The camping industry is going to be hit hard
Just think of all the unsold units in stock. Also think of all the for sale by owner units out there. Now factor in the individuals who won't have any income or expendable cash for a while. It will ...
Forum Discussion
I was not going to join in here, but I now feel that I should. This is not my first rodeo, the last was very memorable and ended just a little shy of ten years ago.
Remember when the administration took control of two car companies that were not doing real well and forced them into bankruptcy? Well, for a while there Michigan had a 30~40% unemployment. The big organized labor people didn't hurt to bad, but when they bankrupted those two, a lot of the first tier (companies that sell directly to OE) either had to shut down hard or go out of business altogether. The way the OE works is nobody gets paid for what they deliver for 60~90 days in good times. Only a few had the resources to survive that. With a hit like that, the area became a ghost town. Literally hundreds of small business not directly related to OE folded. Without the cash flow lots of bars, restaurants and service businesses died. We have only just recovered from that calamity.
Demand for my services doing specialty work on racing sloops completely disappeared over night. I went from having to prioritize client's requests to nothing and even cancellation of some larger jobs over night. That is the nature of a business dependent on discretionary spending. I was ready.
Now, we are at it again. What I am expecting is that much like last time, there will be a big pent up demand when the cork gets pulled. This will have only been a couple of months when things reopen here. Governess will do here best to retain the depression because that is her party's line. This is why she is treating the whole state like it is Detroit. That is why she wanted to lock things down for another 2 months, but the legislature didn't buy it. They aren't alone. This afternoon there were literally thousands of cars in the area of the capitol in Lansing to protest the state wide quarantine when the only hot area is the heavily urban areas.
Remember when the administration sought to punish us all to get the over inflated budget by closing things that cost more to close than it would to leave them open? Because of the length and depth of that depression, things did not come back like gang busters as it was on the heals of the first. But they did come back. Yes many smaller shops did not, but small shops close all the time.
If things are allowed start to reopen with the first May, I am expecting a "Katy - Bar the Door" recovery. Not everybody will be riding that wave. Several local businesses have already pulled down the shingle and put up the realtor tag. This has recently been a "Help Wanted" state, and it will come back to that as soon as it is allowed to do so.
Yes, this will be remembered as a hard time, but we have to remember that it all had a clearly identifiable cause and we need to remember what they did to us and how they did it.
Matt
Remember when the administration took control of two car companies that were not doing real well and forced them into bankruptcy? Well, for a while there Michigan had a 30~40% unemployment. The big organized labor people didn't hurt to bad, but when they bankrupted those two, a lot of the first tier (companies that sell directly to OE) either had to shut down hard or go out of business altogether. The way the OE works is nobody gets paid for what they deliver for 60~90 days in good times. Only a few had the resources to survive that. With a hit like that, the area became a ghost town. Literally hundreds of small business not directly related to OE folded. Without the cash flow lots of bars, restaurants and service businesses died. We have only just recovered from that calamity.
Demand for my services doing specialty work on racing sloops completely disappeared over night. I went from having to prioritize client's requests to nothing and even cancellation of some larger jobs over night. That is the nature of a business dependent on discretionary spending. I was ready.
Now, we are at it again. What I am expecting is that much like last time, there will be a big pent up demand when the cork gets pulled. This will have only been a couple of months when things reopen here. Governess will do here best to retain the depression because that is her party's line. This is why she is treating the whole state like it is Detroit. That is why she wanted to lock things down for another 2 months, but the legislature didn't buy it. They aren't alone. This afternoon there were literally thousands of cars in the area of the capitol in Lansing to protest the state wide quarantine when the only hot area is the heavily urban areas.
Remember when the administration sought to punish us all to get the over inflated budget by closing things that cost more to close than it would to leave them open? Because of the length and depth of that depression, things did not come back like gang busters as it was on the heals of the first. But they did come back. Yes many smaller shops did not, but small shops close all the time.
If things are allowed start to reopen with the first May, I am expecting a "Katy - Bar the Door" recovery. Not everybody will be riding that wave. Several local businesses have already pulled down the shingle and put up the realtor tag. This has recently been a "Help Wanted" state, and it will come back to that as soon as it is allowed to do so.
Yes, this will be remembered as a hard time, but we have to remember that it all had a clearly identifiable cause and we need to remember what they did to us and how they did it.
Matt
