Hey everyone, I was really surprised not to find any crisis-related topic here on DP, considering the fact that most of its members are from the US. It seems that the rest of the world is concerned more about the problem... which comes directly from the native land of Ronald McDonald by the way. Seriously, I'm not advocating any kind of "you-are-responsible-for" talking, just curious - any thoughts about coming changes?
What am I supposed to be concerned about? I can't change the world economy. I keep on running my business and doing my thing. Now, if I was an auto dealer in the US, I'd be in a world of hurt. You have to understand, not everyone is effected the same by the "crisis." Now, with all of the big companies being bailed out, the fix is in. I get the impression you're attempting to "blame the US" for the financial problems in the world. There is plenty of blame to go around from the global financial community, as well.
I am from India, here stock market's are crashed, prices of essential commodities are gone up, bank interest rates are just coming down but still a concern, real estates prices are flighing higher than ever, gold is gone up Many top call centres, banks which outsource work from US and cutting jobs and also removing existing employess for cost cuttings, and its frightening for me to think of future. And also adsense earnings are down by 40-50%.
There are more than a dozen threads on it.. This one is the biggest....nearing 3100 posts.... United States Heading towards a Depression?
The first thing the new President will do is introduce massive stimulus packages to try and revert the negative growth of the economy. That, plus they already bailed out the auto makers, who employ one out of 10 people in the U.S. However, if you're in India like the guy above and work for outsourced supports for banks, of course you're finished. The banks will be laying off for years.
You will probably find that 95% of people have the "sticking their head in the sand" syndrome... As for DP it has definitely already been discussed several times, from adsense revenue, to are you affected, etc. I personally even wrote an eBook on how to Survive the Global Crisis and offered it for sale here about two months ago and have received countless sales thanks to it so I don't think all DP members are ignorant about the crisis - then again I have no idea of knowing whether it was DP members buying it or just DP visitors. Then again like Lexiseek pointed out: Not everyone is affected by the crisis in the same way... But whether you like it or not there are very few which will not be affected at all.
Right. You aren't affected the same as others: you're profiteering off the "financial crisis." For you, it's been profitable. You aren't the only one making money off the crisis, either. The media makes most of their money by printing "bad news." Scared people consume a lot of mass media. There will be bad news coming out concerning the economy even when a recovery starts. Boom and bust cycles are common in business.
Please think outside the box before talking. I don't profit from the crisis, I profit from my book. And my book benefits those who read it. How old are you if you don't mind me asking? Or if you do mind, then answer me this: A pharmaceutical company that brings out a medicine to cure AIDS, are they profiting from AIDS or are they profiting from their medicine which cures AIDS?
So you cured the global financial crisis by creating a blog and an ebook about it? You created an economic opportunity for yourself. It's not like I'm chastising you for it. My business is 100% internet based, so my perspective isn't the same as everyone's concerning the current economic situation. I'm just pointing out the fact that many people beating the drum about the gloom and doom stand to profit from it.
...and there is a strong belief that this crisis is pretty much "for everyone". Moreover people (not only me) consider US Federal Reserve System to be responsible (yes, everyone blames America) for what is called controlled dollar destruction (Im not sure with the definition). But that is a long story... and I was only interested in affect of the crisis on an average (or any) citizen of the US. Honestly, yesterday we had a discussion, where the friend of mine said that americans must be having really hard times loosing their jobs and becoming marginals. I said that its more likely to be the problem of the rest of the world, countries which economy depends on the US currency - and americans dont give a f as usual. Are they?
Yeah, that must be it. There, we got to the punchline. You're right. I don't give a fuck what happens to you in Belarus. Just being honest. I am an independent business man, and my business was up 23% in 2008. That was my honest answer to your question. Sorry it didn't conform to your world view.
Lexiseek, I do believe that you dont care about my country and that is a strong and honest position. BTW that is one of the reasons why you still are successfull business man. And what is your estimate for 2009 (only for your bussiness of course)? PS A lot of native born belarusians dong give a fuck about Belarus and their own lifes, so dont restrain yourself.
Let's face it: most people bitch about the US, but its not like citizens of other countries have ever done anything for me, either. I've never received foreign aid from Belarus, or anywhere else. My business is almost solely dependent on what I do. Here's how I look at it: even if revenues fell on the whole internet, I can still make more money by increasing my market share. Most of my websites are profitable but have tiny market shares like 0.00025% I view my job as increasing market share for my own websites at a rate faster than the general decline of ad revenues. Overall, for the web, I think ad revenues will be off at least a percentage in 2009. That means everyone will have to work a bit harder to stay even. Same goes for the USA. Most people in most countries are apathetic and unaware of almost every situation. But let's be fair to your for starting the thread and look at dollar devaluation. I think it is devastating to emerging markets. The USA, as the biggest debtor in the world will benefit right now from further devaluations, but it will put a dent in most emerging economies. Heck, credit is getting harder for everyone to obtain, and that includes governments. I don't see the lending straightening out for years. For most people out there, the key is reducing debt loads as much possible.
This is the biggest. United States Heading towards a Depression? Not many people seem to care. The stimilus money went somewhere, so there's some dollars out there.
BTW, I fully support the idea that Ronald McDonald is an evil prick. I don't eat at McD's and I hope the whole world quits eating there. I'd punch that silly bastard in his big red nose if I had the chance