"We know that most
downturns don't last more than a couple years typically and starting to save in this environment can be great because you're essentially buying low and are able to catch that leveraged position and benefit from it when the market does ultimately recover," Rossi said.
The authors write that "a trend in routine biased technological change can lead to job polarization that is concentrated in
downturns, and recoveries from these recessions that are jobless."
First, during a
downturn it's important to maintain a presence in the market--and continuing marketing campaigns shows strength.
We also like MTS which we believe is likely to continue paying high dividends given its low leverage (1.1x net debt/LTM OIBDA in 9M11), the telecom business' resilience to an economic
downturn and that MTS's key shareholder, Sistema (which holds a 53% stake) needs cash to (a) service its debt (it is scheduled to repay $755mn of debt at the holding level in 2012) and (b) fund new investment opportunities.
In a
downturn phase or during an upturn phase in the economy?"
Managing through a deep economic
downturn can be achieved successfully with rigorous involvement and short interval management of the company's operating and financial performance.
How he's surviving this
downturn: While all successful agents know the power of referrals and probably use them frequently, Durette's taken a different approach.
Torto outlined key differences between the last few commercial real estate
downturns: the early 90s decline resulted from overbuilding; the 2001 decline resulted from over-leasing; and today's decline resulted from overpricing.
During the four most recent
downturns, single-family housing starts have fallen at fairly comparable rates.
Along the way, several dynamics have affected the character of the credit markets and will certainly influence the next
downturn:
Although the
downturn of 1990-91 more closely resembled that of the mid-1970s in terms of the magnitude of the long-term unemployment rate--just over 2 percent in October 1992--the rate did not peak until 19 months after the official end of the recession (March 1991).
Even during the recent economic
downturn, it has maintained low, single-digit growth, according to Giving USA, the annual study of U.S.
