Online spending going up as downturn begins.
European markets look poised for a downturn as more information comes in on from banks on bad loans.
“We can’t just blame the Americans,” said an anonymous UK financial analyst. “The fact is that we all wanted to make money. The banks pushed money on the American market. We pushed the American real estate bubble as far as it could go and it burst.”
When things were looking up last month, the future was not bright. See the video below.
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As businesses around the world prepare for tough times, online spending appears to be increasing. According to online experts, online advertising, website development and social media investments are being pursued with greater tenacity. There is the hope that every little bit will help when the global economic downturns get scary.
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