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#11 |
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Thinking about the whole chain reaction financially about Gulf coast people. You are a fishing company or charter business and there are the losses in income. Then, no checks from BP (or a fraction of what you are losing). As most of us do when maoney is tight, we stop services, don't buy anything that is non-essential. So, if you pay a gardener, you stop that service. He or she loses many of their customers. The local market you shop in begins to feel business slowing. You stop your cable or even internet. No more new clothes or going out to dinner or taking in a movie. Forget those home improvements you wanted to do. The folks that work in all related industries are affected in this chain. The company that cans your fish lays off workers. Boats are docked, employees laid off. Recreational and vacation businesses are seeing huge losses. On and on. And this in the midst of the biggest recession for decades and after hurricanes that the recovery for haver not been fully reached! So, when it hits more state bays and beach areas.....
Now.... look at the goods and services that depend on the goods and services of the gulf fare in this that are not even in the Gulf! Last edited by AtLast; 06-10-2010 at 12:40 AM. |
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