Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ilaine who wrote (9951)	9/21/2001 6:15:21 AM
From: Don Lloyd	Read Replies (1) of 74559

CB - ...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 the demand for your products or services is at all elastic wrt price, then you are in competition with all of the other potential suppliers to your customers, independent of what the products or services are. This means that when any economic sector is in a price war due to consolidation and liquidation, you may experience reduced demand as your potential customers redirect their disposable income to the bargains they perceive in the liquidating sectors. Regards, Don

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next