[attiladhun2]

Yes, but the economic recovery after the dotcom bubble was propelled by the rise in real estate and second mortgages. It was not based on the production of real value. I don't even think the dotcommers were really producing value, since computer programs are composed of information that can be easily pirated anywhere; unlike autos, machinery, bottles of liquor, refrigerators, etc.

[Pride_of_the_Bluegrass]

well they weren’t exactly propelled by the rise in real estate per se. They were propelled by the drop in interest rates and lending practices that fed the real estate market and made the building costs of commercial real estate so cheap that even churches were building strip malls to add value to their portfolios.

[Pride_of_the_Bluegrass]

well they weren’t exactly propelled by the rise in real estate per se. They were propelled by the drop in interest rates and lending practices that fed the real estate market and made the building costs of commercial real estate so cheap that even churches were building strip malls to add value to their portfolios.

[ColdWater]

Yes, but the economic recovery after the dotcom bubble was propelled by the rise in real estate and second mortgages. It was not based on the production of real value. I don't even think the dotcommers were really producing value, since computer programs are composed of information that can be easily pirated anywhere; unlike autos, machinery, bottles of liquor, refrigerators, etc.

The inovation was the internet. The dot.com boom was based on the internet and companies that supplied related goods and supplies. Lots of hype and speculation but if you don't believe the dot.com'ers produced anything of value, please unplug your computer from the internet.