The times they are a changing. I think that the possibility of a major depression is now above 20%. In any book, that is a signicant possibility. Some folks will say that I am being a Pangloss, others will refer to me as a Cassandra. Such is the nature of blogging and out of your ass predictions.
So right now, with the possibility of a depression ahead of us, ruthless cost cutting will have to be the order of the day. By the very nature of that decision, if enough folks start doing just that, the chances of depression increase.
So I am looking hard at the blog and how will I continue doing it. The hard truth of it is that it is a bit of an affectation. I could do what I am doing in a 79-cent spiral notebook. But I do like the idea of other people reading this stuff. Makes me feel warm and fuzzy, keeps me putting things out there.
Google is almost a poster child of the totally irrational bubble that is now breaking. I remember the insane bidding for the seriously constrained shares in the IPO. I remember stock prices at >$720 a share. But what is it exactly that they do to have that kind of stock prices? Will their revenue stream be sufficient to continue funding/hosting this affectation? Will their business model of selling search hits to businesses selling unnecessary goods and services collapse? Bunch of problems facing this hobby.
So, I have to sit back and ponder the future of this. Any ideas would be welcome.