deMolay wrote:As international trade falls away. And as companies lay off and curtail production, how soon will we see shortages of goods here in North America?
The recession has hit the nation's freight railroads hard, including Omaha-based Union Pacific, which has idled about 50,000 railcars and furloughed thousands of train and yard workers.
Stacked end to end, the idled cars would stretch 500 miles, or about the distance between Omaha and Scottsbluff, said Donna Kush, railroad spokeswoman.
Sixstrings wrote:The point about the railroad engines being idle and such surprises me. I remember reading, before all this S started hitting the fan, that our rail network was very stressed -- not enough track to handle all the loads, etc. So now they're sitting idle; that's significant.
Photo taken at West Colton CA shows over a mile long line up of Union Pacific locomotives sidelined due to the current economic conditions. I saw not too terribly long a go on Layoff Daily that both Union Pacific (UP) and Burlington Northern Santa Fe (BNSF) have been steadily laying off employees. It amounts to sevreal thousand in both cases.
cbxer55 wrote:Photo taken at West Colton CA shows over a mile long line up of Union Pacific locomotives sidelined due to the current economic conditions. I saw not too terribly long a go on Layoff Daily that both Union Pacific (UP) and Burlington Northern Santa Fe (BNSF) have been steadily laying off employees. It amounts to sevreal thousand in both cases.
Maybe. I'd love to hear alternative analysis.
Real GDP
2008 1.30
2009 (1.20)
2010 3.20
2011 4.00
2012 4.60
2013 4.20
dohboi wrote:Of course, on one level it's a good thing that people aren't buying tons of crap anymore. On the other hand, it is having a ripple effect on the economy and causing more and more people to lose their jobs and their livelihoods.
We on these forums have been thinking about these types of developments for some time. So what do we think would be the best way to proceed? Do everything possible to start up the over-consumption and over-production machine, as the stimulus package seems to be aiming for? Or...what? How do we restructure the economy to be based on something other that limitless growth and consumption?
I'm seeing minor shortages now, due to stores not restocking. The local Wal Mart quit stocking most new TV's, and say they are available by personal order, contingent upon being able to find what you want in a warehouse or other store. Implication was that new stock is not coming in to the country.
pup55 wrote:
Anyway, someone is holding the bag on all of this.
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