Comments on: Global Manufacturing Collapse

By: How the Common Man Sees It

How the Common Man Sees It — Sun, 04 Jan 2009 05:51:35 +0000

I guess on the positive side no one has a job in manufacturing any more so who really gets hurt here?(end sarcasm)

Does this mean the price of being poor is coming down as all those manufacturers compete for customers or is this just going to be an excuse to cut the wages all the more?

By: constantnormal

constantnormal — Sun, 04 Jan 2009 02:00:17 +0000

@ Mannwich — I agree. Once you start talking trillions instead of billions, a lotta stuff becomes possible (regardless of whether it is wise or practical) that was previously inconceivable.

OTOH, I fail to see how the USofA stays solvent in that poker game. Maybe insolvency is part of the plan.

By: Mannwich

Mannwich — Sun, 04 Jan 2009 01:00:20 +0000

Me-thinks far too many are following prior recessionary playbooks and are blithely assuming the same thing will play out here.

Either that or they’re just talking their book and lying to the sheeple……..AGAIN.

By: DL

DL — Sun, 04 Jan 2009 00:30:43 +0000

Steve Barry @ 7:01

Maybe Israel will give a temporary boost to QID and USO.

By: DL

DL — Sun, 04 Jan 2009 00:28:42 +0000

constantnormal @ 7:14

They’ll listen to his analysis, but probably not his advice.

(Volcker is no fan of large deficits, or of a weak dollar).

By: constantnormal

constantnormal — Sun, 04 Jan 2009 00:14:55 +0000

What has happened to Paul Volcker? Did they lock him in a conference room after they trotted him out as “head of some obscure team”?

I cannot imagine Tall Paul willingly going along with the utter nonsense that has been proposed …

By: Steve Barry

Steve Barry — Sun, 04 Jan 2009 00:01:38 +0000

I think we are at a crossroads Bruce…the market is rallying, on putrid volume, because some feel this is like most recent recessions and it is about to turn around. I don’t see how that could be correct, given the mountain of debt we sit on…it is Mount Everest. So there is going to be a rude awakening this week. I foresee massive earnings warnings (the qtr is over) , terrible NFP and hedge funds will be blowing up left and right.

By: Bruce in Tn

Bruce in Tn — Sat, 03 Jan 2009 23:31:36 +0000

Barry,

Just got in from hiking, and going out to supper with friends, but there is another very troubling feature to the ISM number…

http://briefing.com/Investor/Public/Calendars/EconomicReleases/napm.htm

The prices paid element has gone from 77 in August to 18 in December…I realize that much of that could be the commodity bust and gas price declines, but when I think about it at length it seems to me if company B sells to company A in August for 77 and pricing power is now 18, this is an awful sign. Not only has pricing power collapsed, but in the long run company A must sell to company C, etc….it is all a big virtuous family who sells to each other…and 77 to 18 tells me that many sales must not have profit associated with them.

Probably just too much fresh air today…….

By: danm

danm — Sat, 03 Jan 2009 23:07:58 +0000

Obviously the bottom is in and “the recovery is underway” (according to Dennis Kneale).
—————
Someone prove to me that an Alt-A problem does not exist and I’ll believe that a bottom is near.

By: DL

DL — Sat, 03 Jan 2009 23:07:37 +0000

Dr. Kenneth Noisewater @ 4:18

Sounds good to me. (And to Lawrence Lindsey).