In June we first published a post entitled “Has the Economy Fundamentally Changed?”
In July we published part 2.
While some agreed, many thought the economy have not fundamentally changed.
I wonder what your thoughts are now.
Beside the Dow Jones down almost 900 points this week, the NASAQ hitting a 2 year low, there are low term consequences for the attempts to solve the problem that will be unknown for quite a while.
Many of the investment banks are now shopping for money and investors in China.
Sovereign Investment Funds have already made major investments in US financial companies like Citibank.
Looks like more are to come.
What the effect of all of the bailouts by the US government of corporations are unknown but certainly will not help the record US deficit.
Next week all eyes will be on the TRAFFIC show and the three major domain auctions.
Yesterday we reported that in the face of all this bad economic news, the art world saw a record auction.
What will the domain world see?
Mike-
What a remarkable chapter in our economic history!
As the financial crisis continues to unfold we are seeing the destruction of wealth and a deleveraging of assets on a global scale. Investors now must seek Safe Haven investments. This is one of the reasons why gold experienced its greatest one day jump in value today (as the dow collapsed 449 pts).
It may also explain why rare art held its value in the recent auctions. The question now is whether or not domain names are perceived as safe investments and assets with true long term value.
The upcoming auctions will be very interesting in this respect with all eyes focused on the outcome.
Rob
The question now for domain owners is whether or not domain names safe assets
Rob
You are correct.
It may be the most important domain auctions ever and will indicate whether domain have that type of intrinsic value
Mike,
Sorry to throw this on a slight tangent but…
Just one idea:
Frank Schilling for president!
Financially, this has to be the worst time in the nation’s history and I have zero confidence that either presidential candidate can lead us out of this mess.
Companies (stocks) come and go but the US stock market will be around for many generations.
Websites (domains) come and go but the Internet will be around for many generations.
Having a diversified portfolio of domains seems like sound advice as is having a diversified portfolio of stocks.
People have to invest their money somewhere. Right now it may not be stocks or real estate. Maybe gold and domain names.
I talked with a guy in the sign and promo materials business. He said business is up. He figures that people have to advertise more than ever now.
To me that may translate into meaning that people will now realize that they have to invest in their web presence more now too and that is bullish for domains.
I’m bullish on QUALITY domains.
Rob
I’m bullish n Quality domains as well
I’m with you guys on being bullish on quality domains…now if everyone could agree on just what constitutes “quality/premium” domains, we’d be all set…