
Ep. 1988 How to Navigate the Fed's Boom/Bust Cycle
The Tom Woods Show
00:00
How to Deal With a Downturn in the Economy?
You have to know what sect you're in and how that secttor historically, has been sent to the business cycle. Small businesses tend to work on very thin margins, and they may not have a lot of liquidity. You want to buy up sets of competitors that may go bank rupt during down turn. If i sell macaroni and cheese, maybe i'll sell more of that during down times because people are buying cheap food.
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