Originally Posted by
vaksedtothemax
finally someone makes a real prediction.. I’ll hold ya to it.. Just to be clear, you say furloughs or no furloughs? That was an original prediction.
mine is “in the $70’s, not $70.” All it’s going to take is some SoH announcement that will have an immediate 15% drop, again, just like last month. Ships are already heading to our Gulf of America ports. When the SoH is fully functional that will just add to the return of oil to markets. Between both locations, the rebound will be quick.
(I should know better than to engage with you, but humans are more emotional than wise)
"Furloughs or no furloughs".
While technically having ones employer cease operation isn't a furlough, it certainly achieves the same result.
The number of people at Spirit was around 17,000, was it not? (And probably thousands more to come as the Spirit shutdown ripples through its vendors)
It is actually worse than a furlough.
All vacation accrued gone.
All accrued sick leave, gone.
All accrued seniority, gone.,
So, for those who predicted furloughs, I would say they pretty much called it right.