What businesses other than Woolworths is the credit crisis affecting?
There probably isn’t one business out there that isn’t being affected by the credit crisis. It is so diverse, covering the globe, that unless you have a very unique business, you are affected. Even city governments are tightening their belt. Here is a made up and all too common scenario in a nutshell: Bob & Betty Jones married own a home Lease a foreign car and SUV Bob looses his job Betty gets her hours cut Their home equity line of credit gets cut or completely lost They get late on their bills They can’t borrow, with income loss and value of home diminishing They can’t buy much at all Their cars get repossessed and they still owe money on them Their house gets reposessed and they still owe money on it They have to give up their pets to a shelter They have no home and no car but they have debt! Why this has happened to so many: So many of the US business’ left the US Therefor, production in the US has diminished Therefor, the past 15 years we have been increasing purchases to other c
