When Could the Credit Crunch End?
I am not sure what you think but from where I am standing this credit crunch is starting to have a major negative affect. Recognised companies are going to the wall unable to continue and compete in the current downturn. Rock solid firms are also folding after being unable to borrow the money that they have become accustomed to lending. Unemployment rates are going through the roof, doom and gloom is starting to set in up and down the country. So when will this credit crunch end?
Before I continue I should really point out that I am by no means a financial expert and that I do not work within that particular business sector. I am personally involved with offering online guitar lessons for beginners; I also work with a company offering a DVD duplication service and I help people to stop stuttering.
I would prefer to not add to the doom and gloom however I happen to think that 2009 is going to be a rather tough year, financially! If you can keep your job then you should feel quite privileged and proud as this should the number one priority at this current time. At the moment there seems to be far too much chatter going on and not enough action – this is something that needs to change and change fast if we are going to emerge from this mess any time soon. In the UK we had a reduction in the rate of VAT tax, what a waste of time that proved to be.