Here Comes Another Bubble Bursting

Posted on January 13, 2008

Henry Blodget has blogged that the U.S. economy is screwed and it probably is according to The New York Times - at least for a few quarters. This doesn't bode well for the global economy either.

Since the economy is going to be depressing this year we need comic relief. For those that have not seen it this is a funny video by Richter Scales about the latest Internet bubble - the Web 2.0 bubble. If you follow the blogging industry you will probably recognize some of the bloggers in it. The song is based on Billy Joel's "We Didn't Start the Fire." This is actually verson 1.1 of the song because the first release had some credit issues. Those issues have been resolved. The original video was viewed over 1 million times on YouTube. The version 1.1 video has been viewed over 130,000 times.