> Also, demand wasn't over-estimated in the 2000s. This is all ex-post reasoning you use data from 2002 to say...well, this ended up being wrong.
Well, the estimate was higher than the reality, by definition it was over-estimated. They built out as if the tech boom was going to go on forever, and of course it didn't. You can argue that they made the best estimates they could with the information available, but ultimately it's still true that their estimates were wrong.
Well, the estimate was higher than the reality, by definition it was over-estimated. They built out as if the tech boom was going to go on forever, and of course it didn't. You can argue that they made the best estimates they could with the information available, but ultimately it's still true that their estimates were wrong.