DisgruntledVirus
Lifer
While I am never for a bad economy, and hate it, long term isn't it something that can actually be beneficial?
It helps the market come back to a more natural balance (generally depending on government regulations later), which stops things like the housing market from going out of control.
People try to find ways to make money, because there is a lack of it. This can help lead to innovation and new ideas to do the same thing better and/or more efficiently (or even a new market segment). Yes this is hurt short term, because the loans have dried up so small business can't get capital for startup. Longer term though, and once they get those loans, I can see it being beneficial to innovation.
It forces companies/governments/people to re-evaluate their spending habits, and help eliminate the fat (although the government seems to use it as a chance to increase their fat, but thats another topic).
People are forced to diversify, and seek new oppertunities (financial, personal, professional, etc) that they may not have otherwise.
It forces prices to drop in inflated markets (like housing), because if a product is over-priced for the times the company will fail. So it has to cut prices to help remain competetive.
Am I way off base with this stuff?
It helps the market come back to a more natural balance (generally depending on government regulations later), which stops things like the housing market from going out of control.
People try to find ways to make money, because there is a lack of it. This can help lead to innovation and new ideas to do the same thing better and/or more efficiently (or even a new market segment). Yes this is hurt short term, because the loans have dried up so small business can't get capital for startup. Longer term though, and once they get those loans, I can see it being beneficial to innovation.
It forces companies/governments/people to re-evaluate their spending habits, and help eliminate the fat (although the government seems to use it as a chance to increase their fat, but thats another topic).
People are forced to diversify, and seek new oppertunities (financial, personal, professional, etc) that they may not have otherwise.
It forces prices to drop in inflated markets (like housing), because if a product is over-priced for the times the company will fail. So it has to cut prices to help remain competetive.
Am I way off base with this stuff?
