A quick survey by this newsletter shows that glass media business owners in general feel they will be materially hurt by the wild gyrations on Wall Street. Glass Media Digest conducted a telephone poll of 224 glass media business leaders who reported that: - 58% said they expected their businesses to have some fall-off in sales for the remainder of the year.
- 71% said they thought the fall-off would continue into 2009
- 52% said they believed their industry would be more affected than the population as a whole by the economic downturn.
- 61% said they had already received cancellation orders of materials or offerings as a result of the stock market collapse.
- 64% blamed financial speculators for the problems.
- 72% said they felt the government had not done enough to prevent rampant speculation.
The survey was conducted over three days beginning September 15th. |