As the financial landscape is being reshaped in one of the largest crisis of confidence ever encountered by the American form of capitalism, I cannot help but wonder whether what we are witnessing is the beginning not just of an economic crash but also of a cultural crash. A few months ago, I started getting the feeling that we are in the process of moving into a post-boomer era, and highlighted some of my thoughts on the subject. This was a surprising change of pace to my readers, who are generally more used to my studying things with technology as my focus lense but it was the beginning of an evolution in my thinking. As the first rumbles of the economic crisis started appearing a couple of years ago (HSBC, my employer at the time, was one of the first companies to aggressively write off bad loans), I started wondering whether the crisis in the mortgage space was only the beginning and thinking that the credit card crisis was probably going to dwarf the mortgage crisis if it ever happened. At the time, however, I had been so focused on looking at the world with a technology focus that I…
BusinessAccounting scandals, analyst, AOL, Boo.com, Business, Business ethics, Business Week, campaign manager, CNN, Commodore, Corporate crime, Dean, Dot-com, Dot-com bubble, Dot-com company, Economic history, energy trader, Enron, Fortune, Governor, Internet Archive, Internet bubble, Internet buzz, Internet crowd, Internet vs. media As, mainstream media, MCI Inc., Microsoft, MSNBC, Newsweek, Person Communication and Meetings, same analyst, the New York Times, the Wall Street Journal, Time, Time Magazine, United States, unknown governor, USA Today, Wall Street Journal, Windows 95, WorldcomTristan Louis
Tough question on what makes a bubble.