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Blogging about online retail, dropshipping, ecommerce and running an online business.
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At lunch today the top story on BBC news was the dramatic drops of global stock markets throughout the morning. All major banks have taken a battering. The FTSE has lost about 3.5% today as I write this, the US markets open shortly and are expected to open deep in to the red.
Is this the start of a recession?
The credit crunch now seems to be really taking its hold, and it may well get worse. Todays further market falls have largely involved the banks, getting mortgages will be harder and borrowing any money from the banks will be harder.
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