Weekly Wrap: The debt limit, the tech bubble

Marketplace Staff May 20, 2011
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Weekly Wrap: The debt limit, the tech bubble

Marketplace Staff May 20, 2011
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Kai Ryssdal talks with John Carney from CNBC and Leigh Gallagher from Fortune magazine.

On Republican Paul Ryan’s statement that the government could pass the August 2nd deadline for the debt limit:

John Carney: There’s no way he has any information that’s telling him that; he’s just making it up.

And the tech bubble:

Leigh Gallagher: This is so much different than 1999 when something like 300 companies went public that year. There’s basically five big companies that everyone’s talking about right now — it’s LinkedIn, Facebook, Twitter, Zynga and Groupon. And these companies, with the exception of Groupon and Zynga, have been around for — you know, LinkedIn’s been around for 10 years — no one’s really had access to it yet. And these companies have profits, they have revenues and they are transformative.

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