Does anyone still remember what later came to rescue us from the 2001 recession in the face of the Internet bubble burst? Apparently, we all do it was the red hot housing market, the innovative mortgages, and everything else that this bandwagon was able to carry around. Well, all those later turned out to be nothing more than just another bubble following their fanatical growth. Now after all the buzzing noise, our hearing has yet to suffer from its last popping sound, and then, in all the quietness, the bandwagon shuts down. But as we all have seen many times before, at the end of the day, a new kind of economic engine will be gassed up again, probably courtesy of some sort of hybrid effect, as a new wave of hot air fills up just the next bubble.
Assuming our memory serves us all that well, we didn't forget that rounds of Internet start-up millionaires had been created by the time the Internet bubble burst, in a way that they crushed the economy, not by it. This time, we certainly had winners too--those who sold big on properties and credits before the bubble was blown too thin and finally popped. And these big sellers can now turn around to represent the resilience of the troubling economy that has bad implications for only the rest of us.
To win the current and upcoming economic battles, get propelled by the hot air from "global warming," or maybe from "global growing." It's time to make another bet, but always be ready to jump off this will-be-overinflated, gigantic, "wheel of the globe" before the air will certainly start leaking out from it again.
