Here is an email: ============================================= from Gilder Publishing THE FRIDAY LETTER e-mailed weekly, for friends and subscribers ============================================= | www.gilder.com | Issue 11.0/June 8, 2001 HEADLINES: * The Week/Let The Bells Have It * Biotech Watch/Old Cells Do It Better * Friday Feature/Gelernter Live * Poll Question/Bell Shareholders? * Readings * Conference Calendar ~~~~~~~~~~~~~~~ THE WEEK/Let The Bells Have It "The lack of cheap, always-on, last-mile broadband connections to small offices and homes is a short leash around the U.S. economy's neck. Yes, taxes are too high, especially those on capital formation. We hope Congress will figure out what every businessman knows: This recession is investment-led. And yes, the Fed should drop its funds rate to 3%. And yes, there is huge inventory overhang everywhere you look in IT. If all that isn't enough to give you a bad hair day, ponder the telco debt bomb that threatens to blow up Wall Street. "The dot-com boom started in 1995 and went bust in 2000. Every dolt imagined he was a venture investor. There was overfunding galore, idiot businesses up the gazoo--and then pfft. Net Boom, Act II awaits. It will
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[gilder-technology-report] The Friday Letter 11.0