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mises
Joined: 05 Nov 2007
Location: retired
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it's full of stars
Joined: 26 Dec 2007
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 Posted: Wed Jan 14, 2009 2:13 pm Post subject: |
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Trade got bigger, so the recession got bigger.
What do you think, because of a recession we all go back to cottage industries or start to starve? |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Wed Jan 14, 2009 2:50 pm Post subject: |
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Here's more on the same topic:
Economy starts `09 on weaker footing; outlook dim
WASHINGTON (AP) - The U.S. economy started the new year on weaker footing as recession-shocked Americans retrenched further, forcing retailers to ring up fewer sales and factories to cut back production.
The Federal Reserve's new snapshot of business conditions nationwide, released Wednesday, suggested the country's economic picture has darkened over the last two months. The outlook appears equally dim.
http://www.breitbart.com/article.php?id=D95N3KF83&show_article=1 |
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Bigfeet
Joined: 29 May 2008
Location: Grrrrr.....
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| Posted: Wed Jan 14, 2009 3:14 pm Post subject: |
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Lol, this looks to be a Titanic in the making. I see disaster slowly approaching, and we can do nothing about it.
You know the US' need for cheap gas to fuel their cars these last few decades enabled globalization because you need cheap transport costs.
Another thing is there's now a surplus of transport ships. And SK has the top three shipbuilding companies in the world (or something like that), so you know what that means. Companies will start canceling their order for ships in the future guaranteeing further bailouts needed for SK's shipbuilding industry. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Wed Jan 14, 2009 4:36 pm Post subject: |
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| it's full of stars wrote: |
Trade got bigger, so the recession got bigger.
What do you think, because of a recession we all go back to cottage industries or start to starve? |
Clown. |
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caniff
Joined: 03 Feb 2004
Location: All over the map
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| Posted: Wed Jan 14, 2009 5:21 pm Post subject: |
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| Forgive him/her, for he/she knows not what he/she says. |
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it's full of stars
Joined: 26 Dec 2007
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| Posted: Thu Jan 15, 2009 6:23 am Post subject: |
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| True. I'll get my pointy hat and bugger off back to my village, while you geniuses guide the world to a soft landing. Call me when you've fixed everything. |
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ontheway
Joined: 24 Aug 2005
Location: Somewhere under the rainbow...
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| Posted: Thu Jan 15, 2009 8:33 am Post subject: |
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Brilliant!
Thanks for posting this.
This is a brilliant analysis of the current situation. Everyone should read it. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Jan 15, 2009 11:15 am Post subject: |
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| it's full of stars wrote: |
| True. I'll get my pointy hat and bugger off back to my village |
Since my post had nothing to do with "cottage industries" or "starving", you might be wise to do so. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Fri Jan 16, 2009 10:32 am Post subject: |
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http://news.bbc.co.uk/2/hi/business/7834250.stm
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US retailer Circuit City to close
US electronics retailer Circuit City is to close after failing to reach a deal with its creditors and lenders, with the loss of 30,000 jobs.
Liquidators will now sell off the firm's assets. The announcement comes two months after the firm was forced to seek bankruptcy protection.
Some 567 Circuit City stores will now shut for the last time. About 155 stores had already closed in December.
Circuit City vice chairman James Marcum said the decision was "regrettable".
'Extremely disappointed'
The firm had seen sales slump as it lost ground to larger rival Best Buy and was hit by the general slowdown in US consumer spending.
"We are extremely disappointed by this outcome," said James Marcum, vice chairman and acting president and chief executive.
"The company had been in continuous negotiations regarding a going concern transaction.
"Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable to reach an agreement." |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Fri Jan 16, 2009 7:54 pm Post subject: |
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30,000 Circuit City employees losing their jobs. That's another straw on the back of this sick camel:
http://www.wfpl.org/CMS/?p=3264 |
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kotakji
Joined: 23 Oct 2006
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| Posted: Fri Jan 16, 2009 8:39 pm Post subject: |
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| I expected to see Circuit City go under oh, 20 years ago. Seriously one of the worst run chains. Their stores are dungeon-like in atmosphere. The three times Ive gone there for specific products advertised on sale as 'first day arrivals' the item hadn't arrived or was not stocked (and the staff didn't seem interested in getting a copy from the backrooms when they simply weren't stocked). Radio Shack and K-mart are two other chains that seem to survive in spite of themselves. |
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Jandar
Joined: 11 Jun 2008
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Fri Jan 16, 2009 10:30 pm Post subject: |
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| kotakji wrote: |
| Radio Shack and K-mart are two other chains that seem to survive in spite of themselves. |
You're so right. Radio Shack is so 70s yet they survive! But don't even get me started on K-Mart. In the late 90s, I was managing two fleets of drivers for a large trucking company in Atlanta. One fleet was dedicated specifically to Wal*Mart and the other was a K-Mart dedicated fleet. The Wal*Mart freight was all drop and hook to and from the rail and the drivers would move the freight as efficiently as they could legally log it. With the K-Mart fleet, it was live unload with anywhere from three to six or seven K-Mart stores in Kentucky on each trailer. The drivers would almost always get held up at their first K-Mart store which put them behind for all of the other K-Mart store delivery times. I would generally call the store to find out what time they would be getting out of there and could rarely get a straight answer. If they said an hour, it would usually end up being three hours or more. The other K-Marts would have to "work in" our trucks around their other unloads even though they were having to pay us detention time. K-Mart wasted so much money on detention pay that their logistics management should've been completely replaced on that alone. I never managed a Target fleet, but I had drivers who hauled many of their loads and can say that Target's logistics and transportation departments are well-organized. |
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