RE:Another 2000 forestry workers..........out of their jobsA very important thing most of the striking employees are missing or are not aware of. Is the economy presently seems ok. But if one looks a bit deeper it appears to be ready for a pull back.
This Bull run the market is the longest in history at 11 years. Historical average over the last one hundred years, Bull markets have ran less than 4 then turns down for 10 to 18 months. What are warning signes a recession may be on the horizon ?
Housing starts fall off and home prices drop. For sawmills there is litle demand for their product. C&P Vancouver's once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years.
The Real Estate Board of Greater Vancouver says 1,103 homes were sold in Metro Vancouver last month, down 39.3 per cent from the same month a year earlier.
During a Bear or recession, businesses go into survival or conserving mode. Cutting costs where ever possible. Curtail or reduce production either laying off workers or temporarily closing all together till the downtrend hits bottom and reverses. Companies cut back on investing or upgrading. (WEF just announced they were doing that in the last report)
There are also other indicators signaling a pull back may be comming.
The US Fed. claims the lowest unemployment claims in history. Open the link and read or scroll to the graph showing unemployment claim filings Vs the onset of a Bear or Recession market.
So in sumary it may be a mistake to continue striking prior to what may well be a coming recession and volantary company shutdow for a perhaps a year.
It may be more prudent to return to work, building cash reserves now and delay strike action till the beginning of the next Bull. Then you know the company is entering a future demand cycle, rather than at the end of one.
Having used up all your cash reserves then getting laid off for an extended time, due to a recession is not be an enviable position.
You may have to C&P it to your browser.
https://www.bkd.com/article/2019/01/leading-indicators-recessions-bear-markets