[oceanview]

sure, pets.com contributed to that economic miracle, was that real? so we have a market bubble now, but the Nasdaq at 5200 was "fairly valued" at the time? dude, get a grip. we may well have plenty of economic problems now, but what happened in the late 90s was pure fantasyland.

[risk]

I agree. We have to earn our money the old fashioned way.

[Pitchfork]

Well, I'm not going to argue with the "whatever the dems do is wrong regardless of the facts crowd" but look at the GNP growth and productivity gains of the 90s' look at your PC, the internet, under the hood of your car, at your cell phone etc . There were excesses in the 90's sure (Enron and Worldcom for example) but in many fundamental ways the US economy was tranformed for the information age. Microsoft isn't a fiction or some democrat generated myth. But believe what you want and I won't bug you with facts anymore.

[1066AD]

but what happened in the late 90s was pure fantasyland.
Yup, fueled by Greenspan in love with the "Y2K disaster" doomsayers.

[Stultis]

but what happened in the late 90s was pure fantasyland

Some of it was that, but some of it was real, material infrastructure, i.e. billions and billions of dollars worth of optical and other high bandwith telecom networks. Problem is they were massively overbuilt. Much of the capacity was never used at all, and much was obsolete before it ever started paying for itself.

But whether overvalued internet business plans, or overvalued telecom networks, it was a classic bubble. But you'll never convince some people of that (particularly the younger crowd that never saw one before).