I've been discussing the state of the global economies with my friend and business partner Rob. I think we have consensus about the rest of this year: frightening.
Belief is 3d and 4th quarters will show real panic in telco and media sectors. The Bigs are freaking out as their business models dissolve before their very eyes on the one hand, while the other is busy keeping corporate secrets out of harm's way.
Silly Bigs, don't you know there are no secets? Only information we don't yet have!?
After Enron and Anderson we now see the other shoe about to drop: Tyco Update: the other shoe dropped monday.
And there's more, as investors already nervous about questions surrounding energy trading companies' accounting practices, dumped shares of El Paso Corp. after learning the company's treasurer had been found with a gunshot wound to his head in an apparent suicide at his Houston townhome.
John's essay provides some answers and good theory on the 'new economy'
9:25:01 AM
|