Financial crisis: Good for business
I was interested to read a comment on my blog the other day by a friend who works as an economics consultant:
It’s a tough time for us as well (tough as we’re unbelievably busy). Quite a few clients would like to re-do their projections given what happened in the market recently.
Given my lack of blogging effort recently, I was quite surprised to check my blog stats and find this for the past 2 months:
Daily visits are up almost 50% …
2 Comments
I have only been visiting this blog(and others) for about 2 weeks now, and here is why:
I consider myself a well educated person. I have a Bachelors in Physics and I am working on a Masters in Biomedical Engineering. However when I started hearing the news in the past few weeks, about AIG, Lehmen Bros. Fannie & Freddie all failing, and the proposed bailout plan… it struck me that as smart as I think I am, I didn’t know jack s— about the economy and why these things were happening. At the very least I understood that these reports were indicators of something very bad, but it disturbed me that I did not understand the causes and severity. My first move was to click on the TV and watch CNBC, but it became quickly apparent to me that those fellows either don’t know what they are talking about, or have secondary agendas, or some combination thereof. So I started scouring the internet for independent sources of information about the economic world. And so here I am, reading your blog and many others, in an attempt to educate myself about the world economy and its current problems. As your graph shows, it seems there are others like me.
“It’s a tough time for us as well (tough as we’re unbelievably busy)”
Amen to that.