What is Recession?

This Story is about a man who once upon a time was selling Hotdogs by the roadside.
He was illiterate, so he never read newspapers. He was hard of hearing, so he never listened to the radio..
His eyes were weak, so he never watched television. But enthusiastically, he sold lots of hotdogs.
He was smart enough to offer some attractive schemes to increase his sales. His sales and profit went up.
He ordered more a more raw material and buns and use to sale more. He recruited few more supporting staff to serve more customers.
He started offering home deliveries. Eventually he got himself a bigger and better stove.
As his business was growing, the son, who had recently graduated from College, joined his father.
Then something strange happened.
The son asked, “Dad, aren’t you aware of the great recession that is coming our way?” The father replied, “No, but tell me about it.” The son said, “The international situation is terrible. The domestic situation is even worse. We should be prepared for the coming bad times.”
The man thought that since his son had been to college, read the papers, listened to the radio and watched TV. He ought to know and his advice should not be taken lightly. So the next day onwards, the father cut down the his raw material order and buns, took down the colourful signboard, removed all the special schemes he was offering to the customers and was no longer as enthusiastic.
He reduced his staff strength by giving layoffs. Very soon, fewer and fewer people bothered to stop at his hotdog stand. And his sales started coming down rapidly, same is the profit.
The father said to his son, “Son, you were right”. “We are in the middle of a recession and crisis. I am glad you warned me ahead of time.”

Moral of The Story : Its all in your MIND! And we actually FUEL this recession much more than we think


5 Responses to “What is Recession?”

  1. Sharni Says:

    Very nice. Story really has a Moral. Congrats!!

    May this recession not touch us and let it pass on …

  2. Mike Says:

    Just passing by.Btw, your website have great content!

    Making Money $150 An Hour

  3. aeliya Says:

    Good story!
    You are nothing but a product of your dreams. What you think, that you become.

  4. Economist Says:

    If people were buying hotdogs on credit by leveraging their homes would it still just be in our mind? The economy functions in a REAL way. There is some truth to what you say but the issue is much more complicated. For instance most economic recessions involve the transfer of resources from inefficient areas of the economy (think American Automobile Manufacturers) to other areas of the economy (new innovations). This is a natural part of the business cycle if we accept that the demands of our society change over time.

  5. Myrtle Magni Says:

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