Credit crunch could be beneficial to telecom sector expert says
It's the most extraordinary bubble burst ever since the end of the 1920's and it might even take a few more years before we start feeling the angst to the full; for we should remember that the heart of the great depression was 1934 and not 1929. Yet, despite the incessant stream of gloom and voicing of bad news - which is reminiscent of Kal's excellent frontpage for the Economist dated November 1997, i.e. the midst of the previous global meltdown in Asia - there is no guarantee that history will repeat itself. Thank God for that. ICT expert Stewart Baines from London even goes one step further suggesting that certain sectors - and the telecom sector in particular - is bound to benefit from the crash.
