globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, January 09, 2014 8:35 PM
In response to Monetary Tectonics: 50 Slides Illustrate Tug of War Between Inflation and Deflation I received an interesting email from reader “David” entitled “Deflationary Anecdotes From the Front Line”
I have a small medical software development business in Ohio. We are tiny. With 25 employees we have no purchasing power.
Yet, in the past 6 months we have gotten huge discounts on our purchases, simply by asking.
1) Our garbage hauling contract came up. We shifted to a smaller container. Our existing supplier quoted us $120/month. A competitor came in at $50/month. Our existing hauler matched the price straight-away. We now pay $50/month. [That’s a 58% reduction]