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Old September 12, 2002, 10:26 AM
Dien Rice
 
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Default Is the "New Economy" coming back?

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....