The '90s Economy — What Happened?


Guests:

Julie Niemann
*Stock analyst at R.T. Jones Capital Equities in St.Louis, Mo.

Daniel Yergin
*Chairman of Cambridge Energy Research Associates, a research and consulting firm focusing on energy markets
*Executive Producer of the PBS series about global markets called The Commanding Heights; The Battle for World Economy
*Piece called "Herd on the Street: A Quarterly Stampede" appeared in Washington Post on June 30

Hugh Johnson
*Chief investment officer at the brokerage firm, First Albany, Albany, N.Y.

As reports of corporate misbehavior pile up, the stock market continues to drop and investor trust in American companies begins to erode, many are wondering what happened to the so-called "new economy" of the 1990s. The techonology boom and dot.com craze helped create a euphoric and speculative financial bubble, as many investors scrambled to be part of the economic boom. But those heady days appear to be over. Neal Conan and guests discuss the bursting of the economic bubble and the impact it may have on investors, American business and your own confidence in Wall Street and the American economy.

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