Saturday, December 27, 2008
recession getting worse
As advertising is cut, even Google is affected. More emphasis on SEO, as money gets tight. The mortgage meltdown led to an economic crisis that affected many large US financial institutions. While big banks can weather the storm, many small businesses cannot handle the financial catastrophe.Their customers cannot buy as much as before. These customers hold their cash close to their chest, and stop spending. As more layoffs cause more customers to stop spending we go from a severe recession to a deep depression.
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