You thought we left all that "new economy" hoopla behind....
Well, "
Wired" magazine is arguing that the "new economy" is coming back.... The "recession" we're in is a shallow one, and we're back on the way to prosperity.
Is this for real, or just wishful thinking?
I personally do believe it - I think the economy would have probably come back by earlier this year if it hadn't been set back by 9/11.... But I think things are coming back on track. I fully expect we have a few more years of growth ahead of us....
I don't expect we'll see the
ridiculously high valuations which we saw before - people will be a bit more sensible. But I do think there will be growth....
As you may know, I tend to follow the views of Harry S. Dent on this, though the
Wired article is interesting too.... Read it below.
- Dien Rice
Wired Magazine - on the New Economy's predicted return....