April 24th, 2007


Welcome to Bubble 2.0.

Despite all the warning signs, it never occurred to me that I was working in a bubble. Until it popped. I don't want to make that mistake again. The three years after the bubble burst were dark, dark times for software developers. Everyone had to scramble to find a place to weather the worst of the storm. And the backlash was severe: rampant offshoring, devaluation of the IT industry as a whole, and diminished salaries and opportunies for everyone.

Seven years later, we're now clearly in the throes of another dot-com bubble. You might argue that the new bubble has been in effect since mid-2006, but the signs are absolutely unmistakable now. The job market for software developers is every bit as hyper-competitive as it was in 1999. The idea that you can found a company on the internet-- and make money-- is taken seriously now. There's a new one every week.


This article is pretty reasonable until he gets to the last part, talking about what Bubble 2.0 is "getting right." Insane speculative stock bubbles don't "get things right" - except occasionally by accident. There is going to be another pop sooner or later. I hope your 401(k) won't be tied to too many dot-companies when it happens.

That's right, keep "supporting" our troops.

I'm a Marine and I served my tour in Iraq. My husband, also a Marine, served several. I left the service six months ago because I got pregnant while he was home on leave and three days ago I get a visit from two men in uniform who hand me a letter and tell me my husband died in that fucking festering sand-pit. He should have been home a month ago but they extended his tour and now he's coming home in a box.

You fuckers and that god-damn lying sack of shit they call a president are the reason my husband will never see his baby and my kid will never meet his dad.

And you know what the most fucked up thing about this Iraq shit is? They don't want us there. They're not happy we came and they want us out NOW. We fucked up their lives even worse than they already were and they're pissed off. We didn't help them and we're not helping them now. That's what our soldiers are dying for.


Anyone hearing a popping sound?

Home prices depreciated year-over-year for the second straight month, falling at the fastest pace since late 1993. A year ago, prices were rising 14%.

In 20 major cities, prices are down 1% in the past year, the biggest decline ever in that series that dates back to 2000. "The deceleration and declines in home prices are showing no signs of turnaround," S&P said in a release. Prices will probably continue falling, said Goldman Sachs economists in a research note. "We expect [the index] to be down about 5% by the end of 2007. If anything, it's getting there a bit faster than we anticipated," they wrote.