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Originally Posted by Acro  Teamwork, that's the "doom and gloom" that you're facing in Europe, having experienced a different type of meltdown than in the US. I won't blame Karamanlis for that in Greece, like many of my co-patriots do, I will blame the gray/black market economy of Greece and that of the Old Continent. Here in the US, the economy is more dynamic and driven by entrepreneurship, unlike Europe that it requires brick and mortar industries that have long showed they cannot adapt to new technologies and new methods of shifting their resources to produce revenue. In other words, the economy is in recovery and while it will take a while to achieve record levels it's most definitely past the bottom. In the US the psychological factor of having a competent president has been accomplished. The economical stimulus is in the process of creating several million jobs, which in turn will increase industrial production and both corporate and consumer spending. I am sick and tired of hearing this "economy is bad" thing. I currently respond to email offers that mention that as an excuse for lowballing with a resounding "go **** yourself"  |
Hi theo, It's not the gloom and doom scenario. I understand there is a reality out there. I prefer to read correctly the situation than to pretend that all is normal. I was not talking either for greece situation in here. My logic just tells me that when more than 10-20 trillions get lost in world markets in just a few months (paper value anyway) and most assets and commodities collapse, and uncertainty for the future is on the rise (I suppose these are the facts today) , then nobody could prove me that the valuation of domains will hold where they were, especially when we have signs that the advertising costs will be reduced worldwide. Even gold which is supposed to be a safe bet in so-say difficult times, it's doing better than other assets but still it's lower from the highs. I can't see an exception for the domain industry where valuations will always have to go up. I think we both agree that in times like these many opportunities will arise.