“One of the most striking developments has been the rise, fall and rise again of the semiconductor industry of the United States, which is, once again, the dominant player in the most advanced semiconductor product-markets.” Has BeensStatesFallUnitedUnited StatesPlayerProductsDevelopmentIndustryDominantSemiconductors Book:Global Shift: Reshaping the Global Economic Map in the 21st Century Source: Global Shift: Reshaping the Global Economic Map in the 21st Century
“Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.” LooksFallForceCausesSizeCriticalPhenomenonBubblesDominantShockedFalling ApartEuphoriaContagion Author:Alan Greenspan