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Originally Posted by Gnnr
Oh really? Where'd you get that from? Wikipedia? Because I've actually read studies and seen documentaries on it. The craze really began in 98 and what was happening before was the humble beginnings of it...prove me wrong though, I always like to learn more.
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Actually you are right. The internet bubble didn't start in 1995, the increase in tech stock did. The bubble was a result of the success of internet based corporations which started in the mid-90's.
With that said, imotion is spot on, on everything else.
According to some economists, this "bailout" program has a tally of close to 8 trillion dollars!
8 trillions dollar we don't have, I might add.
The banking crisis of last year allegedly wiped out two trillion dollars worth of capital. That's just under 15% of the the U.S.'s 2007 GDP.
So not only did our economy shrink a huge percentage but our government is now spending enormous sums of money on top of that.
Imagine if every single person in the US quit working, buying, trading, etc. for an entire year. That's how much money we're in debt.
We're so fucked it's not even funny.