Fair-to-Good - By Evan Hammonds

re: Fair-to-Good - By Evan Hammonds

Cal — Thu, 07 Oct 2010 11:15:19 GMT

The last line of your column made me "wince', as you state:

"While stallion owners wince at the continued trend in fewer breedings, basic Economics 101 says the reduction of product should increase demand, which hopefully will reduce the number of winces this time a year from now."

Looks like someone wasn't paying attention in that Economics 101 class. A drop in supply, or a "reducton in product" as is stated, certainly does not increase demand. A drop in supply results in an increase in price, which actually the reduces the "quantity demanded". The rise in price is the result of a fall in supply, not the result of an increase in demand.

An honest mistake I am sure and the type of mistake that occurs unfortunately all too frequently, including in the financial press. So no need to feel too bad -- though it doesn't necessarily make me want to run out and subscribe to Market Watch. :)

re: Fair-to-Good - By Evan Hammonds

Tony — Wed, 29 Sep 2010 02:42:19 GMT

These people go out and spend all of that money on a horse,and a lot of time they don,t even break their maiden.If you look around the country most of the stakes horses were not high price yearlings.

re: Fair-to-Good - By Evan Hammonds

Rachel — Fri, 24 Sep 2010 13:29:40 GMT

I've watched a lot of Quarter Horses going through the sales ring...;-)

re: Fair-to-Good - By Evan Hammonds

Big Lou — Wed, 22 Sep 2010 21:54:17 GMT

This is such a difficult business and very few people can say they make any kind of money back.If it was`nt for the well off people and their love of the horse i can see anybody investing on a business that your expected return in your money is so shaky