Comments on: Evidence that we should freak out, episode I http://rc3.org/2008/10/10/evidence-that-we-should-freak-out-episode-i/ Strong opinions weakly held Fri, 12 Mar 2010 01:43:45 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Matt Haughey http://rc3.org/2008/10/10/evidence-that-we-should-freak-out-episode-i/comment-page-1/#comment-3134 Matt Haughey Sun, 12 Oct 2008 07:16:31 +0000 http://rc3.org/?p=8583#comment-3134 <p>There are <a href="http://www.slowtwitch.com/Features/Will_the_credit_crisis_affect_the_bike_business__551.html" rel="nofollow">rumblings</a> that the entire bike shop industry in the US is based on these short-term (<12mo) credit accounts between bike shops and every manufacturer. When you buy a bike in a shop today, it turns out the owner of the shop didn't pay for it already but instead took it out on some credit that he'll have to pay back in the spring.</p> <p>With the banking system in peril, those short term loans are dried up and every shop in the country is going to have to rethink how they do business.</p> There are rumblings that the entire bike shop industry in the US is based on these short-term (<12mo) credit accounts between bike shops and every manufacturer. When you buy a bike in a shop today, it turns out the owner of the shop didn’t pay for it already but instead took it out on some credit that he’ll have to pay back in the spring.

With the banking system in peril, those short term loans are dried up and every shop in the country is going to have to rethink how they do business.

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