... in what you're saying here, t-rep... I'm certaily a proponent of supply side economics that's currently working it's miracle in Singapore-et-al today VS the Keynsian crap that's failing the US and europe today but...
... what we just had was a severe recession and we are out of it.
That said, yes, un-employment remains high and real-estate is in the toilet and sure, the high deficits, elevated savings rate, and depleted pre-retirement boomers swimming in fear mean we're looking at sub-3% average GDP growth for awhile but..... we are out of the recession and 90% of the hypertext you can click on this link will tell you so:
I don't want to get into a big economic discussion, however... my point was simply that I'm using a tool called mega.hurtz and his herd's fear to play Clearwire the same way I use double-dip fear mongers to buy the market in every economic cycle during it's 2nd-year "correction" that is DUE to all that fear mongering (see last july, summer of "04, etc. in EVERY recovery to see what I'm talking about... every one of those is a herts-a-mania).
The last thing investors have a chance of getting down in life... usually late in life... is an understanding of investor psychology. Even Buffett wasn't the fear-loving contrarian he eventually became until he'd been at it awhile.
Hertz is still a good 10 years from it because he's very closed minded but maybe Clearwire will teach him something sooner than that, who knows?