Turamber
Part of the furniture
- Joined
- May 15, 2004
- Messages
- 3,558
The recession is rooting out bad businesses.
At some critical point that becomes untrue. The lack of jobs, lack of confidence in the economy can drive things on a downward spiral that kills good businesses too.
A lot of my clients are suffering declining sales and declining profit margins at the same time that the Banks are squeezing them to reduce overdrafts. Not all of them are "bad businesses".
If a soundbite sounds too simple to be true it isn't true.