<re Aluminum -- there is clearly a large excess of capacity that is not obsolete, but excess.>
It's very energy intensive, so I'd say a good portion is obsolete, not excess.
<PCs. semis and comm equipment. Do you think we are hitting supply constraints there?? >
No, it appears the lives of walking wounded (the Gateways) have been prolonged.
<industries underlying building -- I don't believe we are bumping supply constraints at all>
There are substantial supply and pricing constraints /pressures in the input goods used: lumber, copper, insulation, building materials, even skilled labor(plumbing, electricians).
Other key industries facing bottlenecks, constraints,cost squeezes : transportation, chemicals, food processing, steel, and all that feeds through to automotive. |
