Dotcom writ large
The pain from 2000 is back. This time it`s much, much worse.
01 November 2008
in June, I wrote about how much trouble the US economy was in and how much it's going to affect the technology market. Most of the feedback I got at the time - with a few exceptions - was a mixture of disbelief and scorn. Now that it's starting to become really clear to everyone from Noddy and Big Ears upwards that the US will not survive as a nation in its current state, here are a few more predictions.
The most obvious one is that technology spending will take a massive hit in many parts of the world, but especially in those regions that require a constant supply of products and services from the US. India, for example, could struggle in the next 18 months because 45 percent of its outsourcing market depends on the US financial sector. But we'll feel some knock-on as well, and not just from volatile oil prices either.
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