<html>
<head>
<meta http-equiv="Content-Type" content="text/html;
charset=windows-1252">
</head>
<body text="#000000" bgcolor="#FFFFFF">
<p>I have seen Halliburton do this 3 times since 1975. I have some
engineer friends who left Halliburton and hung out a shingle for
that reason. <br>
</p>
<p>OK, I don't want to get into politics, but I don't think that any
of us want to get caught with our financial pants down, so to
speak. Things are going to slow down and really get tight.. I
subscribe to the Bob Livingston Letter. I have for several
years. He predicts things pretty accurately. I just do not feel
that I can take a chance on the stock market at my age. However
he has a lot of useful information. The letter I received today
stated the reasons behind these layoffs and what might be expected
in the next year or two. It doesn't look good. I am thankful
that I followed my Dad's advice and only bought equipment and
livestock I could pay for at the time. With a full tank of fuel
and if my health does not deteriorate any more I can weather the
storm. I would recommend you guys subscribe to the Bob Livingston
Letter, it is free. I have no connection to it and I will stop
recommending anything not tractor related...<br>
However, after digesting today's letter, it may give a clue as to
why our old iron is not as valuable as we think it should be.
There is just not as much money floating around out there as there
used to be. Here in OK the horse business follows the Oil Patch.
When there is a lot of drilling and leasing, horses and anything
connected with them is a hot commodity. When the oil Patch slows
down, horses go hungry and horse trailers are being sold by the
banks. It seems the only business that does good in a recession
is the liquor business. When I worked in the tractor shop 50
years ago, our best customer owned 2 bars!!!!!<br>
Cecil<br>
</p>
<div class="moz-cite-prefix">On 12/3/2019 4:36 PM,
<a class="moz-txt-link-abbreviated" href="mailto:bradloomis@charter.net">bradloomis@charter.net</a> wrote:<br>
</div>
<blockquote type="cite"
cite="mid:044f01d5aa2a$1904a1e0$4b0de5a0$@charter.net">
<meta http-equiv="Content-Type" content="text/html;
charset=windows-1252">
<meta name="Generator" content="Microsoft Word 15 (filtered
medium)">
<style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:0 0 0 0 0 0 0 0 0 0;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:#0563C1;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:#954F72;
text-decoration:underline;}
p.msonormal0, li.msonormal0, div.msonormal0
{mso-style-name:msonormal;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
span.EmailStyle18
{mso-style-type:personal;
font-family:"Calibri",sans-serif;
color:windowtext;}
span.EmailStyle19
{mso-style-type:personal;
font-family:"Calibri",sans-serif;
color:windowtext;}
span.EmailStyle20
{mso-style-type:personal;
font-family:"Calibri",sans-serif;
color:windowtext;}
span.EmailStyle21
{mso-style-type:personal-reply;
font-family:"Calibri",sans-serif;
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
<div class="WordSection1">
<p class="MsoNormal">Ah but today’s MFG news has several:<br>
<a
href="http://click.reply.ien.com/?qs=e03bb548e1a039502400064a0b082dd55a10f6a101e9efd7799e0dc22e688d2cb8ec0e1d287cef18bf8beaa8f8f8255ed6a83eecc27c9460"
target="_blank" moz-do-not-send="true"><b><span
style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#C93A3A">Halliburton
Lays Off 800, Plant Closure Expected</span></b></a><o:p></o:p></p>
<p class="MsoNormal" style="font-weight:regular"><a
href="http://click.reply.ien.com/?qs=e03bb548e1a03950e52d03a84c8da6a0cd579bda93e2654f34fab7eed5600e38a4264491315959474f8e37f0b1d14e99744a70a249e258ad"
target="_blank" moz-do-not-send="true"><b><span
style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#C93A3A">Daimler
to Cut 10,000+ Jobs</span></b></a><o:p></o:p></p>
<p class="MsoNormal"><a
href="http://click.reply.ien.com/?qs=e03bb548e1a03950472d576721036a2609258780a240f0e8c37e502adaf2c6cff3ecf119190148f4eb1ddb7a368410003443989b3281127f"
target="_blank" moz-do-not-send="true"><b><span
style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#C93A3A">US
Manufacturing Contracts for Fourth Straight Month</span></b></a><br>
I guess thing’s aren’t all rosy in the
manufacturing/industrial world. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<div style="border:none;border-top:solid #E1E1E1
1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> AT
<a class="moz-txt-link-rfc2396E" href="mailto:at-bounces@lists.antique-tractor.com"><at-bounces@lists.antique-tractor.com></a> <b>On Behalf
Of </b>James Peck<br>
<b>Sent:</b> Tuesday, December 03, 2019 8:54 AM<br>
<b>To:</b> Antique Tractor Email Discussion Group
<a class="moz-txt-link-rfc2396E" href="mailto:at@lists.antique-tractor.com"><at@lists.antique-tractor.com></a><br>
<b>Subject:</b> Re: [AT] OT NG and diesel<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Those are all salaried jobs. They probably
allow managers to rank the salaried employees and cut those
with the lowest ranking. It does not really reduce the people
on the shop floor operating the manufacturing equipment. On
the other hand, they probably should not cut the people in the
high turnover disciplines because they will empty out on their
own.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">And some not so good news on the
manufacturing front:<br>
<a
href="https://www.manufacturing.net/home/news/21103326/cummins-cutting-2000-jobs-in-2020"
moz-do-not-send="true">https://www.manufacturing.net/home/news/21103326/cummins-cutting-2000-jobs-in-2020</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<br>
<fieldset class="mimeAttachmentHeader"></fieldset>
<pre class="moz-quote-pre" wrap="">_______________________________________________
AT mailing list
<a class="moz-txt-link-abbreviated" href="mailto:AT@lists.antique-tractor.com">AT@lists.antique-tractor.com</a>
<a class="moz-txt-link-freetext" href="http://lists.antique-tractor.com/listinfo.cgi/at-antique-tractor.com">http://lists.antique-tractor.com/listinfo.cgi/at-antique-tractor.com</a>
</pre>
</blockquote>
</body>
</html>