A Handful Of Dominant Tech Companies Won’t Save Us From The Financial Crisis That Excessive Debt And General Stupidity Will Soon Bring On

http://dollarcollapse.com/the-economy/a-tale-of-two-economies/

Companies that make, move or peddle real stuff — think Alcoa, Walmart, Caterpillar — are having a hard time of it lately, mostly because their products and/or their customers have become commoditized. Aluminum is aluminum wherever it comes from, cheap Chinese clothes and toys can be had in any discount store, and earth moving equipment is only in demand when mining is hot. So these companies and their peers need generally-healthy consumers in order to thrive. And right now that’s not the case.
The story is very different for Big Tech companies riding societal waves that are independent of trends in GDP, inflation, or consumer spending. They’ve created the best versions of things that the whole world wants and because of this can grow at high rates — and earn serious money — regardless of the state of the economy. Yesterday three of them reported earnings (all articles from CNBC):