I'm making a prediction about AOL/Time Warner. They'll declare bankruptcy, or have a major "restructuring" where they fire like a quarter of their workforce, within 4, maybe 5 years. I'm really thinking like 2-3, but I'm being conservative.
Our economy is going to explode within the next year/year and a half, I'm betting. From everything I see, a year/year and a half out, unemployment will be dropping, the economy's growth will be great, there'll be talk of raising interest rates, etc. The two things on my list that could bring that to a quick halt and set us back a year or more would be a 9/11-level terroist attack, or if AOL/Time Warner fucks up the economy real bad.
AOL bought/merged with Time Warner a few years ago with funny money. The thing's waiting to fall apart, and I see no action being taken to stop it. How many billions of dollars did they lose last year (or was it last quarter)?
I'm telling you... it's not going to be pretty.
Tuesday, May 13, 2003
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