Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (72514)	2/12/2010 8:59:50 PM
From: Snowshoe	of 74559

>>Laws work in such countries.<< That depends. In the real world lots of contracts get "adjusted" when times are tough. Employers demand wage/pension concessions under threat of going bankrupt. Landlords drop rents if tenants threaten to skip out in the middle of a lease. Major oil companies demand price rollbacks on existing drilling contracts, else they'll put the service company on a black list for future work. Maybe those iron-ore futures contracts should have contingency clauses to allow for price/volume adjustment during times of extreme economic volatility.

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