Wednesday, May 11, 2016

There hasn't been so much clothing for sale since before 1992

The American consumer appears to be tapped out.

When inventories get to a point where there the warehouses are full 
and little savings or borrowing capacity is left for manufacturers
mass factory job layoffs are inevitable
"Unifi Manufacturing, Inc. is a leading producer of multi-filament polyester and nylon textured yarns and related raw materials. We provide innovative, global textile solutions and unique branded yarns for customers at every level of the supply chain."

Still true to its heritage, the White Oak plant in Greensboro, NC, operates today as the denim flagship operation, serving as the center for product development and innovation, and the production of Cone Denim’s authentic premium vintage denims made exclusively in the USA.

White Oak gets free methane from Greensboro's White Street landfill, 
which the Vaughan family has made millions without consequence,
as Nancy covered for Don's profits as a City Council member and mayor
at the expense of Greensboro's taxpayers
which the local press never reported

Greensboro's debt service looks to increase about $11 million in the last two years 
which = a 25% increase the press most likely won't report
as most of them are financially illiterate or sold out long ago

500 plus layoffs at Lorillard, 500 layoffs at Eden's Miller brewing, 450 in Asheboro 
and more coming means the economic projections in Greensboro's recommended budget 
are going to miss big to the downside, and the public won't know until it's too late

This is what Greensboro's City Council is doing, and has done
and it's going to increase the cost of borrowing money
after the state is downgraded for HB2 economic consequences
. . .
Labor Market Conditions Index

Not that past price to earnings metrics are remotely comparable to today's accounting control fraud, as cooking books has been made legal;