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Posted by Andrew Bartels on November 23, 2011
The day before Thanksgiving is a good point to pause and give thanks for the recent news in the tech market, before we give thanks for our personal blessings with our families and friends tomorrow. So, amidst the glum news about the ongoing European debt crisis that is grinding growth to a standstill, the failure of the congressional supercommittee to make any progress on US budget deficits or stimulus, and the crashing stock markets, here are some things that tech vendors can be thankful for.
Certainly, there are major clouds on the horizon, including how far the European debt crisis will drag down growth both there and elsewhere; the risk that existing federal spending props to the economy like extended unemployment insurance benefits and payroll tax reductions will not be extended; and other threats to economic growth from continued high unemployment, falling stock markets, and inert housing activity. But for now tech vendors can take comfort that things could be much worse. More of the same — our current expectation — is not bad!
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