How is the Credit Crunch Affecting your Business?

Oddly we haven't seen anything.  But it is not just the credit crunch.  The next few years are not looking very bright all round.

• Who knows if any other banks are heading for trouble.  We hope not but the city is laying off people like there is no tomorrow.  
• The housing market is about to crash big-time.  A sure sign of this was when industry pundits assured us last year it would not crash but perhaps the rate of growth would slow.  Has there been a crash yet which was not preceded by these re-assuring messages?
• How many people do you know who decided they could get rich quick by getting dozens of buy-to-let mortgages and become property millionaires.  A lot of them heading for bankrupcy.
• Then there are the building firms who are have stopped new developments, so a lot of construction subcontractors will be heading for bankrupcy as well.
• The oil-price issue may be a blip - or may be something much more serious.  Check out the peak-oil sites which have been demonstrating for years that oil and gas is a limited resource, and that at some point demand would carry on north while supply headed south.  Once that happens prices will head past the north pole and on into outer space so...
• Humans as irrational as they are, will ignore the effect on the planet and start mining coal and far worse - tar sands.  Both essentially infinite supplys of carbon waiting to be turned into CO2.
• Then - did you see that TV program about the last warming event when a huge volcanoe in Siberia released vast amounts of CO2 causing a 5 degree increase in temperature, this in its turn caused methane to be released from rotting vegitation trapped under the ocean.  This caused temperatures to shoot up another 5 degrees very quickly and killed 95% of life on the planet.

So all together now.  "why not look on the bright side of life..."

Bob