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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (7480)	2/9/2004 5:16:15 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

<If U.S. companies can't figure a way to raise prices soon, their earnings could get stuck between a rock and a hard place. > Figure out a way? In fact they simply are raising prices, and if this reporter was doing his job, he'd know that. I think the statement made by Dow Chemical as part of a slew of price increases is illustrative. It's almost a take it or leave it attitude: pay these prices or we simply won't supply you any more. BTW, an inflationary depression will destroy whatever marginal economic "excess capacity" there is. If it was unprofitable before the trainwreck, wait til they get a load of what's coming. Midland, MI - February 04, 2004 The Dow Chemical Company announced today that it will raise the prices of its CALIBRE* polycarbonate resins and of its polycarbonate compounds and blends across North America with 4 cts/lbs. The price increase will be effective March 1st. Sander van Veen, global product director Polycarbonate: "Margin restoration is critical in 2004. We are confronted with continued price pressures throughout the complete feedstock chain from polycarbonate. As a result our margins are now at an all-time low that cannot be maintained."