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Thursday, August 11, 2011

The IT economy vs. the rest of the economy

As the market reacts to the S&P downgrade of the U.S. credit rating (more help from the folks who gave a AAA rating to toxic mortgage-backed securities -- thanks, guys), the entire world is holding its breath at the prospect of a double dip.

So far, the tech sector has escaped the worst privations of the Great Recession. It's the polar opposite of the dot-com bust a decade ago; instead of leading the plunge, tech has been doing considerably better than the economy as a whole.

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