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04/21/2006: "Our Businesses and the Hard Times Which May Be at Hand."

Texans are going to pawn shops to get money to pay for gas. Pumps have gone dry at some stations around the country. Gas is at $4.04 in Beverly Hills as I write this and hovering just under $3.00 in most of the country and oil is at $75 a barrel. How will this effect our businesses? Are we going into an economic decline? I'll post some thoughts and ideas during the next few days on how we can deal with this issue as it worsens. I'll dig up some of the best economic thinking I can find. This change in the course of events will effect our businesses and our income and how we should operate when people aren't buying anything because they can't afford to.

As a student of The Great Depression and Mr. Roosevelt's folly regards that period, I'm amazed at the similarities.

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