Comments on: Business Fail Because of Banks and Credit Card Companies? C’mon. http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/ A Good Christian Raisin' and a Eighth Grade Education Fri, 11 Dec 2009 02:24:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Konferens Stockholm http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3959 Konferens Stockholm Tue, 24 Feb 2009 07:05:05 +0000 http://www.itfrom.us/?p=1253#comment-3959 Interesting review. And yup, agree with you and the comments. Its not the banks and credit card companies. It's a financial policies that brought her down. And blaming banks and credit card companies is totally not acceptable. If she wants to get back up she should fight back and stand back up. without crying over spillt milk. Interesting review. And yup, agree with you and the comments. Its not the banks and credit card companies. It’s a financial policies that brought her down. And blaming banks and credit card companies is totally not acceptable. If she wants to get back up she should fight back and stand back up. without crying over spillt milk.

]]> By: Tina @ Low Book Sales http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3883 Tina @ Low Book Sales Tue, 03 Feb 2009 17:52:56 +0000 http://www.itfrom.us/?p=1253#comment-3883 I totally agree with you. It's true that the present economic crisis is affecting all kinds of businesses. But if she thought a little bit more about her future this wouldn't have happened. Now she's blaming everyone else for her business failures. It's very good that you posted this story. It's a good lesson for all of us. I totally agree with you. It’s true that the present economic crisis is affecting all kinds of businesses. But if she thought a little bit more about her future this wouldn’t have happened. Now she’s blaming everyone else for her business failures. It’s very good that you posted this story. It’s a good lesson for all of us.

]]> By: Stacy @ Local Florists http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3878 Stacy @ Local Florists Tue, 03 Feb 2009 08:11:54 +0000 http://www.itfrom.us/?p=1253#comment-3878 That's not fair. Not fair at all. You can never blame anyone else if you have failed yourself first. Its not correct at all. And Cindy needs to understand that. either the easy or hard way. Nice write-up sadcox. An interesting read. That’s not fair. Not fair at all. You can never blame anyone else if you have failed yourself first. Its not correct at all. And Cindy needs to understand that. either the easy or hard way. Nice write-up sadcox. An interesting read.

]]> By: Trade Credit http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3863 Trade Credit Fri, 30 Jan 2009 03:34:28 +0000 http://www.itfrom.us/?p=1253#comment-3863 Nice work sadcox. completely agree with you review. The only for your downfall of your business is yourself. Considering Cindy she is the one who led to the downfall of her business. You cant blame anyone else. nice article. Cheers Nice work sadcox. completely agree with you review. The only for your downfall of your business is yourself. Considering Cindy she is the one who led to the downfall of her business. You cant blame anyone else. nice article. Cheers

]]> By: Rob http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3474 Rob Thu, 30 Oct 2008 16:49:55 +0000 http://www.itfrom.us/?p=1253#comment-3474 yes, to the latter, the decreased demand due to increased price, lead to price decrease, but that was after the fact of...increased demand due to decreased supply that the oil companies/refineries created in the first place when they chose to cut back on supply by reducing the amount of gas produced/refined, which happened to be right before the hurricane that supposedly did the damage. therefore they self imposed low supply in order to drive up demand and cost. it's not like we have not been through this before...i dont recall actually disagreeing with the laws of supply and demand, i just disagree that that is not an issue. Big oil refineries (major political party contributors) playing games with supply and demand and no gov't oversight that i'm aware of...that does affect small businesses...both parties guilty one way or the other, and i'm not smart enough to know what the solution is... yes, to the latter, the decreased demand due to increased price, lead to price decrease, but that was after the fact of…increased demand due to decreased supply that the oil companies/refineries created in the first place when they chose to cut back on supply by reducing the amount of gas produced/refined, which happened to be right before the hurricane that supposedly did the damage. therefore they self imposed low supply in order to drive up demand and cost. it’s not like we have not been through this before…i dont recall actually disagreeing with the laws of supply and demand, i just disagree that that is not an issue. Big oil refineries (major political party contributors) playing games with supply and demand and no gov’t oversight that i’m aware of…that does affect small businesses…both parties guilty one way or the other, and i’m not smart enough to know what the solution is…

]]> By: sadcox http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3473 sadcox Thu, 30 Oct 2008 16:27:49 +0000 http://www.itfrom.us/?p=1253#comment-3473 @Rob I'll play along... If there is only one supplier of water or collusion amongst suppliers to fix the price, then yes, that fits the definition of gouging. But then that's a different conversation that the one we're having here, isn't it? My point is that the behavior that you yourself observed (decreased demand due to price, drop of price due to decreased demand) demonstrates that this was not an example of gouging. @Rob
I’ll play along…

If there is only one supplier of water or collusion amongst suppliers to fix the price, then yes, that fits the definition of gouging.

But then that’s a different conversation that the one we’re having here, isn’t it?

My point is that the behavior that you yourself observed (decreased demand due to price, drop of price due to decreased demand) demonstrates that this was not an example of gouging.

]]> By: Rob http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3472 Rob Thu, 30 Oct 2008 16:22:50 +0000 http://www.itfrom.us/?p=1253#comment-3472 only if you agree that selling bottled water at $5/gal. after a major disaster is not price gouging. In that case, it's just capitalism as its best... only if you agree that selling bottled water at $5/gal. after a major disaster is not price gouging. In that case, it’s just capitalism as its best…

]]> By: sadcox http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3471 sadcox Thu, 30 Oct 2008 16:15:13 +0000 http://www.itfrom.us/?p=1253#comment-3471 @Rob, So you agree that there is no price gouging, only suppliers and consumers reacting to one another and achieving a balance in the form of a price consumers are willing to pay for a product suppliers are selling? Good. @Rob,
So you agree that there is no price gouging, only suppliers and consumers reacting to one another and achieving a balance in the form of a price consumers are willing to pay for a product suppliers are selling?

Good.

]]> By: Rob http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3469 Rob Thu, 30 Oct 2008 14:32:18 +0000 http://www.itfrom.us/?p=1253#comment-3469 3 quarters of Econ 1010 learnt me gud! 3 quarters of Econ 1010 learnt me gud!

]]> By: sadcox http://www.itfrom.us/2008/10/business-fail-because-of-banks-and-credit-card-companies-cmon/comment-page-1/#comment-3468 sadcox Thu, 30 Oct 2008 14:16:26 +0000 http://www.itfrom.us/?p=1253#comment-3468 @Rob I can't agree more with your analysis. <i> do believe they know just when to drop the prices based on decreased sales or whatever studies they use. Hell, it’s not my business, but even I can assess when people have had enough and when traffic flow decreases on the roads and when the environment is totally frustrated and starting to adapt to their situation and cut back on driving and start car-pooling… as soon as these things start to happen, drop the prices and raise morale.</i> Don't look now, but you just accurately described exactly how supply and demand works. @Rob
I can’t agree more with your analysis.

do believe they know just when to drop the prices based on decreased sales or whatever studies they use. Hell, it’s not my business, but even I can assess when people have had enough and when traffic flow decreases on the roads and when the environment is totally frustrated and starting to adapt to their situation and cut back on driving and start car-pooling… as soon as these things start to happen, drop the prices and raise morale.

Don’t look now, but you just accurately described exactly how supply and demand works.

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