jazz & plastic
This profile considers the recent dot-com, wireless, broadband
and subprime bubbles.
The internet boom & bust of the past decade is of
interest as the latest occurrence of what Robert Shiller
characterised as "irrational exuberance" - an
echo of past euphoria decorated by new technologies such
as radio or railways - and for the way that innovation
is perceived (and exploited) by government, the media
and society at large.
The dot-com crash is also an illustration of what Eli
Noam characterised as "irrational depression"
in Wall Street and other markets.
in this profile
This profile comprises-
- writing about the nature of behavioural finance and
historical perspectives provided by past booms.
tulips - archetypal booms
and busts such as tulipmania, the South Sea Bubble and
steam age - the railway
bubble, highlighting economic, historical and psychological
& plastic - delirium and innovation in the age
of the 'radio bubble' and 'transistor bubble'
- the 1980s Japanese property bubble and other real
fleece? - precedents in Australia's history - such
as the 1890s land boom, 1960s mineral boom and 1980s
exuberance - are examined
- an itemisation of major financial panics, crashes
and other inflection points
snapshot of the dotcom
dotcom page looks at
dotcom companies, highlighting particular incidents,
valuations and consequences. It also points to memoirs
the telecoms page considers
the telecommunications bubble that coincided with the
- peak market values and post-crash troughs for selected
au bubble - speculation,
hysteria and hubris in contemporary Australia
actors page discusses
analysts, brokers, government agencies, investors and
other participants in the 1990s boom (and who will presumably
energise future exuberance)
discusses media scepticism, infatuation and received
wisdom about dotcoms, the 'new economy' and telecommunications
considers depictions of booms and busts in film and
considers financial reporting, auditing, expectations
- the activity (and inactivity) of public and private
2.0? - a second dot-com bubble, centred on social
network services such as Facebook?
- giddiness in China as a perspective on past emerging
- the global subprime bust, likely to be more significant
(in terms of reregulation and economic pain) than the
2000 dot-com crash
highlights particular incidents during the dotcom decade
guides on this site explore particular issues in more
detail, in particular the guides on the 'Information Economy',
Governance and Networks.
The Ketupa.net site supplies more detailed profiles of
major media groups such as Vivendi, Viacom and AOL Time