Subj : Re: Testing the waters
To : NIGHTFOX
From : Dumas Walker
Date : Sat Dec 10 2022 10:50 am
> The recession was already starting to happen before Obama took office. I
eme
> er hearing about it soon before George W Bush was about to leave office, and
> re was an interview with him where he said "Why did this have to happen on my
> tch?"
It actually started with the dot.com boom/crash before Bush took office, as
well as the housing market crash, the roots of which were taking hold before
Bush took office, although it seemed to be going unnoticed by most.
There was a docu-drama, and docu-series, about the dot.com boom/bust
sometime during the last 4-5 years that notes the link between the dot.com
crash, the housing market crash, and several other recession causing
incidents that it either triggered or made worse.
The moral of the story was not to invest tons of money in companies that do
not actually produce anything. Their stocks were over-inflated by the
excitement, and total lack of misunderstanding, of what the WWW was going
to be.
The people going crazy with crypto lately did not learn anything from it.
* SLMR 2.1a * I can't pretend a stranger is a long-awaited friend...
