Bush in with a bust and out with a meltdown

Quote from Jayford:

I'm not a Bush fan, but at least get your facts straight. Dot.com bust happened under Clinton, which is a non issue anyway because it was a mega bubble waiting to happen. I hate when people blame Presidents for things totally out of their control. The meltdown isn't the fault of the President either. Its the fault of easy money creating a ridiculous bubble. That was the Fed's doing. They would have done it under any President because it worked for so long without inflation being a problem. The Prez does not tell the FED how to manage the economy. The FED is also non partisan. It was set up that way on purpose.

Dot.com bust started March of 2000. Bush wasn't even sworn in until the following January.
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The "dot-com bubble" (or sometimes the "I.T. bubble") was a speculative bubble covering roughly 1995–2001
http://en.wikipedia.org/wiki/Dotcom_bust

I started using the Internet in 1990 and founded 5 companies in the period 1996-1999.
:D

I sold all except one in late 1999.
 
Actually, the dot com bubble began to burst during late 1999 then tanked in 2000. Just do a 10 year chart on some the known bubble stocks. Example, YHOO, CMGI, PALM, COMS, INTC, JDSU, MSFT, lots more....:(
 
nickdes,
I agree - I saw the signs roughly 1.5 - 2 months after I bailed out late 1999. I sold because I had been working an average monthly 400 billed hours in 1998 - and I wasn't liking it. I worked 600 hours in may 2008 though - gotta stay away from being a workaholic.
 
Quote from Gringinho:

The "dot-com bubble" (or sometimes the "I.T. bubble") was a speculative bubble covering roughly 1995–2001
http://en.wikipedia.org/wiki/Dotcom_bust

I founded 5 companies in the period 1996-1999.
:D

I sold all except one in late 1999.
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Look at a chart of NQ. Says it all. BTW, I was a full time trader then. It was March 2000.

You do know that ANYONE can make those Wiki posts don't you?
 
Quote from Jayford:

I'm not a Bush fan, but at least get your facts straight. Dot.com bust happened under Clinton, which is a non issue anyway because it was a mega bubble waiting to happen. I hate when people blame Presidents for things totally out of their control. The meltdown isn't the fault of the President either. Its the fault of easy money creating a ridiculous bubble. That was the Fed's doing. They would have done it under any President because it worked for so long without inflation being a problem. The Prez does not tell the FED how to manage the economy. The FED is also non partisan. It was set up that way on purpose.

Dot.com bust started March of 2000. Bush wasn't even sworn in until the following January.
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Even after inheriting a huge budget deficit from Bush Sr., Clinton managed to balance the book. That's a fact!

Even after inheriting a balanced budget from Clinton, Bush Jr. managed to squander it away on useless things like regime change, which he swore that he would never do as part of his campaign pledge. That's a fact!
 
Quote from saliva:

Even after inheriting huge budget deficit from Bush Sr., Clinton managed to balanced the book. That's a fact!

Even after inheriting a balanced budget from Clinton, Bush Jr. managed to squander it away on useless things like regime change, which he swore that he would never do as part of his campaign pledge. That's a fact!
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Combine Greenspan super-sizing consumption, the Internet emergence and the Cold War demise peace dividend and you got the "formula".

http://en.wikipedia.org/wiki/Dotcom_bubble
http://en.wikipedia.org/wiki/Peace_dividend



But it IS VERY TRUE that the fanatical elitist Neocons supported by the elitist old-money, through the aggressive intervention royally fucked up the world economy flowing through the US. The world reacted negatively to the interference by the US - and this is now culminating with a US meltdown - because the system was not longer being sustainable.
http://en.wikipedia.org/wiki/Sustainable_development


If you undermine trust and integrity - you got no relationships - social or business. The last presidency broke the trust.
Don't mind the corruption in the debt schemes - that could still have been growing.
Corruption IS the system in social and economic Darwinism, with a cannibalistic hierarchical pyramid scheme - aka "rat race".
 
Quote from Gringinho:

Bingo!

And that is why a guy like Ron Paul sounds like a superstar genius compared to the rest of the stooges.

As controversial as Charles Murray's theories are - he fails when using Occam's razor and tries to predict, or rather influence by saying what we should do - get rid of welfare and social initiative; but he makes a valid point about the actual situation - describing the emerging system of intellectuals and their importance right now.

This is exacerbated by the egalitarian nature of the Internet. Don't underestimate this.
It is demolishing the old elitist economic and social control. News media, music industry - heck even porn production - is Jack, Joe and Jill now. And soon we will see emerging "merit based" systems - because going to an Ivy league institution will not matter so much in the future and with E-learning - you will have "computational trust" woven into interactions and social, business interactions on the Internet.
http://en.wikipedia.org/wiki/Computational_trust
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that "computational trust" concept was so timely. I appreciate the link - I think you just gave me the reason to pursue the next step in my business model. I have a few websites that are doing well in CA and now I going to roll the model out nationally.
 
Quote from jem:

that "computational trust" concept was incredibly timely. I appreciate the link - I think you just gave me the reason to pursue the next step in my business model. I have a few websites that are doing well in CA and now I going to roll the model out nationally.
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If you want to know more - you can PM me. I know a LOT about trust modelling and everything Internet-biz related. I used to do a lot of business analysis together with financial analysts and investor firms. I guess you already know of www.techcrunch.com ?
 
True. Don't get me started on stats.

Its a silly argument even if it was under Bush. He is handed a mega bubble based on stocks which for the most part weren't even making money. This bust was going to happen no matter what.

This current melt down was inevitable also. Rates way too low, way too long, combined with easy credit. I have been calling for it for about a year (yes I have posted here about it, you can look em up if you have time to waste).

Point is, neither bust has been the fault of the Prez. Credit risk has always been something determined by banks themselves, not legislated. Interest rates are 100% up to the FED, with no interference from the Prez or Congress.
 
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