Steven and I had an interesting conversation late Wednesday night (by the way, we’re roommates)–we were talking about the sub-prime lending meltdown and how it’s affecting the rest of the economy. Earlier that day, I was listening to some guest on NPR’s Fresh Air argue how an American recession is inevitable due to: weakened banks (i.e. sub-prime lending flop), diminishing dollar, and rising oil prices. Not that I believe everything that I hear from the media, but this guy’s arguments did make a lot of sense to me and made me feel a bit paranoid about the future.

However, not everyone is predicting doom and gloom. Today, Mark Hendrickson wrote a cool article on TechCrunch speculating that the current problems in the banking and real estate sectors could actually drive more money to Silicon Valley. In a survey of 862 real estate, mortgage, and financial workers, 56.2% of respondents claimed they were seriously thinking about starting a business within the next six months–many of these people had an eye on starting tech businesses.

So the positive takeaway from this article is that the tech entrepreneurship sector could be doing okay even if other parts of the economy are faltering (principle of creative destruction?); however, Hendrickson raises a great question–do we really want a bunch of big corporation people becoming entrepreneurs?

Let’s see if history repeats itself…