May
26
2009
(Source GWS)
Remember, even during the Great Depression there were people that were better off than they would have been. There are always winners and losers.
When prices are falling, and when relative prices change, there are people who benefit from that – as well as people that lose out. During such an event we normally only hear one side of the story …
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4 comments
1 ping
Homepaddock says:
May 26, 2009 at 4:13 pm (UTC 12 )
Some very wealthy people reckon there are more opportunities in bad times than good.
Matt Nolan says:
May 27, 2009 at 9:49 am (UTC 12 )
@Homepaddock
Indeed – those with the cash can do quite well for themselves. Those with the assets don’t do so well
Cactus Kate says:
May 31, 2009 at 3:09 am (UTC 12 )
Cash always wins. As it should. Over-leveraged borrowers are getting shafted right now and there’s nothing wrong with that.
Market corrections.
Phil (not Goff) says:
June 3, 2009 at 4:05 pm (UTC 12 )
One of the best examples of this is old-world grain producers during especially poor growing seasons.
With demand for grain (ie; food) being relatively inelastic, the per-unit price rise would more than compensate for the lower quantity they could provide to the market.
Did you see the one about . . . « Homepaddock says:
May 30, 2009 at 1:23 pm (UTC 12 )
[...] you see the one about . . . Recessions don’t hurt everyone at The Visible Hand in [...]