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Another grim day on Wall Street.

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Alan Brooks| 2.24.09 @ 9:53AM

1998, that was the year when things started to go gnarly.
deregulation kicked in '97- '98, the economy overheated, and how foolish Clinton was to throw it all away for a little nookie.
yet another reason I'm souring on sex, not sex itself but the Lewinsky scandal is the locus classicus of how we are split in two between our high functioning minds and our animalistic libidos.
a Rhodes scholar gets impeached for being goatish!
it was a babyish scandal, however Clinton's responses were the most infantile of all; he could have controlled the damage right away, but he strings the whole deal out for 11 months..
in retrospect Clinton (with Newt) did fine. Nonetheless it was Reagan who set the stage for the growth of the '90s by facilitating the Cold War's end-- a few more months of it and we would have been heading to bankruptcy ourselves-- and helping to prepare our national inventories for the early '90s.
Bush 41 doesn't get enough credit, either.
for by '93 the economy was already picking up steam, and the IT revolution was gaining momentum as well.. in '94 I remember first hearing about the web. those were the days.
the next revolution will be biotech, yet it wont be as much fun-- too much dislocation.

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More Blog Posts by Philip Klein

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