Commercial Director at Fathom Business Solutions Limited
18 June 2008 11:34am
It's probably something that a lot of businesses are looking at right now, but I'm curious to find out from the e-community what the perception is.
Or, to the contrary are you seeing that the web is a good way to get your / your clients' message spread further and wider, and with the right site and right marketing the web is the area to invest available budget in at the moment?
19 June 2008 08:06am
I believe that not all sectors of the economy are being affected by the creditcrunch. Obviously the interest rate dropping is hurting some businesses, however I feel that creating new websites is not neccesary being slowed by the 'credit crunch.' On the other hand consumption has been dropping so I am sure that websites that offer goods for consumption might be seeing lower site traffic. Well that is just my take...I feel like the top companies are doing better (maybe because their competition is dropping because they're being effected more) and that the bottom companies are going out of business possibley. I think only time will tell. Though this BBC story might help sort out some of the numbers...
19 June 2008 08:32am
Found some more info on the credit crunch that might answer some more of your questions because I knew there was more that I've been reading about the incredible state of our economy...then I really should get back to work. Not motivated as it is almost Friday :). The other thing I wanted to mention was the pension crisis, as I believe that is also an extension of the economic slump or 'credit crunch.' http://uk.moneto.eu/pensions/pension-protection/crisis/ there is more explanation in that article, however it just doesn't make sense to me that the state would be cutting back on pensions because were does that leave the elderly in 10, 20, 30 years. Also here.... http://www.financemarkets.co.uk/2007/12/23/threats-for-the-uk-economy-in-2008/they list out all the specific problems the economy is being affected by. There is looming debt, however at least now some bank charges can be reclaimed but that doesn't neccessarily help that issue, there is the property/home market where prices are just terrible, and also the pound is overvalued and inflation. It seems like a lot of businesses should be feeling the shocks from this, however I do not see it being as extreme as the economic forecasts. That is enough of my spiel...of to work again for me :(.
Retired at Retired
20 June 2008 12:43pm
Oddly we haven't seen anything. But it is not just the credit crunch. The next few years are not looking very bright all round.
So all together now. "why not look on the bright side of life..."
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