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If you listened to the talking heads last week, you knew that everyone was holding their breath waiting to find out just how bad black friday sales were going to be. If you listen to the so-called experts, there was no reason for hope and the holiday shopping season would only be the nail in the proverbial coffin.
I suspected that people were not listening to the experts and saw a reason to hope in this economy. As touchy feely as “hope” can be in an area that is defined tightly by the ink of black and white P&L reports, hope, faith and confidence is the driving force behind an economy.
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Being a serial entrepreneur I have been through many business cycles, but the Internet boom of the late 1990’s was an extremely heady time. People were so enamored with what the Internet could do, every one really believed that the old rules didn’t apply.
The reality was that those rules applied more than ever and with the crash in the early part of the century we have tried to learn our lesson.
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Nuclear Winter. It’s the time period after a holocaust that can last for hundreds of years, making the surrounding landscape around ground zero uninhabitable due to radiation.
It is the death of life and the birth of a new holocaustic life. We’ve never actually had an actual nuclear winter on a global scale, though the threat is there as more and more nuclear weapons proliferate the globe. Many science fiction stories have been built around the concept of a nuclear holocaust and life after.
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Tremendous insight from Gary Vaynerchuk of WineLibrary.TV. This man may be the most brilliant marketing mind of our time. I’m pleased to call him a friend.
Early apologies for some of Gary’s language as he is obviously passionate and fired up. Don’t let the language scare you away His message is very important.
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I keep inching and inching into the beat of my colleague, Ray Capece of Venture Files, but I think it’s pretty important and weighty times for web professionals and small business owners alike. Unlike anytime in our history, the uncertainty of the future of our world and country are great.
It was quite interesting to watch the market swing yesterday. Apple (AAPL) took a 20% hit on the market last week when it was expected that consumer spending on “bling” would be reduced. “Bling” stocks like Apple, Starbucks (SBUX) and other companies representing consumers “living the life” mentalities tanked with futures projections.
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Wow, so two weeks ago I wanted to write about technology and business. And I still do (and will). However, there comes a time when an adjustment needs to be made, and for me that time is now.
The economy is in the tank with no end in site. Asian markets dropped 9% overnight and the European markets took a battering until the coordinated move of central banks moved to adjust interest rates around 4am this morning.
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The economy has everyone shaky, even those in the web space who have been largely unaffected, so far, by the ups and downs in the market. The Web market is largely filled by companies who have, at best, private equity via venture capital or angel funding, or they simply are bootstrapping and don’t have any outside investment.
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Having come from the blog space, I have a mostly unique understanding of the difficulties encountered when running a content business. There is always a war between traffic and community, profitability and loss, long term projections and short term realities. It’s not an easy business.
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The company was booming. It was harvesting tea from Asia and selling throughout the empire. Times were good and tycoons were fat and wealthy. Times couldn’t be better as the government subsidized East India Company collected record profits from the subjects throughout the British Empire.
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So, has anyone else been watching Wall Street do the 2000 style dot-com dance while the TechCrunch-watching, TechMeme-obsessed crowd throws parties like it’s 1999? I feel for the guys at Lehman and AIG, some of them my age, now out on the street. In fact, I feel even more sorry for them than I did for the guys caught in the dot-com bust.
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If our lives only involved this world of technology, then life would be a much better place. If life was as simple as simply going to Google and clicking “I feel lucky”, then we might not have the heartache that is in the world and the social media space could just get along by whispering sweet nothings to each other in 140 characters or less.
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A friend of mine just landed a job. Congratulations to her as the job market is shriveling up. I won’t mention her name for fear it could cause complications at her new job but many of you know her.
She hasn’t worked for a company in 17 years, give or take, and has lived quite successfully as a consultant. However, she became enamored by the possibility of helping companies directly in her line of expertise.
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I’m not an economist. I’m just a pain in the ass blogger.
However, here in the United States, we are tormented by the weak dollar. In the early day of the weak dollar policy that has been one of many negative marks on the current administration, we were able to sort of laugh it off as our neighbors around the world fretted about the rising cost of doing business in US Dollars. In the US, we were able to just sit back and say, “Yeah, the dollar is weakening but it’s not all that bad, really.”
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Stability has returned to Wall Street after Friday’s 300 point drop. Many industry experts credited unrest in Northern Iraq, surging Oil prices and uncertainty surrounding the 20th anniversary of the Black Monday October 1987 crash where the market lost over 22% of its value in a single day. Others, however speculated that the sudden downturn [...]
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