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I have been in the biz for about 8-9 years and I haven't seen it this bad as it is right now.
My personal income has never been altered by 90% of the threats you listed, tubes and bad economy are fucknig killing me, I'm aiming at launching at least 50 blogs per day + 50 mainstream blogs a week + legal tubes + whatever else comes to mind just to come back to my last year's income and then grow. BTW there's now ay I'm ever going to quit, I've learned a lot in these past few years and throwing all that work and experience away wouldn't be too wise.
I, just like most of the people here will have to cut expenses though, letting go some of the sites that never grew, closing some of my hosting accounts etc
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