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[PEN-L:30696] Re: telecom market madness
The capacity will not remain a glut in a globalized, digital economy. It
will be aquired for next to nothing having been paid for by investors duped
by the Grubman's. It will work out nicely for some factions. The only
question I have is will it have only been a happy accident for those
factions or something else entirely.
> This article is fascinating. Market enthusiasts proclaim that
> markets are magnificant processors of information. This article
> desribes how markets are driven by frenzy more than by
> information.
>
>
> TELECOMMUNICATIONS
>
> Wildly Optimistic Data Drove
> Telecoms to Build Fiber Glut
>
> By YOCHI J. DREAZEN
> Staff Reporter of THE WALL STREET JOURNAL
- Thread context:
- [PEN-L:30642] debunking greenspan redux or, finance as bubble gum and duct tape,
Ian Murray Sat 28 Sep 2002, 01:31 GMT
- [PEN-L:30641] On the US ruling class split,
Sabri Oncu Sat 28 Sep 2002, 01:29 GMT
- [PEN-L:30640] telecom market madness,
Michael Perelman Sat 28 Sep 2002, 01:17 GMT
- [PEN-L:30639] lockout,
Ian Murray Sat 28 Sep 2002, 00:15 GMT
- [PEN-L:30638] Re: Re: Re: Re: Bush Militarism- How many Divisionsare there,
Hari Kumar Sat 28 Sep 2002, 00:04 GMT
- [PEN-L:30637] Fw: No-fly blacklist snares political activists - SF Chronicle September 27, 2002,
Ralph Johansen Fri 27 Sep 2002, 23:11 GMT
- [PEN-L:30635] Presidential images,
Devine, James Fri 27 Sep 2002, 22:44 GMT
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