment state - Michigan). What is good for California (jobs and income) is not neccessarily good for the country (did those well-off Silicon Valley people buy automobiles from the Big 3?). I don't "pine" for those stupid old days - maybe only Californians do. Jobs that are permanently gone from California don't matter to Michiganders.

2. These people that enjoyed our country and left to set up shop at home - are they happy with their loss of freedom? I wonder what those people are thinking now - I'm wealthy, and the government is repressive.

3. The Chinese currency IS very undervalued. But the government buys US treasury notes, and LOSES money on them - so the US government can continue. If they let their currency float - they would lose even more money on their US treasury notes as the dollar faded into junk-bond land . . .; Posted by: Roger Ramjet Posted on: 04/08/05 You are currently: a Guest | Members login | Terms of Use