The American Crysis is affecting online activity, much more than offline; according to the lastest news, the Q3 2008 will have an downfall of 3-5% on ecomerce sales in the US, according with the previous one. The big companies will get reorriented strategies, and it seems that we can see some layoffs from most of the Top 500 web companies.
Yahoo looks in an optimistic view at 20% workforce reduction, and AOL one of the biggest market players for US is looking at almost 40% cutbacks. Google, who recently has become a teenager with 10 years of existence is taking a stand back and analyze position, while online financing / credit market is looking also at 30-40% cutbacks. Steve Jobs rumor of heart attack is taking an byte in Apple shares also. Top 3 US banks are getting about 700 billions $, so we’re looking at 40-50% stock raise for Citibank and JP Morgan shares.
Meanwhile, the Wall Street faced last week the biggest downfall in the stock history, with almost 10% down and a stop of short-term transactions until 2nd October. Realestate market is on the way down around the world, and Europe / Asia are looking with fear at the next months and feedbacks from the American financial crysis.
Planet oil reserves are planned for the next 20 years, while US government is rushing the production of the electrocars with 5-7 years, according a 25 billion loan for the biggest 3 car manufacturers, Ford and GM are on the way to top Toyota Primus with a car model early next year.
welcome to the new world! would be this way, all the way now or do we get back to the happiness of 90’s ?
Wednesday, January 28, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment