Originally Posted by
oldmako
Anyone in this industry who doesn't arrange his finances for the inevitable downturn is foolish. Realization that we're in a cyclical industry is one thing, but caving early is another.
I get that.
But, we need to have more time intervals in between down-turn cycles in order to that effectively. We've had a decent last 4 years. I would appreciate it if we had about 2 more good contracts before we take two to three consecutive bad contracts.
For this industry (for my family) it's looked like this: 1983 to 1996 bad. 1996-2001 improvement. 2002-2007 very bad. 2007-2009 slight improvement. 2009-2012 improvement. 2012 to 2015 good. 2015-2016 very good.
I personally won't vote for another concessionary contract ever again. I have drawn my own line in the sand.