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Post by redwolf on Jan 30, 2008 15:11:32 GMT -6
I am a grad student and in one of my classes the other night the professor said he expects enrollment to increase with the onset of the recession. I can also imagine that apartment complexes do better in weaker economies, especially this one with all of the foreclosures. Here is an article about how the comfort food business doesn't suffer during a slowdown: money.aol.com/news/articles/_a/comfort-foods-to-resist-us-slowdown/20080123072709990001My question is this: Can you name a business that actually prospers during a recession?
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Post by unlawflcombatnt on Jan 30, 2008 17:32:22 GMT -6
Precious Metals will go up in price, as long as the Fed and the government try "inflate" our way out of a recession—i.e., by stimulating the economy with rate cuts, or from increased Federal borrowing necessitated by fiscal "stimulus" packages. All will increase the "supply" of virtual $$ in circulation—reducing the value of each $ as a result—increasing the price of anything purchased with $$. Raising the limits on loans that Fannie Mae & Freddie Mac can purchase will make it easier to obtain mortgages, making it easier for banks and financiers to create more artificial wealth, putting more virtual $$ in circulation through loan creation. (This is assuming that raising the conforming loan limit actually has an effect.) Anything that decreases the value of the $$ will increase the price of precious metals—especially gold and silver. If other currencies devalue, it will increase the price of precious metals in those currencies as well. If other countries try to stave off recession by the same inflationary methods as the U.S., the $$ will decline less in relation to those currencies. As a result, the Dollar Index will understate true dollar devaluation, as will comparisons with other currencies. The only true measures will be the price of precious metals and commodities in $$. If demand for commodities declines, it will put downward pressure on those prices. However, if the recession-induced decline in demand is greater than government-induced increase in demand by inflation of currency, then the price of precious metals may decline. As aggressive as Bernanke has been in cutting rates—in response to the stock market, instead of the real economy—precious metals will likely increase in price for a good while. As long as Bernanke is influenced only by the whining of cry-baby rich investors, financiers, Corporate loan sharks, and housing speculators—he will continue to cut rates. As long as the Corporate whores in Congress listen only to their rich campaign contributors, taxpayer-funded rescues targeting the rich & greedy will continue. Our elected officials consider it more important to prevent the rich from becoming less rich, than to prevent the poor from becoming even more poor. After all, we do live under a 1-dollar, 1-vote system—don't we?
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Post by graybeard on Jan 30, 2008 22:00:48 GMT -6
They say Las Vegas and other gambling places prosper in a recession. I wouldn't bet on it.
GB
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Post by unlawflcombatnt on Jan 31, 2008 5:04:18 GMT -6
They say Las Vegas and other gambling places prosper in a recession. I wouldn't bet on it. GB I "wouldn't bet on it" either. Regarding Las Vegas, I think it also depends on how much rich people are affected compared to poor people. Though poor people also go to Las Vegas, the high rollers are usually those with higher incomes. I suspect there are more people going to Las Vegas from Beverly Hills, than there are people from South Central LA.
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Post by redwolf on Jan 31, 2008 10:35:04 GMT -6
From the Wall St. Journal: How to Recession-Proof Your CareerBy SARAH E. NEEDLEMAN "Past economic downturns have led to layoffs throughout corporate America and, at least temporarily, a tighter labor market. But some industries tend to be more vulnerable than others when the economy is in a slump."online.wsj.com/article/SB120113098025711569.html?mod=fpa_editors_picks
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Post by redwolf on Jan 31, 2008 15:15:32 GMT -6
Hmmmmmmm ... Anheuser-Busch Profits Up 12 PercentBy CHRISTOPHER LEONARD, AP ST.LOUIS (AP) - Anheuser-Busch Cos. Inc., the nation's largest brewer, said Thursday that a resurgence in beer sales helped push its profit up 12 percent in the fourth quarter.
The maker of Budweiser, Bud Light and other beers earned $214 million, or 29 cents per share, in the three months ended Dec. 31, up from $191 million, or 25 cents per diluted share, in the same period in 2006. money.aol.com/news/articles/_a/anheuser-busch-profits-up-12-percent/n20080131152409990029
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