Thursday, February 18, 2010
Riding a Recession
Fishermen know a thing or two about recessions. They call it weather,luck, and greed. Their recession can occurr any time of the year, any year, even when their boats are sitting on dry dock. If weather doesn't interfere with their job, fish runs might. Even with a great catch, the price set in advance by the buyers' cooperatives may end up causing a recession. This year, back in December, the crab catch was excellent. Yet, as time progressed, the catch didn't quite turn out as anticipated.
The price of crab had been set in advance of the season; it was actually a bet on how much crab would be available and how much customers were willing to pay for it.
Farmers know recessions too. They call it weather, infestations/luck, and greed. The cranberry harvest was excellent back in October; but so was the harvest back on the other coast. The price of cranberries was lowered, and the farmers made less this year with a good harvest than last year with a mediocre harvest.
Nobody can control weather or luck.
We can surely try to control the human factor, greed.