Discussion
does anyone else think we are in a recession at the moment?
the number of business and personal bankrupcies is going through the roof. All my suppliers have gone to paying 90 days when they used to pay 30 days. customers seem to spending substantially less money in all the businesses i own- and i'm doing much much better than average in my sectors.
the only companies that seem to be doing really well seem to be banks and lenders. Huge companies with great economies of scale seem to be doing well which points to a reduction in price elasticity.
Consumer debt is going through the roof, and i konw a huge amount of businesses that have only really grown off the back of commercial property rises. I also know a veyr large number of businesses that have been either making redundancies or cutting back on hours!
am i being a touch pessimistic here?
the number of business and personal bankrupcies is going through the roof. All my suppliers have gone to paying 90 days when they used to pay 30 days. customers seem to spending substantially less money in all the businesses i own- and i'm doing much much better than average in my sectors.
the only companies that seem to be doing really well seem to be banks and lenders. Huge companies with great economies of scale seem to be doing well which points to a reduction in price elasticity.
Consumer debt is going through the roof, and i konw a huge amount of businesses that have only really grown off the back of commercial property rises. I also know a veyr large number of businesses that have been either making redundancies or cutting back on hours!
am i being a touch pessimistic here?
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