The capacity will not remain a glut in a globalized, digital economy. It will be aquired for next to nothing having been paid for by investors duped by the Grubman's. It will work out nicely for some factions. The only question I have is will it have only been a happy accident for those factions or something else entirely.
> This article is fascinating. Market enthusiasts proclaim that > markets are magnificant processors of information. This article > desribes how markets are driven by frenzy more than by > information. > > > TELECOMMUNICATIONS > > Wildly Optimistic Data Drove > Telecoms to Build Fiber Glut > > By YOCHI J. DREAZEN > Staff Reporter of THE WALL STREET JOURNAL
