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Old 08-24-2015, 07:47 AM
Alan B Alan B is offline
Join Date: Jan 2008
Location: tampa, fl
Posts: 381
Expect a slight reduction in business

...or at least a softening of customer eagerness.

As you know the stock market has been plunging (the market dropped over 3% just on Friday, and lots of the widely held stocks like Apple, Amazon, Google lost 5-6% just on Friday). It's likely we will see further corrections. Today China's stock market had its biggest crash since 2007 losing 8%. The Fed was hinting it would raise rates this Fall which would not only slow down the financial markets but would also result in an increase in mortgage rates which in turn will slow down housing transactions.

With financial uncertainty some customers may pull back from discretionary spending.
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Old 08-24-2015, 10:05 PM
Irrigation Contractor Irrigation Contractor is offline
LawnSite Senior Member
Join Date: Nov 2011
Location: South East
Posts: 319
Agreed. This is one of the reasons we have been fighting company growth. (15 employees to 22) I am not a economist or a financial analyst, but after 08 I have always been worried it is coming again and maybe worse.

We have increased staff and some equipment, but maintained a manageable level by raising prices. It is hard to fight that urge to grow and grow.

I feel we are not the only one and most I talk to have the same thoughts.
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Old 08-25-2015, 08:41 PM
Chris J Chris J is offline
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Join Date: Sep 2006
Location: Maldive Islands
Posts: 2,500
I saw that on the news today and I cringed. Interest rates will be raised for the first time in 7 years, they said. This will definitely hurt all trades, especially those of us who are in this type of specialty trade which relies heavily on those with discretionary income. Let's hope we don't have to go through another depression similar to the one beginning in 2008.
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