[sudo-discuss] Bubble

[johanna faust]

wow, awesome photos...

On Fri, Mar 27, 2015 at 10:15 PM, johanna faust <female.faust at gmail.com>
wrote:

> " all the decadence and avarice now will seem like a hazy impossible
> dream"
>
> decadence and avarice?  oh, yeah --
>
> but seriously, i have always dreamt of that. many thoughts.  lets have a
> workshop thereupon.
>
>
>
> i know, i'm one to talk.  still had to throw it out there.
>
> On Fri, Mar 27, 2015 at 11:02 AM, Praveen Sinha <dmhomee at gmail.com> wrote:
>
>> I lived through both the peak and bust in the bay area the first time.
>> And while every crash is very different in terms of who gets impacted and
>> how the crisis is managed, I'll share my experiences.  The dotcom crash
>> left silicon valley with a 30% unemployment rate in the tech industry for
>> about 6 long months.  The shape of a new crash could be very different.
>>
>> - crisis: be prepared for a bloodbath: As much as no housing sucks, it
>> sucks much much more to have no avenues for income.  A crash means that you
>> and your boss are laid off, and so is everyone else... But also the people
>> that were funding your company have dried up and closed shop and are out on
>> the street as well.  And the people funding them are cutting their losses
>> and closing up shop.   The wealthy patrons that funded your pet projects
>> are now in the same boat as you are.  The rich and powerful people that you
>> hated, and likewise they hated you -- now you are both clinging to each
>> other realizing that you are in the same boat and dependent on each other.
>> Everything will be inverted -- all the decadence and avarice now will seem
>> like a hazy impossible dream.
>> - challenge: be prepared to reposition your funding sources:  for a
>> hackerspace, all your tech patrons may be dried up for an extended period
>> of time.  However, it may be a good time to leverage in other industries
>> somehow, like biotech or health care
>> - opportunity: you'll have a flood of really smart and talented people
>> that now need new opportunity.  Do as much as possible to develop this
>> human capital in creative alternative ways for the long term.
>> - opportunity: landlords will start dropping rent as people start leaving
>> the bay area in droves because the rent is always too damn high.  If you
>> can ride it out, and if you can get your funding positioned right, there
>> will be lots of golden opportunities to acquire stuff.  For example,
>> noisebridge was able to get it's current place during the peak of the 2008
>> crash
>> - opportunity:  we didn't have bitcoin and timebanks with wide acceptance
>> the last couple of times......
>> - major challenge:  Crashes suck, but you can live through it.  A crash +
>> ongoing natural disaster = bad shit.  If a crash and extended water crisis
>> happen at the same time, we could be living in a totally different reality
>> this time next year.  That said, I can't think of any better people that
>> I'd want to live through it with!
>>
>> Love,
>> Praveen
>>
>> On Fri, Mar 27, 2015 at 10:20 AM, mattsenate at gmail.com <
>> mattsenate at gmail.com> wrote:
>>
>>> Anyone else notice that the NASDAQ Composite Index has about reached the
>>> nominal peak of the dotcom boom? It's not at the real value peak (i.e.
>>> adjusted for inflation), but still pretty peakish:
>>>
>>>
>>> http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=COMP&insttype=Index&freq=2&show=&time=20
>>>
>>> It seems to me that additional market forces caused by the likes of a
>>> crisis in student debt or perhaps a natural disaster, such as an
>>> earthquake, could hasten the inevitable burst. Otherwise we may be looking
>>> at just a few years before a substantial fall in the stock market,
>>> devaluation of over-inflated "tech" companies, subsided startup investment,
>>> decrease in technology field employment, or other similar things...
>>>
>>> What might one do to prepare, as if not soon, at least inevitably there
>>> will be some stock market crash that will largely affect the wide bay area
>>> economy?
>>>
>>> // Matt
>>>
>>>
>>> _______________________________________________
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>>> https://lists.sudoroom.org/listinfo/sudo-discuss
>>>
>>>
>>
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>>
>
>
> --
> *Be seeing you.*
>



-- 
*Be seeing you.*
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