[bayouchub]

Originally Posted by Goooh

People live and operate like the laws of gravity do not apply to economics, yet what goes up does come down every 5-10 years. That's my main quip.

The impact of these times would be mitigated with proactive planning instead of reactive. Everyone is so surprised when the market dips, oil prices sky rocket or the bottom falls out, etc... Yet it's written on the wall and is as predictable as days getting shorter in the winter.

People have already asked for 10% price decreases on products in our business "due to low oil prices", yet the products have not even been impacted nor has their business. Most of what we see is knee jerk reaction a to speculation.

This thing will be a V tapered dip and rise, and not a belly like we saw in the 80's. Plenty of companies see this as a time to scoop up talent being let go by others, so if you have talent and drive you will land somewhere no problem. And if you have put an emergency fund away you can survive 6 months to a year before needing to land, and by then the dip will be gone.

If you have a 28,000 single wide and $150,000 in truck, boat and RZR debt with no emergency fund - boo hoo, that giant shackle on the back of your truck will look good dragging the street when the tow truck comes to get it.


Sent

Possibly one of the best post in sc history!