Tag Archives: Recession

It’s time to stop “duckin’ bullets”

By Peter Granata, President, Granata Design and the Marine Design Resource Alliance — There's a new bandwagon pulling into town, and if you're too busy ducking bullets you may not notice it. If you hang around the boating industry long enough, you're bound to experience a cyclical downturn. This most recent version has to be the worst since 1980, and ...

Read More »

Finding the right answers

Denny Hecker is widely known in the Minneapolis/St. Paul-area. A long-time auto dealer based here in the Twin Cities, Hecker's career changed abruptly this year when, under the pressure of the economy, his numerous area businesses collapsed dramatically. Over the course of the last few months, Hecker's empire has come crashing down around him in unimaginable fashion. According to the ...

Read More »

Overcoming instinct

As evolved as humans are, there's still plenty of evidence that we're driven in part by animal instincts. Just look at our reaction to the threats posed by the downturn. Many of us, like possums, have responded by curling up and playing dead. We've cancelled all unnecessary activities, we're spending as little money as possible to keep the business alive, ...

Read More »

Alphabet of the recovery

Add another letter to the alphabet economists have created to try and predict the economic recovery. I was familiar with the "V-shaped" pattern historically followed during most downturns - a sharp decline followed by a quick rebound - as well as alternatives that more closely resembled "U" or "L" - the latter being a period of sustained stagnation. But some ...

Read More »

When will it end?

Of all the talk about this recession, there's one question, of course, that no one can really answer: When will it end? But the most important question to our businesses right now may be: Has it already ended? The answer to that, according to a news report I read last night, might surprise you. Some experts believe that our economy ...

Read More »

The Beige Book’s outlook

At the Marine Dealer Conference & Expo last November, Brunswick CEO Dusty McCoy said [and I'm paraphrasing here] that while many of the recessions the U.S. economy has endured in the past are V-shaped (the economy drops quickly, bottoms out, then rebounds steeply as well) he expects our current recession will be more U-shaped - meaning we won't experience that ...

Read More »