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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (93384)1/26/2009 11:52:06 PM
From: benwood  Read Replies (2) of 116555
 
Excellent piece, Mish.

And on another deflationary and very sour note... my brother lost his job today. He's the safety officer at a Weyerhaeuser mill in Aberdeen, Washington, and the mill was closed permanently today along with another in town. They had 3 hours notice. The mill had been in operation for at least 40 years, and he had worked there about 30.

They were told that Weyerhaeuser alone had capacity that exceeded their projection of demand for at least the next year, by far. So, as my brother put it, many other mills are under enormous pressure right now.

In all, 221 jobs in a small economy hit very hard in the past few years by other mill closures.
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