Originally Posted by mliponoga
Horses like you described is what brings down the market now. When you can buy a horse that's worth $2000 for $300 because someone let's say lost their job and can't afford them anymore that's when the market turns. When people finally start putting the right price tags on these horses is when the market can come back. But luckily these people do let them go cheap before they are starved, turned to slaughter, etc.
This is such an interesting point and has a lot of merit, I had never thought of it like this! How on earth does the horse market tackle that issue when it is such a large scale problem? Or does it just take time to recover like everything else? Do we wait for an improvement in consumer confidence or jack prices up to improve the market? I will certainly be consulting my economics professor in a month when I return to college on this one!