Are There Really Two Economies?
from the old-vs.-new dept
A year ago everyone was explaining the difference between the new economy and the old economy. In the past few months there have been a bunch of articles (often by the same writers) explaining why anyone thinking their is a dichotomy is stupid. It's funny how quickly some people change. Here, however, is an excellent article explaining why there really are two economies. The basic argument is that we always have an old and a new economy. There are cyclical stocks and there are growth stocks. Each have their own risks associated with them, and investing in them requires different metrics and different skills. However, ignoring the differences can be very dangerous. This is one of the few articles that I've read that actually makes sense about "new economy" vs. "old economy".Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team