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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (7417)7/1/2006 4:34:18 AM
From: energyplay  Read Replies (2) | Respond to of 218132
 
McDonalds owns about 90% of the land under their resturants.
That really helped them long term.

A long term lease is just about as good.

All the small barriers can add up to a large barriers.
Starbucks is a pretty good example.

One other factor is that beauty saloons have a social aspect, sort of like a power resturant or bar. Everyone wants to go where the other heavy hitters go. This can mean a degree of lock-in, first mover advantage.

Except for some high end saloons chains like Vidal Sasson, most beauty spa chains in the US have had great localized success, but most seem to peak out early. There is alos lots of used equipment in the US, and experienced people, so setting up a small spa is easier tha in China.



To: TobagoJack who wrote (7417)7/2/2006 8:44:52 PM
From: Taikun  Respond to of 218132
 
Kaufman on liquidity:

(from interview w/Kathleen Hays of Bloomberg)

Kathleen Hays: "Global central banks raising their interest rates. Some people say they are sucking liquidity out and that could cause market instability and some sort of uglier times ahead."

Mr. Henry Kaufman: "The extent to which liquidity is being sucked out – so to speak – is very modest. In Japan, interest rates have been at zero. In Europe, they're below 3%. In the United States, our interest rate structure from a historical perspective is still moderate. A Fed funds rate at 5%. Ten-year government bonds at 5.19% or 5.18% – wherever they are today. These are not extraordinarily repressive interest rates. Today, anyone who really wants to borrow can borrow. Today, anyone who wants to borrow creates Credit. And the Federal Reserve is not yet at that point where there is some pain in the system."
billcara.com