Wednesday, August 26, 2009

manufacturing grinds to a halt

Metalworks photo

I see more plant closing, factories shuttered, and for remaining workers shorter work weeks as things continue to get worse. Please believe me when I mention that mighty Toyota the world biggest car maker is now preparing for a slow down by cutting capacity.

Financially it is looking max camzarian out there. Outlook for coming month is very depressing, as in depression, not a severe recession. Try to imagine how things soon shall be in 2012.

There is no talk of a bright and bold future, but rather instead execs speak of constant cuts as demand dries up. Folks, there is no recovery. In fact, new talk is of a second economic stimulus as our economy worsens.

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