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Credit Crunch? Bah! The IT market is still alive and kicking April 18, 2008

Posted by Wille in Investing & Economics, Technology.
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Much has been speculated about the Credit Crunch’s potential effects on the wider economy - and I’m still inclined to believe that although the effects on the labour market might be negative, it will not be anywhere near as brutal as the aftermath of the dotcom-bust and 9/11, at least not for IT.

Personal, anecdotal evidence (the best kind*, as you can bend it anyway you want to fit your thesis..) would suggest that the IT market is actually pretty bouyant at the moment: in the last two or three weeks I have been barraged with more phone calls from recruiters than at any other time in the last 2-3 years, even though the last 2-3 years have been rather good.

* ..although quite obviously not the most reliable kind of evidence..

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