=============================================              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

[gilder-technology-report] The Friday Letter 11.0
============================================= from Gilder Publishing THE FRIDAY LETTER e-mailed weekly, for friends and subscribers ============================================= | <URL> | Issue <NUMBER>/June <NUMBER>, <NUMBER> 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 <NUMBER>%.
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 <NUMBER> and went bust in <NUMBER>.
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
act ii gilder url issue number led yes fed cells better friday look isn bad letter mailed weekly imagined venture investor inventory overhang readings conference