Spending during a downturn
It's alright to say keep spending in a downturn but the money has to come from somewhere. It may take longer for a business to go broke in a downturn but if they keep borrowing money as sure as eggs they'll go broke.
And where does that leave the workers? Up a creek without a paddle? It's a balancing act in a downturn. You sure don't keep borrowing money to keep up the quotas. You cut back on costs just enough so you keep the business running and staff employed to hopefully ride it out. (Abridged)
Gavin Muir
Rotorua
Pink Paint
Last week the Ranolf St end of Victoria St was closed off to allow for the painting of a pink strip across the end of Victoria St.