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Economic Retort: Greater College Station/Blinn Market 2008
Posted by dedfischer on December 12th, 2008 under Uncategorized
Deep fried pastry revenues exceeded 2007 results largely due to higher demand over the first 2 quarters. All other industries typically struggled across the board. The specialty monogrammed bathroom linen sector was wrecked by an over production of obsolete inventory. Conditions were accelerated by a Union worker’s strike in the 4th quarter as the trend continued of wages lagging behind inflation since the Sherrill era. Leaders are pining Congress for a BCS bailout, but expectations are dim at best. Future Outlook: Bleak.
The future largely hinders on the willingness of lenders to restructure outstanding operating lines.
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