Although, according to my non-profit venturing partner and friend Jeremy G. “financial markets will crash on Thursday”
, I believe there is currently NO Web 2.0 and/or real estate hype.
Crashes come when no one expect them; and there is hardly any sign of optimism dropping: real estate prices in the US have lowered by a mere 1% in 2006 in the US, and there is still an ocean of opportunities for would-be Web 2.0 entrepreneurs. Look, for instance, at all e-Commerce companies design: old, rusty, definitely not at the cutting-edge of consumer-focused mania. And I often write about entrepreneurial business ideas so check this blog more often.
The economic bubble burst will just not happen now, because everyone expects a crash, or at least the beginning of a downturn.
What’s good about this debate is that paradoxically, for once in Economics, we’ll have an answer soon and be able to verify…
I certainly don’t hope markets will plummet on Thursday. From time to time, I just wished people did not forget past lessons… But I agree all of this is debatable (as always in Economics!)…
Comment by Jeremy G. — October 25, 2006 @ 06:11
Jeremy G.> Because of your article, I bought some risky put warrants (true).
Comment by Jeremy Fain — October 25, 2006 @ 10:45
If I’m wrong, I’m dead?
Comment by jeremy — October 26, 2006 @ 06:17
No, you’re not Jeremy. I still have my put options and their price is rather stable (up to now).
Comment by Jeremy Fain — October 26, 2006 @ 21:03