01-21-2004, 03:40 AM
I was in the cutting edge of the technology boom that led the economic run and downfall. It was like someone turned off a switch in March of 2000.
Technology spending is incredibly cyclical and as companies become weary of their revenues, they shut it off.
It just stopped. This was before the election. Well before. The stock market tumbled, hires, other capital expenditures just dried up.
You are fooling yourself or just plain ignorant to think otherwise. Look at revenues for companies in 99, 00, 01, and 02 to see just how quickly things got real bad.
I don't know what industry you were in, or what your boss was saying, but I was on the street. I was selling equipment from the companies that were booming the most, and selling to companies that were booming the most. They all just stopped and it was inevitable that things were coming to a screetching halt.
WELL before any presidential election.
Just like how in '92 the economy was turning around before Clinton got in office (check those numbers too. Re: unemployment, GDP growth et al)
Technology spending is incredibly cyclical and as companies become weary of their revenues, they shut it off.
It just stopped. This was before the election. Well before. The stock market tumbled, hires, other capital expenditures just dried up.
You are fooling yourself or just plain ignorant to think otherwise. Look at revenues for companies in 99, 00, 01, and 02 to see just how quickly things got real bad.
I don't know what industry you were in, or what your boss was saying, but I was on the street. I was selling equipment from the companies that were booming the most, and selling to companies that were booming the most. They all just stopped and it was inevitable that things were coming to a screetching halt.
WELL before any presidential election.
Just like how in '92 the economy was turning around before Clinton got in office (check those numbers too. Re: unemployment, GDP growth et al)