Comments on: Unsold Goods Piling Up at Long Beach http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html Mon, 23 Nov 2009 08:11:00 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Geordie Scoot http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-27286 Geordie Scoot Wed, 26 Nov 2008 17:56:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-27286 On the subject of corrugated cardboard, over here in the UK we all have to recycle our cardboard, paper, plastics and glass. Only, the market for these items has disappeared, so the municipalities are stockpiling the stuff in warehouses "until they can get a better market price for it". I reckon in 12 months the UK will be full of the stuff. Doh! On the subject of corrugated cardboard, over here in the UK we all have to recycle our cardboard, paper, plastics and glass. Only, the market for these items has disappeared, so the municipalities are stockpiling the stuff in warehouses “until they can get a better market price for it”. I reckon in 12 months the UK will be full of the stuff. Doh!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26299 Anonymous Thu, 20 Nov 2008 07:29:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26299 Yves said: "Yves here. I recall one analyst who used sales of corrugated cardboard as a early indicator of changes in economic activity and claimed it was very reliable."<br/><br/>How very odd! Here is a recent news story about a company closing a facility that makes cardboard shipping boxes.<br/><br/>IdahoSpud <br/><br/>http://www.fresnobee.com/business/story/994898.html Yves said: “Yves here. I recall one analyst who used sales of corrugated cardboard as a early indicator of changes in economic activity and claimed it was very reliable.”

How very odd! Here is a recent news story about a company closing a facility that makes cardboard shipping boxes.

IdahoSpud

http://www.fresnobee.com/business/story/994898.html

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26263 Anonymous Wed, 19 Nov 2008 19:21:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26263 <a HREF="http://www.elfaro.net/secciones/Noticias/20080331/cronica100.JPG" REL="nofollow">Casas de carton</a> near San Salvador. Other hand, we have McMansions to fill. Third hand, conditions in El Salvador (and here) might be partially related to our long history of support to ruling elites. Casas de carton near San Salvador. Other hand, we have McMansions to fill. Third hand, conditions in El Salvador (and here) might be partially related to our long history of support to ruling elites.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26253 Anonymous Wed, 19 Nov 2008 16:20:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26253 We will need to start keeping most of that carboard at home here as a replacement number for housing starts (i.e. carboard shacks)<br/><br/>The terrorists won over our stupidity. We will need to start keeping most of that carboard at home here as a replacement number for housing starts (i.e. carboard shacks)

The terrorists won over our stupidity.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26248 Anonymous Wed, 19 Nov 2008 15:26:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26248 I have read somewhere that Greenspan used the corrugated box/packaging stats as a quick predictor for the future growth. I can not find the citation now. I have read somewhere that Greenspan used the corrugated box/packaging stats as a quick predictor for the future growth. I can not find the citation now.

]]> By: john bougearel http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26247 john bougearel Wed, 19 Nov 2008 15:18:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26247 Yves ~ <br/><br/>That analyst that used sales of corrugated cardboard as a forward indicator was brilliant. <br/><br/>If you have channels that can check on those corrugated cardboard sales periodically, say monthly or qrtly, that will be worth tracking. Yves ~

That analyst that used sales of corrugated cardboard as a forward indicator was brilliant.

If you have channels that can check on those corrugated cardboard sales periodically, say monthly or qrtly, that will be worth tracking.

]]> By: River http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26245 River Wed, 19 Nov 2008 14:42:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26245 Too many cars in the port of Long Beach tells me that just in time has failed. The reason for JIT was to save capital by reducing inventory. <br/><br/>Someone above suggested that the manufacturers were continuing to produce autos to keep sales figures up. Possibly true and if so it shows that JIT lost out to the equities marketing, or perceived company financial strength, of the various auto makers. <br/><br/>Now the various auto producers are in worse financial condition because they have given up on JIT, tying up untold billions in finished autos. <br/><br/>They didn't see this coming? Too many cars in the port of Long Beach tells me that just in time has failed. The reason for JIT was to save capital by reducing inventory.

Someone above suggested that the manufacturers were continuing to produce autos to keep sales figures up. Possibly true and if so it shows that JIT lost out to the equities marketing, or perceived company financial strength, of the various auto makers.

Now the various auto producers are in worse financial condition because they have given up on JIT, tying up untold billions in finished autos.

They didn’t see this coming?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26231 Anonymous Wed, 19 Nov 2008 11:39:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26231 Supply side economics, anyone ? They used to call it dumping but now we have free trade. Like vultures amassing, waiting for the death rattle out of Motown. Supply side economics, anyone ? They used to call it dumping but now we have free trade. Like vultures amassing, waiting for the death rattle out of Motown.

]]> By: Jojo http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26228 Jojo Wed, 19 Nov 2008 10:16:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26228 @Sammy - Usually a good time to buy a car is January or February. And usually the last 4 days of the month when the salespeople and dealers are desperate to make their numbers or bonuses. And I think 2009 will be particularly good. :) @Sammy – Usually a good time to buy a car is January or February. And usually the last 4 days of the month when the salespeople and dealers are desperate to make their numbers or bonuses. And I think 2009 will be particularly good. :)

]]> By: FairEconomist http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach.html#comment-26227 FairEconomist Wed, 19 Nov 2008 10:09:00 +0000 http://www.nakedcapitalism.com/2008/11/unsold-goods-piling-up-at-long-beach/#comment-26227 I'm concerned about competitive auto bailouts working like protectionist trade policies in the past. Every country tries to bailout its auto industry, and we all end up worse off. *Somebody* has to close down with the monster overcapacity we have. Since some degree of bailout is politically unavoidable, I'm hoping for international cooperation on the issue. I’m concerned about competitive auto bailouts working like protectionist trade policies in the past. Every country tries to bailout its auto industry, and we all end up worse off. *Somebody* has to close down with the monster overcapacity we have. Since some degree of bailout is politically unavoidable, I’m hoping for international cooperation on the issue.

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