Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (9948)	9/20/2001 10:56:18 PM
From: Ilaine	Read Replies (4) of 74559

I call the phenomenon we experience when we get into the residue of a traffic jam after the cause of the traffic jam is gone "tractor beams" after the so-called beams in "Star Wars" which could grab onto a ship and pull it into something like the Death Star. Of course there is no such thing as tractor beams. But it's a very mysterious phenomenon - I am sure that a good scientist could explain it, but it really hasn't been explained yet. People who live in rural areas don't ever experience the phenomenon because traffic isn't heavy enough. People in more highly populated areas probably don't experience the phenomenon because traffic is always heavy. How does this apply to recessions? Well, from my perspective as a business owner, I haven't increased my use of credit. I always pay cash. I haven't taken on more overhead. Things are slower, but it has nothing to do with overexpansion. I do things exactly the same as I have for the past 11 years. So whatever caused the slowdown, it isn't because of easy credit, as far as I am concerned. Some other people may have had easy credit, and they may have overexpanded, but it doesn't reflect my own decisions. As far as I am concerned, easy credit is just a coincidence. If you sell peanuts to airlines, the forced grounding of planes affects your bottom line in ways that have nothing to do with your use of credit or your business acumen. Sometimes stuff happens, and it's just a coincidence. Economists don't seem to get that.

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