The hospitality industry be the first one to get killed
dow jones
- Thread starter Jkloc420
- Start date
Up In Smoke
Well-Known Member
My generic definition would be an economic period of low consumer demand that both drives down the cost of goods and services as well as company profits. This period would cause employers to scale back wages and benefits as well as capital investments into their existing operations. Prolonged recession would cause high unemployment, mortgage defaults and bankruptcies.
Up In Smoke
Well-Known Member
Simple interest savings rates in 1971 were north of 8% and steadily grew throughout the decade, hitting 14.5% a couple times. Why would anyone invest in the market with those kind of savings returns. If I were getting 10% annual return on investment outside the stock market, I would never trade another stock. Dividends helped the 70s investor, but not enough to make the market grow.
Jkloc420
Do you need an air compressor or tire gauge
Look again
newfie
Well-Known Member
whats going to be interesting is to see how this affects the door dash type business model.
do more people order at home to avoid the high cost of gas and to avoid the higher cost of eating out.
And how much are they going to have to charge to make a good profit with record high gas prices.
People might not even have the money for doordash.
UnionStrong
Sorry, but I don’t care anymore.
The door dash drivers won’t do it
Jkloc420
Do you need an air compressor or tire gauge
I really don't think they make that much money
Thebrownblob
Well-Known Member
They might’ve made a reasonable amount before gas was five dollars a gallon and the price of cars skyrocketed. Now they’re ruining their personal vehicles with miles and making much less I don’t know why anyone would do it.
Wally
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UnionStrong
Sorry, but I don’t care anymore.
They won’t
Up In Smoke
Well-Known Member
Door Dash, Uber Eats and Eat Street sign contracts with the retailer for a percentage of the sale. Their contracts are typically 6 months to a year at the rate agreed upon. The retailer would be the one to adjust the pricing to cover their costs and profitability.
And if it gets too expensive nobody's going to buy it
Up In Smoke
Well-Known Member
That's Free Market Capitalism.
Up In Smoke
Well-Known Member
My wife and I have a tiny stake in Eat Street. The brain child of a couple UW Madison students who approached our Private Equity Group back in 2012 looking for guidance and some start up financing. I think our group was one of dozens of investors at that time.
That's not good...
