RE:RE:RE:Another 2000 forestry workers..........out of their jobsMills are operating full steam ahead east of the rockies. The amount of homes being built on the Island per month, would not use as much lumber as is produced in a single shift.
I'm not talking about an Island recession. It is nearing time for a world recession like took hold in 1981, the dot com bubble burst in year 2000 when Doman went down. Or 2007 when western went banckrupt and was saved from being auctioned off by Brookfield.
When the market turns bearish and goes into a recession for a year or two. No company does well and unemployment rises. Money lending dries up as finance companies and banks don't take risks like in good times, Mortgages are denied so building is reduced and demand for lumber falls off. In a market crash businesses cut back to protect credit lines and capital.
I left school and went to work in the middle 1950's and have seen the market cycles play out and repeat themselves a number of times. So don't fool your self thinking the good times over the last 11 years are going to last forever. Because they won't a crash is comming sooner or later. People can be prepared or sorry later. It's their choice