Comments on: The Most Profitable Recession Ever? http://www.straightnorth.com/blog/the-most-profitable-recession-ever/ Internet Marketing, Branding and Web Development for B2B Mon, 06 Feb 2012 20:45:41 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ryan http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1197 Ryan Fri, 04 Dec 2009 00:56:26 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1197 I entered in the wrong information on the last post. Great information though. I entered in the wrong information on the last post. Great information though.

]]> By: http://www.sellbiztoday.com http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1196 http://www.sellbiztoday.com Fri, 04 Dec 2009 00:54:14 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1196 Great information and I will pass this on to some other people I know would be interested. Good job. Great information and I will pass this on to some other people I know would be interested. Good job.

]]> By: Business For Sale http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1195 Business For Sale Mon, 12 Oct 2009 13:10:27 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1195 In recession, i see moods of peple down. We use to welcome Monday in bull period but now we look in calendar for working holidays.Keeping apart.... I believe that best sector in recession for business is to look those area where the recession is felt most. We have to think out of the box. If we turn into positive outlook enviornment then such business which are in deep trouble of will give very handsome return wheras those business which will survive in recesiion with lot of hard working will not give so much handsome return. In recession, i see moods of peple down. We use to welcome Monday in bull period but now we look in calendar for working holidays.Keeping apart…. I believe that best sector in recession for business is to look those area where the recession is felt most. We have to think out of the box. If we turn into positive outlook enviornment then such business which are in deep trouble of will give very handsome return wheras those business which will survive in recesiion with lot of hard working will not give so much handsome return.

]]> By: Ganny http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1194 Ganny Mon, 22 Sep 2008 15:33:46 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1194 Well perhaps the recession is almost a sure thing to happen and start with US when the 3 big super giant run into trouble (AIG, LB & ML). Since the whole scope of economic is definitely going to be crude and ugly and long cold winter. I wonder what we have learn from the past recession can still be applicable to capitalize the opportunities of recession ? Well perhaps the recession is almost a sure thing to happen and start with US when the 3 big super giant run into trouble (AIG, LB & ML). Since the whole scope of economic is definitely going to be crude and ugly and long cold winter. I wonder what we have learn from the past recession can still be applicable to capitalize the opportunities of recession ?

]]> By: Andrew http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1193 Andrew Thu, 27 Mar 2008 21:31:04 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1193 Sorry Brad, I forgot your question about my new blog. I'm still in the process of doing some research for it. I am aiming for around late April at this stage. Cheers Andrew Sorry Brad,

I forgot your question about my new blog.

I’m still in the process of doing some research for it. I am aiming for around late April at this stage.

Cheers

Andrew

]]> By: Andrew http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1192 Andrew Thu, 27 Mar 2008 21:26:25 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1192 Don't get me wrong, Brad, I certainly was not having a go at Americans. No doubt America is not the only country that has a problem with household saving. I'm not as familiar with the situation elsewhere, but I would bet many western countries (including my own, Australia) are recording increasingly low household savings ratios. Health care and social security will be a major area of difficulty for many countries, including America, particularly as the population ages. It will certainly be a long term challenge. Cheers Andrew Don’t get me wrong, Brad, I certainly was not having a go at Americans.

No doubt America is not the only country that has a problem with household saving. I’m not as familiar with the situation elsewhere, but I would bet many western countries (including my own, Australia) are recording increasingly low household savings ratios.

Health care and social security will be a major area of difficulty for many countries, including America, particularly as the population ages. It will certainly be a long term challenge.

Cheers

Andrew

]]> By: Brad Shorr http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1191 Brad Shorr Wed, 26 Mar 2008 12:31:27 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1191 Andrew, thanks for your extensive and well thought out comment. (When is your new blog going to be ready?) You state the case very well and I think many Americans would agree with you. At one time America was a country where people saved and valued thrift. Today the emphasis is on immediate consumption. And as you observe, spending sprees lead to bubbles and inevitable bursts. What worries me is, if Americans think the current mortagage/banking crisis is bad, wait until we have to deal with Social Security and health care. Without the long term sustainable growth you describe, I just don't see how we or future generations will pay for those necessities. Andrew, thanks for your extensive and well thought out comment. (When is your new blog going to be ready?) You state the case very well and I think many Americans would agree with you. At one time America was a country where people saved and valued thrift. Today the emphasis is on immediate consumption. And as you observe, spending sprees lead to bubbles and inevitable bursts. What worries me is, if Americans think the current mortagage/banking crisis is bad, wait until we have to deal with Social Security and health care. Without the long term sustainable growth you describe, I just don’t see how we or future generations will pay for those necessities.

]]> By: Andrew http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1190 Andrew Wed, 26 Mar 2008 09:52:39 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1190 Hi Brad, This may not be a popular viewpoint - particularly coming from a non-American. However, I feel that a mild recession for America right now, whilst painful, may not be such a bad thing. It could help pave the way for America to return to a period of sustainable growth in the long term. The American economy suffers from a long term structural problem - a household sector which is overloaded with debt. In order for the economy to return to long-term prosperity, households must undergo a structural adjustment to reduce their debt burden to a more sustainable level. This structural adjustment will not be fun. However, it is necessary if the economy is to return to a position where sustainable, long term growth is a likely outcome. A mild recession may be unavoidable during this process. Structural adjustments bring economic pain in the short term, but can have very positive long term outcomes. Remember back to the Asian crisis of the late 90's? The structural adjustments that occurred then were not fun, but allowed Asian economies to operate on a more sustainable footing. The result? According to The Economist magazine, Asia has accounted for more than half of global growth (on a purchasing power parity basis) this decade. In a similar manner, a structural adjustment geared toward more sustainable level of household debt could, in the long term, put America back on the path of sustainable growth. That said - it's easier to say when you don't actually live in America! In terms of both your and Karen's comments on increasing exports, I think you both have a good point. Exports, if I'm not mistaken, account for about 12% of the American economy (don't quote me on that). To some degree, a re-balancing of the economy away from consumer spending and more toward a lifting export demand may not be a bad thing. If America must go through a recession now, I hope it's a mild one and that your country can return to a path of sustainable growth over the long term. Cheers Andrew Hi Brad,

This may not be a popular viewpoint – particularly coming from a non-American. However, I feel that a mild recession for America right now, whilst painful, may not be such a bad thing. It could help pave the way for America to return to a period of sustainable growth in the long term.

The American economy suffers from a long term structural problem – a household sector which is overloaded with debt. In order for the economy to return to long-term prosperity, households must undergo a structural adjustment to reduce their debt burden to a more sustainable level.

This structural adjustment will not be fun. However, it is necessary if the economy is to return to a position where sustainable, long term growth is a likely outcome. A mild recession may be unavoidable during this process.

Structural adjustments bring economic pain in the short term, but can have very positive long term outcomes. Remember back to the Asian crisis of the late 90′s? The structural adjustments that occurred then were not fun, but allowed Asian economies to operate on a more sustainable footing. The result? According to The Economist magazine, Asia has accounted for more than half of global growth (on a purchasing power parity basis) this decade.

In a similar manner, a structural adjustment geared toward more sustainable level of household debt could, in the long term, put America back on the path of sustainable growth.

That said – it’s easier to say when you don’t actually live in America!

In terms of both your and Karen’s comments on increasing exports, I think you both have a good point. Exports, if I’m not mistaken, account for about 12% of the American economy (don’t quote me on that). To some degree, a re-balancing of the economy away from consumer spending and more toward a lifting export demand may not be a bad thing.

If America must go through a recession now, I hope it’s a mild one and that your country can return to a path of sustainable growth over the long term.

Cheers

Andrew

]]> By: Karen Swim http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1189 Karen Swim Mon, 24 Mar 2008 19:34:14 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1189 Brad, you're absolutely right! I'm also glad to know that something other than our political drama is being discussed! I came here from CA and wondered why the state had not acted years before to diversify their economic base but it appears we're finally moving in that direction. Brad, you’re absolutely right! I’m also glad to know that something other than our political drama is being discussed! I came here from CA and wondered why the state had not acted years before to diversify their economic base but it appears we’re finally moving in that direction.

]]> By: Brad Shorr http://www.straightnorth.com/blog/the-most-profitable-recession-ever/comment-page-1/#comment-1188 Brad Shorr Mon, 24 Mar 2008 19:28:42 +0000 http://www.wordsellinc.com/blog/for-owners-leaders/the-most-profitable-recession-ever/#comment-1188 Karen, seems to me Michigan in particular would benefit from a broader based economy based on producing (not that the auto industry is a bad thing, it's just too many eggs in one basket.) I've noticed ads here in Chicago touting Michigan as a global center for energy technology. Sounds like the state is listening to you. Karen, seems to me Michigan in particular would benefit from a broader based economy based on producing (not that the auto industry is a bad thing, it’s just too many eggs in one basket.) I’ve noticed ads here in Chicago touting Michigan as a global center for energy technology. Sounds like the state is listening to you.

]]>