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jdaasoc

06/04/06 10:03 PM

#79705 RE: Lone Ranger #79689

to correct about 1/2 to 2/3rds across the board

The only way that is going to happen is worldwide recession which cuts into demand side.

I've seen very lean inventories recently from bulk distributors of cabling products not knowing how high replacement inventory will cost.
We have been so ingrained that next lot of Chinese goods was cheaper then the previous batch for the last 10-15 years as they found cheaper sources of labor. One could look at any outdated price list and almost guarantee that you would pay less now.

The inflationary mindset of raising prices on each subsequent new lot is starting to kick in. FED will be behind the curve not looking to kill economy right off the get go.

PS By the way, there seems to be a lot of general contractors employing cheap immigrant labor. I wonder how many are going to find new professions if housing busts.