The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: yard_man who wrote (6642)	2/1/2004 10:38:24 AM
From: russwinter	Read Replies (3) of 110194

<There IS capacity out there that can be restarted if the price of the end product is high enough to offset the input costs.> Ok, I'm going to throw down the gauntlet to you or anybody else on this theory. Here are 96 pages of recent plant closings. I'll put this site on the header. bizsites.com You tell me if it fits the output gap or excess capacity definition, and we will have a debate on the merits. I have to tell you though, mostly what I see here is (and very sadly too), just junk. I think when they use the term, "indefinitely" perhaps we should take it at face value, kaput. Here's just one that illustrates my input cost point: Texas/Abitibi LUFKIN, Texas—Newsprint maker Abitibi-Consolidated Inc. is closing its plant indefinitely in Lufkin, dashing the hopes of 580 workers on layoff since October 2001. Company officials say that high energy costs have made the Texas facility less cost efficient. The company is also indefinitely closing its plant in Saquenay, north of Quebec City, affecting 640 workers on layoff since August 2001. Source: The Toronto Star, Dec. 11, 2003 8008

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next