Buried under the usual avalanche of MSM blather on the weekend was one very simple anecdote from the US that captures all that you need to know about the building virus financial crisis. It came from Calculated Risk:
I just spoke with a tile sub-contractor who mostly does remodels. He was completely booked for the next several months, and all of his jobs have cancelled for the next 8 weeks.
He has a great reputation – and a good network – and he has been busy for years. These cancellations caught him by surprise. He will have to layoff his workers until he finds work.
