Swiss Economicblogs.org
If you’re an American over a certain age, you remember roller skating rinks (I have no idea if it caught on in other countries). This industry boomed in the 1970’s disco era. However, by the mid 1980’s, the fad was fading. Imagine running a rink company at the end of the craze. You know it is not going to survive for long. How do you operate your business? You milk it. You spend nothing on capital improvements, slash maintenance, and reduce operating expenses. There’s no return on...
Read More »The Economy is in Liquidation Mode
