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Depression proof industries.
Posted on 2/19/09 at 8:52 am
Posted on 2/19/09 at 8:52 am
Is there such a thing? For the first time in my adult life, I'm getting very, very nervous about my employment opportunities. I'm currently in a Oil & Gas related job, and if things get any worse, I'm fricked. Lafayette's economy unfortunatly is joined at the hip with the O & G industry, and as it goes, so does Lafayette. It has a huge ripple effect over here. I don't know of any business that won't be affected except maybe the medical business. Any ideas? 
10
Posted on 2/19/09 at 8:57 am to jmtigerfan
Barbers and Booze.
Posted on 2/19/09 at 9:06 am to jmtigerfan
IT and health care.
Posted on 2/19/09 at 9:08 am to BlackHelicopterPilot
quote:I cut my own hair now (buzzcut), but I do like my bourbon! I did read that booze is pretty recession proof, but what about depression proof?
Barbers and Booze.
Posted on 2/19/09 at 9:09 am to jmtigerfan
quote:
maybe the medical business
Not so, while there will always be the need for medical, the dollars may not be there, as people loose jobs, they loose insurance, if they keep their jobs copays and deductibles become harder to make so people stay away from doctors until it too late
Posted on 2/19/09 at 9:14 am to Tigerpaw123
quote:Very true. I rarely go to the doctor, (and I have insurance) unless I feel bad enough. I imagine if I could'nt afford a doctor visit, I would go even less.
people stay away from doctors until it too late
Posted on 2/19/09 at 9:14 am to jmtigerfan
Funeral parlors. Military and law enforcement contractors.
Posted on 2/19/09 at 9:15 am to jmtigerfan
soup kitchens.
Posted on 2/19/09 at 9:15 am to jmtigerfan
Everything is affected, it's just some things like the medical field aren't affected to the extent of others.
Posted on 2/19/09 at 9:17 am to Colonel Hapablap
poo poo! I was seriously think of buying a business cleaning septic tanks and grease traps for this exact reason. no matter the economy people will always have to crap.
Posted on 2/19/09 at 9:20 am to FriscoKid
quote:
Depression proof industries.
Foreclosure companies
Posted on 2/19/09 at 9:43 am to bzss7x
quote:
IT
Not so.
IT is very, very, very susceptible to economic downturns,
Posted on 2/19/09 at 10:06 am to jmtigerfan
quote:
Depression proof industries.
Kraft (macaroni and cheese)
Posted on 2/19/09 at 10:08 am to TigerDeacon
Oh and gun shops.
Posted on 2/19/09 at 10:15 am to BlackHelicopterPilot
quote:
Booze
quote:
But something was very, very different in the fourth quarter of 2008. Sales of alcohol for off-premises consumption were down by 9.3 percent from the previous quarter, according to the Commerce Department. This is absolutely unprecedented: the largest previous drop had been just 3.7 percent, between the third and fourth quarters of 1991.
Beer accounts for almost all of the decrease, with revenues off by almost 14 percent. Wine and spirits were much more stable, with sales volumes declining by 1.6 percent and 0.9 percent respectively.
LINK
Posted on 2/19/09 at 10:20 am to jmtigerfan
My father in law is a lawyer in south Florida who does alot of bankruptcy work. Business is getting better for him now, following a slump after they changed the bankruptcy laws a few years back. He's also doing a lot of commercial foreclosure work (mainly land, not properties)
Posted on 2/19/09 at 10:32 am to Decatur
Wow! Shocking! 
Posted on 2/19/09 at 10:43 am to BlackHelicopterPilot
quote:
Booze.
I talked with a lady who owns two upscale liquor (wine and wine tastings, small brewery beers etc) stores if her business has held up. She said if anything its improved. People will drink at home instead of going out, but they will still drink...
Posted on 2/19/09 at 10:48 am to jmtigerfan
Hudson Capital Partners. check them out.
Posted on 2/19/09 at 11:02 am to prplhze2000
People like to say booze is recession proof, but I don't buy it. In the last few years a lot of the increase in alcohol sales hasn't been in volume, it's been in price as Whole Foods shoppers buy their $30 bottles of wine and microbrews. It's real easy to replace those expensive drinks with E&J Gallo and Bud Light while still getting your buzz on.
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