damn sorry to hear, why do they always do these thing right before x-mas
:hay: I am OK!
Well typically every year, manufacturing companies tend to get less business coming in as they head into winter months. At least this has been the case with all of the companies I’ve worked for.
It just sucks now because EVERYONE is losing money. So it’s a huge chain effect. It’s probably going to get much worse before it gets better.
If your company was selling internationally, and making big bucks based on the US dollar being in the toilet, things are going to get real bad now that the dollar is rallying against pretty much every other currency.
That is not going to last long. I bet it will reverse and fall faster than it rallied. Anything selling to China is probably going to be doing great in a year or two.
They have started their stimulus plan, except in their case they actually have reserves of cash to use for stimulus. We are just going to be printing more money because no one is going to be buying all our debt, especially when china will probably sell their treasury note reserves to fund their stimulus.
That sucks, good luck Spanky.