Things are getting very interesting...
Massive amounts of layoffs and plant closings in the steel industry are beginning to make things challenging at work.
So far, we still appear to be on track to handle the same amount of sales as last year (projections lowered from growth of 50%+ to "flat"). At first, the plunging prices made me pretty pleased as a buyer...now with fewer places making money producing what I need and just *stopping* production, the squeeze will be on, and prices are likely to shoot back up soon as surplus disappears and demand catches up.
Here is a neato little measuring stick for measuring economic misery:
http://www.forbes.com/2008/11/17/layoff-tracker-unemployement-lead-cx_kk_1118tracker.html
So far, we still appear to be on track to handle the same amount of sales as last year (projections lowered from growth of 50%+ to "flat"). At first, the plunging prices made me pretty pleased as a buyer...now with fewer places making money producing what I need and just *stopping* production, the squeeze will be on, and prices are likely to shoot back up soon as surplus disappears and demand catches up.
Here is a neato little measuring stick for measuring economic misery:
http://www.forbes.com/2008/11/17/layoff-tracker-unemployement-lead-cx_kk_1118tracker.html