I visited a company yesterday that has been fattened by the fracking boom. the machines were idle and there was a gloomy feeling about the place
they just didn’t have any orders to keep the lines running.
Downturns happen. The big concern this time is that we're also seeing an extreme disconnect from reality with the people running things, leaders who just point to their imagined 5% unemployment and rampant inflation.
My brother and his wife are having to pull up stakes in south Louisiana’s oil country. He said things are going from bad to worse.
Fortunately, he landed a good job in Seattle. They’re hitting the road in two weeks.