Thursday, February 19, 2009

Spend or Save

In the current economic condition, is it wise to spend or save? While some advocate "save" in times of trouble, others suggest "spend" to get out of the same troubled times.

Here is an interesting case I came across recently.
A company asks its employees to stop using the big courier services and use the cheaper govt run postal service for all its postal needs. This way it hopes to cut cost.
This case leaves me with the following possibilities and questions.
  1. If the size of the company is small (in terms of its postal needs), the courier folks haven't lost much, but what if most small companies adopt this cost cutting measure.
  2. If the size of the company is big (in terms of its postal needs), the courier folks are looking at some serious loss of business, forcing them to a few cost cutting measures of their own.
  3. Is cheap better only during economic crisis? Will the company return to courier services once the situation improves?

Tuesday, February 10, 2009

Senate passes the stimulus bill !!

Updating my blog within minutes of the Stimulus bill being passed in the senate!!