Extremely well-written. Thanks.
Thank you.
I don’t remember if it was Drucker that wrote about negative business trends being self-reinforcing or not, but the idea is one I have been thinking of for days now. A downturn becomes self-fulfilling and intensifies without intervention/direct correction.
I’ve read on here that a few of the major Red Chinese shipping corporations have nearly halved the number of tankers/ships sailing out with goods. I also read that over 2600 Chinese factories have stopped their output/closed, but I don’t know the percentage of companies that is. The number of ships with goods setting out for other countries, namely the US, gives you pause, but the knowledge we have about business cycles and the present foolishness politicians have gotten us into can be met with pessimism or optimism; it’s our choice, and one we are going to have to make consciously, since Obama is outclassed by capitalism.
We can discuss the stories of incidents of shopping on here, but all of us would agree that something is in the wind, like knowing in your bones when it’s going to snow.