September, 12, 2002 archives

everyone's favorite fool has a review of robert prechter's latest book, in which he predicts a deflationary depression still to come. in related news, a top sillicon valley venture capital lawyer sees more clean-up to be done, and equinix (which spent nearly half a billion dollars building secure data centers) may need to file for chapter 11. unfortunately, that last article doesn't really talk about what sort of effect such a filing would have on equinix's creditors. but frankly, this is the house of cards to be worried about.

the fool explains why a slight uptick in retail sales really isn't a good sign.

go to college, drown in debt. it's all fun and games until the credit card companies melt down. (in the meantime, people who avoid playing the credit card game get screwed.)