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Friday, May 27, 2011

Is the Tech boom a Good Thing?

  Technology is advancing at a speed that is unprecedented. From the year 2000 to the present, technology has been exploding. Cell phones have gone from a calling device to a portable computer. TV's went from behemoth and heavy units to super-slim(half inch), high-def and 3d as well. Is this healthy for a struggling US economy? Some say yes, while others are concerned. They say that the consumer is too inundated with technology and just when they buy a gadget, within months it's outdated and archaic. So many consumers were lured into buying the new LED TV's when a few months later they added 3D and the LED TV's value plunged. Nonetheless, the other side of the argument claims that it's creating jobs and it's healthy for a progress. What do you think? Does this mean that you should by tech stocks?

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