[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.

[ColdWater]

I forgot to add that the infusion of megabucks over the 2k worries helped fuel the bubble.

[Pride_of_the_Bluegrass]

Yes, but if you look at a site like facebook. It has 300 million accounts and it can’t make money on it’s customers. They are burning faster than they can reap cash. The fp board probably breaks even or not much better on it’s investment. It’s not that you can measure value in dollars, it’s just that the bank wants dollars back in return.

[attiladhun2]

The net is wonderful, but its not employing legions of people like the factories we used to have that produced real goods for internal consumption and export.