Clinton recovery, or “Internet BUBBLE?”
What do you think?
+1
Internet ‘gold rush’. Pets.com @ 900? Yeah, right!
Bill Clinton did set the tone, though, with his ‘The Era of Big Government is Over’, state of the union speech.
The Internet Bubble was a symptom of the cause. The so-called Clinton Recovery was nothing more than future demand being brought forward via Credit Expansion. Bush II did the same thing hence the Housing Bubble. The ‘prosperity’ of the last 20+ years has been achieved at the expense of future generation’s work(capital creation) yet to be done. We have essentially spent their capital. And sadly we are not done robbing them yet, hence QE1, QE2. QE3 and so on and so forth.