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  More bad news in the marine industry

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Author Topic:   More bad news in the marine industry
L H G posted 03-04-2009 03:17 PM ET (US)   Profile for L H G  
It seems everything going on in Washington is not giving much help to the Marine industry:

http://tradeonlytoday.com/index.php/home/ 497014-brps-credit-rating-lowered.html

http://tradeonlytoday.com/index.php/home/ 497024-hard-times-continue-for-manufacturers.html

Whalerdog posted 03-04-2009 05:07 PM ET (US)     Profile for Whalerdog  Send Email to Whalerdog     
Every thing is in totally freefall. Fire sale every where on heavy equipment. I see rough terrain forklifts I use that cost 145,000 now going for 35,000 being 4 years old. That is just NUTS! I have no clue where this will end I doubt economy will recover until late 2010 or worse and the marine industry will never recover fully and it will be the last thing.
Kingsteven18 posted 03-04-2009 07:04 PM ET (US)     Profile for Kingsteven18  Send Email to Kingsteven18     
The economy is 'resetting' itself to a proper level; the one that existed before this nonsensical credit bubble that finally burst.
towboater posted 03-04-2009 10:08 PM ET (US)     Profile for towboater  Send Email to towboater     
Touche King

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