10 years ago

....we were in the midst of an Internet boom. Anybody with a computer and a business plan had a dot com  that had either gone public or was about to go public. There were paper millionaires galore. The stock market was booming. I had friends who punched in the wrong stock symbols, bought the stock of a company that they had never heard of and still made money. Life was good!

 Then the boom turned into a bust. What was unsustainable had to come crashing.  Sanity prevailed or so we thought.  But we hadn't accounted for how versatile greed can be.

 The Internet boom was replaced by the housing boom. And ten years later, we find ourselves in a deeper pit.

  Have we learnt a lesson? Perhaps this generation has, but history suggests we never will. So ten years from now, how many more boom and bust cycles will we have cycled through? 

   My guess is as good as yours