Here Comes Another Bubble
December 5, 2007
Here’s a music video from Youtube that I found entertaining. Just thought I’d share it with you today. And no, I’m not making a direct comment about the state of Web 2.0 business. I just found it a fun video. Enjoy!
Popularity: 15% [?]
If you're a new visitor here, you can subscribe to receive notices whenever a new post is made. Plus receive My Free Report:
"10 Key Strategies for Any Business Owner to Earn
More, Work Less, and Enjoy Life!"
- Jay Abraham Shares His Amazon Secret
- Checklists for Your Business
- Gone Hiking
- 7 Steps for Generating Free Traffic From Stumbleupon
- Thanksgiving and An Attitude of Gratitude
Comments
4 Responses to “Here Comes Another Bubble”
Got something to say?
Featured Video
Internet Lifestyle Retirement System FREE Video
Available Products
One-On-One Coaching
Internet Lifestyle System
Montly Mentor Club
Blogging for Fun and Profit
Email Marketing Mastery
Wow, thanks for sharing that history refresher Terry. I’m going to go create some more real value for my visitors now!
Well, I’ll make a comment. I worked at one of those bubble companies that burned through $300,000,000 in 18 months and then shut it’s doors. Not looking to do that again. These valuations are not tenable and people are getting crazy again. It is another bubble and it’s going to burst drastically if they don’t come back down gracefully soon.
Hi Steven and Frank,
Thanks for your comments. Some people seem to forget history repeats itself. While I don’t want to make any kind of prediction on this, I can say that history always repeats itself in someway or another.
It’s easy to tell a bubble. Unfortunately, many people wouldn’t pass Economics 101, even if they are very intelligent. You can tell THOSE people instantly — just ask them if they can describe the LAWS of economics that woud not ALLOW Napster to exist. You can tell a bubble immediately — there are no TRANSACTIONS taking place. TRANSACTIONS are the KEY. With transactions - viable. No transactions - bubble. Employment index, number of people, amount of money — all meaningless. It’s the amount + size of the TRANSACTIONS that count. That shows how much is REALLY flowing through the TOLL BOOTH. Anything other than actual transactions (money changing hands) is just smoke + mirrors. If there’s a boatload of sellers + no buyers — or neither buyer or sellers — you’ve got a bubble.