well all of the so-called robber-barons came out of an old economy (to them), but offered something NEW. if you think you are going to bust out of this recessio

well all of the so-called robber-barons came out of an old economy (to them), but offered something NEW. if you think you are going to bust out of this recession with the startlingly novel idea of starting a website, you're actually trying to apply the rules of the old (as in ten years ago) economy to the new. the web is past the innovation stage and is moving into the economies-of-scale stage. if you don't think so, compare google's earnings to yours. in any case its too early. lots of the carnage has yet to be unleashed...the reductions in consumer spending will likely only become obvious in the shopping season for 2009 as the job cuts of 2008 accelerate and are felt. the blogger's thinking isn't new....the 30s was littered with traders who tried to play contrarian too early and got gutted. let it play out kids, this will take time. preserve capital.