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ContinuousWave Whaler Moderated Discussion Areas ContinuousWave: The Whaler GAM or General Area 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)
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)
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)
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)
Touche King |
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