Beyond A Real Estate Bubble, The Next Bubble is Energy
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I worked in the technology industry as a software developer when the dot-com bust happened. My company survived because it was already in business long before the dot com trend, and it didn't require venture capital. That company also was able to generate a profit unlike the dot coms. The company survived and so did I.
The dot com bust resembles the sub prime tsunami because it represents the house of cards within the real estate industry. For the borrowers who understood what they were getting into, I suspect that many lenders sweet talked them into over extending themselves. Remeber the promise you made yourself? I'll get into this house now, and I'll refinance later when I start to see rates go up. (I know that adjustable rate lending can be risky, but I promise myself to fix that later).
How about the growing trend and rush to control global warming? After the oil industry and the energy companies dump tons of time and money into things that don't pan out (read ethanol). Won't the energy industries then also provide investment opportunities and technologies that represent a house of cards?
I worked in the technology industry as a software developer when the dot-com bust happened. My company survived because it was already in business long before the dot com trend, and it didn't require venture capital. That company also was able to generate a profit unlike the dot coms. The company survived and so did I.
The dot com bust resembles the sub prime tsunami because it represents the house of cards within the real estate industry. For the borrowers who understood what they were getting into, I suspect that many lenders sweet talked them into over extending themselves. Remeber the promise you made yourself? I'll get into this house now, and I'll refinance later when I start to see rates go up. (I know that adjustable rate lending can be risky, but I promise myself to fix that later).
How about the growing trend and rush to control global warming? After the oil industry and the energy companies dump tons of time and money into things that don't pan out (read ethanol). Won't the energy industries then also provide investment opportunities and technologies that represent a house of cards?
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