You remember the parties, First Tuesday events, every second person had money to hand out, and the rest were willing to take it. It was good times. Until about March 2000, when the party ended.
For those who don’t remember any of this, because you weren’t there, this one really is for you.
Listen carefully to this CNN report from New Year’s Eve 1999. All the talk of the new economy may sound similar to what you are hearing now.
I do wonder what Fred Yaganik, the Deutsche Bank economist who is interviewed in this report, is doing now.