Winners and Losers
Discussion
We know that the economy is living precariously and lots of businesses are facing difficult decisions as to their short term viability.
As ever in such times, there will be those who lose out but, energy suppliers aside, there must be some industries/businesses who stand to benefit - or is everyone f
ked?
As ever in such times, there will be those who lose out but, energy suppliers aside, there must be some industries/businesses who stand to benefit - or is everyone f
ked?Definitely solar panel companies, anyone involved in insulation or a related industry and sadly as mentioned, loan companies (although I imagine defaulting will rocket shortly after).
Others that'll do well are companies like CPC selling LED light bulbs at decent prices, companies selling small personal heaters and electric blankets etc.
Usually with any downturn will come prosperity for a lot of people, but I can't think of a crisis in my lifetime that'll give as many businesses a tough time as this will.
Others that'll do well are companies like CPC selling LED light bulbs at decent prices, companies selling small personal heaters and electric blankets etc.
Usually with any downturn will come prosperity for a lot of people, but I can't think of a crisis in my lifetime that'll give as many businesses a tough time as this will.
Dingu said:
QJumper said:
Loans/finance companies.
Not necessarily as they only make money if it’s paid back!Can't think of any sizeable industries that will benefit, maybe some smaller businesses like LED suppliers but it's looking quite dire for the majority.
Construction - surely spend will be down and projects will be cancelled/postponed
Retail - not looking good
Maybe low cost supermarkets will benefit but it's hard to think of an industry that will benefit if things continue as they are
mattyprice4004 said:
Usually with any downturn will come prosperity for a lot of people, but I can't think of a crisis in my lifetime that'll give as many businesses a tough time as this will.
2008 financial crisisBrexit
Covid
All the way worse for business than the current economic climate. If your business has come through these there's nothing much to fear for the next 12 months.
There is a slowdown for sure but absolutely nothing on the scale of the catastrophic events noted above. Right at this moment we just have a lot of noise in the press that will probably become the usual self fulfilling prophecy and after the 3 months of recession we will come out of it. Most businesses have made so much money in the last 2 years they should have plenty of reserves to buffer a short period of recession.
Clearly action needs to be taken on energy I personally think its way past the time when the industry should be privatised as its now just way too important but some solution will come in some form even if it's opening back up to Russia.
I do think we are now feeling the Brexit effect having had 2 years of distraction we never got to experience the economic shock that will have caused. Just at a time when we need trade the stupid of Brexit and the hurdles it has needlessly placed on businesses will come into shaper focus. Maybe its a bit of a perfect storm but looking back at the last 15 years of almost constant turmoil it doesn't feel like something generation defining is coming.
fridaypassion said:
Right at this moment we just have a lot of noise in the press that will probably become the usual self fulfilling prophecy and after the 3 months of recession we will come out of it. Most businesses have made so much money in the last 2 years they should have plenty of reserves to buffer a short period of recession.
Recession is predicted for 15 months though, not 3. By definition, a recession is 2 consecutive quarters of GDP contraction. 15 months of recession could therefore imply 7 quarters of GDP contraction.The financial crash only saw 5 consecutive quarters of decline.
fridaypassion said:
All the way worse for business than the current economic climate. If your business has come through these there's nothing much to fear for the next 12 months.
With business energy bills uncapped and rocketing, and customers facing their own 400% energy price rises and 10+% inflation? If we are looking for blame, I find it with Putin.I guess the moral is: 'Don't pick an economic war with someone who controls your energy'.
Fusion777 said:
Recession is predicted for 15 months though, not 3. By definition, a recession is 2 consecutive quarters of GDP contraction. 15 months of recession could therefore imply 7 quarters of GDP contraction.
The financial crash only saw 5 consecutive quarters of decline.
In the last 3 years how many predictions have done to pass? A lot of so called experts have been shown to have zero clue. The financial crash only saw 5 consecutive quarters of decline.
The fact is we just don't know how it will play out. Something really does have to be done on energy prices though this is the single issue driving the current inflation in reality.
The EU will make a deal with Russia they are more exposed than we are so will need to do something. This winter could get very interesting in Europe although they do have storage they are filling up.
The bigger question might be what Putin does in terms of blinking first. He's failed at everything he's tried to do with Ukraine and sanctions. His days internally within Russias powerbase must be numbered surely?
fridaypassion said:
In the last 3 years how many predictions have done to pass? A lot of so called experts have been shown to have zero clue.
The BoE aren't normally merchants of doom, so when they issue these types of warnings there's a high likelihood of something significant afoot. What makes you think it'll only be 3 months long, then?Gassing Station | Business | Top of Page | What's New | My Stuff