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![]() "Eisboch" wrote in message news ![]() Having a small company that is involved in large, capital equipment type contracts has certain advantages. One of them, that I noticed years ago, is that the level of new orders almost always reflects an accurate prediction of which way the general economy was heading, usually about 6 months before it became a current topic of discussion in the media. Last year my former company (now my oldest son's) had a tough year with a major slowdown in new order activity and, in some cases, cancellation or postponement of planned orders by several customers. The situation was not unique to the company as many others involved in similar, high cost capital equipment businesses experienced the same slowdown. This has all changed. In the past 30 days the company has received over $6M in new contracts and the quoting activity for more has picked up substantially. If this continues, and past history says it will, 2008 will be a very busy year. I'll betcha that by May or June all the talk will be about how robust the US economy is. Eisboch I hope you're right but I doubt it. The housing market is up to its eyeballs in forclosures with more to come and credit card debt is at an all time high. I've worked for the same company for 23 years (printing/machining ) and watched our industry dwindle slowly since the early 90's. Things have sucked pretty bad for the last 2 years and its a miricle we're still here. Unfortunately, the writing is on the wall as we have enough money left for about 1 more pay period. Too bad its not boating season as it looks like I might have some free time on my hands coming up. Don |
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