Amazon’s View of the Credit Crunch
So how significant is the “credit crunch”?
I will leave the macro implications of the credit crisis to the economists. But if you’re looking for signs that consumers are feeling the pain of constricting credit, you might want to take a look at the e-mail below that I recently received from Amazon.com. I cannot say that I’ve read every promotional e-mail that Amazon has ever sent me, but I certainly don’t ever recall anything like this.
The media has been full of stories about tighter consumer credit, some of them more legitimate than others. (Here’s a new one from today’s Times.)
Please feel free to share your own tales of the credit crunch.