Fed rate cut

They knocked a chunk off the US interest rate yesterday. The last time they did that was when the dot com bubble burst around 2000 (that would be the Web 1.0 bubble).

Apparently one of the reasons that it worked so well the last time was the strength of the housing market at that time.

With the arse falling out of the property market everywhere except Cumbria, commentators are suggesting the rate cut might not work so well this time around.

Apparently there is nothing to shore up the economy.

Der! havent they *heard* of Web two point zero? der!!

If we all just keep checking our mates aren’t having more fun than us on Facebook I think we’ll be alright.

What Web 2 point oh web sites/product/service/community/Saas do you reckon will actually be useful in 2008?

Their main use seems to be for talking about how great it is to be able to talk about t’intarweb, which seems like a recursive waste of time to me. I guess I am missing something right? what?



5 Responses to “Fed rate cut”

  1. Harlan Grove Says:

    Having now spent some time using Nick Hodge’s excelusergroup, for me at least nonhierarchical discussion forums will NOT be USEFUL. The posts may be entertaining, but the interface, er, is subobtimal. Gimme a standard NNTP newsreader that displays discussion threads in branches!

    I’ll stake out the curmudgeon’s position: except for spreadsheets, if a piece of software didn’t originally come from Unix, it’s no darn good.

  2. Harlan Grove Says:

    A thought just occurred – does Excel Services count as web 2.0? On a slight tangent, it sure seems the Excel Team blog is focussed on Excel Services rather than Excel.

  3. tom Says:

    For me the 3 most useful WebTwoDotOh services will be..

    WordPress.com (see http://gigaom.com/2008/01/22/wordpresscom-creator-raises-29m/ )


    Amazon AWS (S3,EC2, SimpleDB et al).


    Google Apps


  4. Rob Bruce Says:

    Web 2.0 is an interesting little scam whereby the punters provide the content, and the site owners just sit back and collect the advertising revenue.

    Harlan, I too am having problems with the usability of the Excel User Group site. I’d also question whether the interweb tubes even need another straight Q&A forum – it just seems to fracture the community and lead to good discussions getting lost.

    As for Excel services, MS has got a lot of catching up to do. It has been telling people for years not to put Excel on the server, but has failed to provide a workaround. The gap has now been filled by third party vendors or by developers achitecting their way around the issue. And even now, if you want to follow the MS route you have to buy into Sharepoint and all the nonsense that entails. What, really, is the point?

  5. Simon Says:

    Rob – I like your one line summary of Web 2.0, spot on I reckon.

    Re Excel services/Excel blog – I believe MS have lost confidence in the desktop. And rather than playing to their strengths and pushing it, they are letting Google etc dictate the game and the rules. Like you say – lots of catching up to do, meanwhile OOo etc are eating their lunch on the desktop.

    Ad block is going to blow a hole in the ad funded tittle tattle sites surely?

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