New Book:

_The Coming Internet Depression_ (Chapter One) by Michael Mandel

[Introduction on ABCNews.com, 3 Oct 2000]:

Could all of the factors that have led the nation into its high-tech boom, also spell the end of the longest economic growth period in the countrys history? Thats the argument made by Michael Mandel, economics editor at BusinessWeek magazine and a much-lauded business journalist. Until now, Mandel has been a leading proponent of the New Economy. But in a new book coming out Oct. 9, Mandel has a very different story to tell  a severe downturn that will not only devastate technology stocks and the stock market as a whole, but wreak havoc across the entire economy. Weve got an exclusive look at the first chapter of Mandels The Coming Internet Depression.

[Chapter One can be read at:

http://abcnews.go.com/sections/business/DailyNews/net_depression_part1.html

I note that his interesting discussion does not touch upon certain issues of interest to this Board, such as the potential fragility of a Just In Time economy; widespread technical glitches (whether due to Y2K or other causes); and imminent depletion of some key global resources. Considering those issues on top of the economic discussion offered by Mr. Mandel, one is left thinking that maybe Infomagic got it right...well see, wont we. --Andre in southcentral Pennsylvania]

-- Andre Weltman (aweltman@state.pa.us), October 03, 2000

Answers

Thanks Andre

I will check it out.

-- Martin Thompson (mthom1927@aol.com), October 03, 2000.

Just in time for Halloween, a true horror story. A global version of the "Sixth Sense" (I see dead economies).

-- K (infosurf@yahoo.com), October 03, 2000.