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

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To: mishedlo who wrote (74203)	11/16/2006 1:25:11 PM
From: Roads End	Read Replies (1) of 110194

These layoffs are directly housing related and are taking place in non housing bubble markets. Existing projects are winding up before winter sets in and new starts continue to fall. Regardless of what housing prices do, the impact of declining starts will have a major impact on GDP. I expect starts to be around 1.2 to 1.3 million by next summer. Roseburg Forest plant set to lay off about 80 RIDDLE -- Roughly 80 Roseburg Forest Products workers will be without jobs next week because of a curtailment at the company's plywood plant in Riddle. The layoff, which starts Monday, is indefinite and will affect union employees on the low end of the seniority scale, said Hank Snow, vice president of human resources. "The reason is our order files won't support our production," Snow said. There had been plant curtailments lasting four days to a week at a time, but a bigger step was necessary to keep more senior-level employees working full time, he said. Snow said the down market is directly tied to the falling housing market. -- The Associated Press oregonlive.com

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