interesting article on credit crunch

[DanAronG]

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Hi All,

First post here, found an interesting article on the credit crunch and how we'll get out of it.

Somehow, somewhere, someone has managed to swing poor lending processes and swashbuckling investment decisions by banks, over to Mr poor mortgage payer in the good old USA. That’s a bit like trying to glue jelly to a tree.

We will learn one thing from this recession (or we will not), and that’s common sense in lending and investment policies from the banking sector.

Let's remember that banks have individually bought investments in assets they will never be able to understand, and did not understand when they bought them. To blame the U.S. is just priceless.

I studied the U.S. as an economy in 2007 for five weeks and wrote about its poor state and in particular the state of the housing. Remember we all know they are around a year or so ahead of us in terms of their fiscal policy.

From one side to the other everyone believed the housing market was doomed, and you could already get property at sizeable discounts.

New developments lay empty. Excess supply coupled with dwindling demand........

Read the full article and others on this mortgage broker website.

Hope you find it interesting.

[Paul-Morris]

Hey All,

The economy may be screwed however Affiliate Marketing will be our salvation!!!!

Given its age, no case history is available to show how affiliate marketing performs in a recession however i fully expect it to prosper in the downturn as it proves to be the marketing technique of choice for those companies strapped for marketing cash and where cost per acquisition remuneration becomes even more important.

I wrote an article on this for Could the downturn see an upsurge in affiliate marketing? - 26 Jan 2009 - (linking directly to their site so you know this post is not for the inbound link!).

Paul Morris
Yucca - Affiliate Management