I absolutely don't think those of you taking precautions and stocking things are crazy or off base at all. It is so noticable here even and this affects Canada via trickle effect more directly than any other country due to our location to the US and our trade/border etc. We watched here back when everything tanked just a couple short years ago, in direct relation to the huge layoffs out of the blue in the US, within days the slips were everywhere here. Everyone here was taken aback as much as Americans (the world really) at the quick decline of industry, collapse of banks, mortgage crisis etc. Although we didn't have the same degree of effect as in the US, it hit hard here and the same signs you all are seeing there are happening here in direction relation, again. This is deja vu. In fact S/O and I were discussing this today for hours and then I noticed this thread that I hadn't read yet and when I started reading him the posts he said AHA SEE!!!! Confirmation what we are seeing is the same, actually worse than the economic crisis none of us have yet to fully pull out of.
As for the job creations, companies continuing to hire etc. This happened last time as well, thus the huge shock especially in many large and international companies with bases out of the US. S/O's former boss when calling him in to give his layoff slip was in shock, crying at the layoff of the final set of his remaining employees (S/O was there until the last cut, 4th round). The boss hadn't seen it coming, his entire company didn't. This is a huge international company in a supposedly lucrative booming industry. Our town of 56K saw over 5K men/women in S/O's field alone laid off and most ran out of employment insurance before any hire backs began again.
This last week, it turns out after follow up twice in calls to the company that was to hire him, this is what happened to have his offer of employment revoked. Friday they signed 4 mens contracts after a costly hiring process, S/O was due to be phoned to come do the same that Monday. HR woman comes in to find boss saying check email. Email from head office of this massive world wide company, email came from Utah (i am pretty sure) office and said STOP. NO HIRING. This in spite of being contractually obligated to the first 4. They got the same letter as S/O. They had been told to hire, and they weren't stopping at just 5 new hires, they were starting to build a complete fully staffed third shift due to this huge backlog of international contracts and business was booming. That was at close a week ago past Friday. Monday morning comes news, NO NEW HIRES, NO third shift, NO CONTRACTS. They were ALL pulled out of by the outside contractors hiring them and this is mining, this is also showing up all over town since knocked on doors in the other local businesses since last Monday. He put in resumes and for 3 straight days every single place but 1 was hiring, 3 confirmed he'd hear by week end for a interview time and 2 places said they'd call this week. he followed up today due to not ONE calling him back. Every one he reached (2 didn't even answer phones?!?!) said sorry, change, not hiring we're so sorry, we had planned to start interviewing this week, or they were already doing interviews, all came to a screeching halt. This is not a isolated thing. This is obvious pull back and collapse of a huge industry world wide. The effects are hitting, fast, since last week alone they ALL are changing their tune and there are NO hires. There are hints for one local company from management that their bonuses, SAVE them. Usually they get used for holidays etc. They are being warned to NOT spend them. That's not hard to see as the sign that the slips are coming again. This isn't a local issue only or a regional issue or a Canadian issue. This is a entire lucrative global industry. It is VERY telling. Needless to say we had a LOT to talk about and discuss today in wondering WTH are we going to do?!?!
We've decided he's taking a cash paid daily construction job via a friend who has a company and has room on a crew. This is a educated man with what appeared a host of opportunities 14 days ago. He's going to hammer nails, sweat on roofs, pour hot rubber, in this insane heat. Because it pays horrible but its cash daily and its cash NOW. And he has no options anyhow here given what the companies are saying, other than a crud paying retail job or something. So temporary construction it is. Right now Matt is baling hay 12 hours past his rural town, middle of nowhere. Making hundred and hundreds cash DAILY. We've discussed S/O flying to stay with him for a few weeks to just get quick good money. We've NEVER settled for being apart, its what decided him AGAINST our plan for him to join the military. Today and this past week is a HUGE wake up call.
I hope the US gov can figure out this mess, for all of your sakes in the US, for ours here, for the global economy. Yet this is happening in how many countries???? Not ONLY the US. It's a scary bleak picture today. I just hope for the best but I'm with you all, preparing (and stocking!) for the worst. This isn't going to be even the way it was 2-3 years ago. If this happens, it will hit harder, and those of us hit hardest then will hurt devestatingly worse this time around.
Wish I had a good place for more storage, I have storage space envy from many of you.