Buyers Strike

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Buyers Strike

A situation in which a large number of buyers stop purchasing one or more commodities over an extended period of time in order to reduce the price. For example, everyone in a city may choose to bike to work instead of drive as part of an effort to reduce gas prices. A buyers strike is similar to but distinct from a boycott, which may be undertaken for moral reasons.
References in periodicals archive ?
In Europe the fear is that a similar buyers' strike in Spain or Italy would not be a force for good but would drive the shunned government into a bailout by the EU, the ECB and the International Monetary Fund.
There is no precise threshold for Italian debt sustainability, but the real danger is that the combination of high yields and daunting redemptions early next year will trigger a buyers' strike, meaning investors will desert Italy's auctions.
We're vulnerable to a buyers' strike if we don't get any news.
Smaller and mid cap companies, which tend to have a much higher volatility of earnings, are normally the first to suffer from a buyers' strike.
They see a financial system lacking in transparency and trust, and a complete breakdown of financial architecture with a veritable buyers' strike in the securitized asset market (with no platform yet for standardizing the pricing of securitized assets).
That would seem to be the outcome if all of us went on a buyers' strike.
Alex Scott, of Seven Investment Management, said: "I think we have got something of a buyers' strike.
The buyers' strike continues,'' said Thomas Galvin, chief investment strategist at Donaldson Lufkin & Jenrette.
Their idea to "soak the rich" has actually turned into a buyers' strike vehicle forcing tens of thousands of low and middle income wage earners out of work.
Justin Urquhart Stewart at Seven Investment Management said: 'Healthcare has been the trigger but we are still in a state of a buyers' strike.
It appears we are in a buyers' strike,' said Alan Ackerman, a market strategist at brokerage Fahnestock & Co, as selling accelerated late in the session.
In the stock market there has been a buyers' strike now for some months, which suggests a substantial build up of liquidity which will eventually move from the fixed interest market, especially as interest rates fall away ,and be put to work in equities.