OT: World Trade crash...

From: Carlos Murillo <cmurillo_at_emtelsa.multi.net.co>
Date: Wed Sep 12 14:18:54 2001

At 09:51 AM 9/12/01 -0700, you wrote:
>On Wed, 12 Sep 2001, Carlos Murillo wrote:
>
>> Big slowdown. But not tanking it. I think that some bubbles will
>> burst (i.e., stuff that isn't there now but which investors thought
>> that would be there in the future). But this did not affect any key,
>> real production resource. And the US dollar is not in much danger
>> either. So we're just facing a big "correction".
>
>The WTC was not a key and real production resource? The WTC WAS our
>economy (in a most abstract sense).

It is stuff whose function can be replicated more easily than say, a
refinery's or a steel mill's. Especially in our times, with our computers.
Company offices elsewhere will take up the slack. And, sadly
for New Yorkers, I think that if anything like the WTC is ever
rebuilt, it probably won't be in Manhattan, but perhaps just
across the river. Already, lots of such firms were moving
to Newark because of the high office space costs in Manhattan.

carlos.

--------------------------------------------------------------
Carlos E. Murillo-Sanchez carlos_murillo_at_nospammers.ieee.org
Received on Wed Sep 12 2001 - 14:18:54 BST

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