Isn't it crazy??? Like someone said, if your neighbors lose their jobs, it's a recession...If you lose your job, it's a depression...I know...
My job will be over in about March...The Chinese and Brazilians will do my job from now on...And my company was one of the last holdouts...All we have left is a paper mill and that one will likely be gone by the end of the year...
These people that sit in their little cubicles don't have a clue what's going on in the outside world except what they read in the WSJ...
My family was in the coal business till '85 got out due to low prices and overregulation. Even in the '70's and '80's coal was being imported with the US sitting on the largest coal reserves in the world. Made no sense then and less now. By the way, we small operators always knew that the regs were designed to make the coal biz safe for the oil cos. by driving out the small guy.
As I told one Fed, before I'll mine another block of coal you'll freeze to death in the dark.
The us is out of US as far as the Feds are concerned, the idea is I'm going to make mine and devil take the hindmost.
Never did learn to quilt.