Year: 2001

Fed lowers interest rates

The Fed lowers interest rates! Certainly hadn’t expected it till the end of the month. Obviously, since this is the first time they changed rates in-between policy meetings. The market was caught short too. Anyway, the NASDAQ has shot up. IT stocks in India are following.

Trend towards paid services

Now Yahoo! will charge a fee for auctions. No more free PCs. No more free ISPs. No more ad revenues. No more free auctions. The trend is clear. Pay! Unfortunately, they’ll also monitor what’s being sold — an indication that country-specific legal barriers are creeping into the Internet.