It's possible we're witnessing the end of the laminate floor industry in America, maybe all wood flooring.
That would leave carpeting and tile as the go to choice for all homes and businesses...
The weekend is over and oil is getting slammed
Mar. 15, 2015, 11:33 PM
The weekend is over, futures markets are open, and oil is getting slammed again.
On Sunday night in New York, West Texas Intermediate crude was down as much as 2% to as low as $43.90 a barrel, the lowest price for WTI in six years.
Near 9:30 pm ET, WTI had recovered a bit, but was still around $44.15 a barrel, more than 1.5% lower than where it closed Friday afternoon.
In my opinion, this will either be the beginning of a long siege, or, the end of the story.
We'll see what they determine, if it's the end, the stock may take off like a rocket, if not, who knows...
Safety agency to announce potential Lumber Liquidators action
New York Post-Mar 9, 2015
The Consumer Product Safety Commission is expected to announce Tuesday what action it's taking regarding the Chinese-made laminate ...
Trader who called oil’s rout sees crude below $40
Don’t look for a V-shaped bottom: Doug King
King, who told Bloomberg in January that oil could test the $30 to $35 a barrel level, is confident in prospects for another push lower.
The second quarter, he noted, is usually the weakest for demand.
Also, oil inventories continue to grow. Now, the big question is how much onshore storage capacity remains in the U.S., where crude inventories are at their highest level in more than 80 years, according to government data. King said there is a danger space could run out, leaving more oil to flood the physical market—a proposition that he expects to be tested in the next four weeks.
And despite falling rig counts, U.S. oil production is still around 1.2 million to 1.3 million barrels a day more than it was this time last year, King estimated.
the prospects of trying to homes with wood flooring.
I would be more interested to know the health of the workers in China that are making the product. Has anyone contacted the workers to see if they have health problems?
I was wondering about Sams's Club and if they sold LL and so I did a search for "Sams Club Lumber Liquidator" - I got a consumer affairs web site with 259 complaints stating many are having respiratory problems...
"Seven years ago (we have the receipt) my husband and I purchased 2000 sq ft of laminate flooring from Lumber Liquidators. We also installed it ourselves subjecting us to the constant dust. Our two children lived at home and were 20 and 19 and living at home during college and my purebred Siamese cats have developed unexplained breathing and eye problems. My husband has COPD and cancer and I've been unable to work for a year due to joint and body pain and severe fatigue."
Just wondering what the addtitional fallout from all of this will be
That's a great point, I'm sure 60 Minutes would have kept unopened duplicate boxes of the laminates they purchased from all of the stores around the country for just such a scenario. Authorities are going to want to sample the products 60 Minutes and when 60 Minutes can provide duplicate boxes, there will be no tainting of the tests. That's a great point. !!
Carpet or tile will be our new floor covering, not wood flooring. Not just because of this story, but because of the residue this story is going to have on resale values of homes with laminate flooring, regardless who made it.
Do you have any idea how long it takes for some cancers to develop? Your statement, especially with the Deconstruction Tests that have been performed, even if LL says they were not those used to determine CARB compliance, makes no sense because if you or one of your loved ones develops some type of Cancer in the future, you are going to wonder if it was because of the flooring in your home.
This is why this is so serious...even if the Deconstruction Tests are not the tests that are used to determine CARB compliance, why did the planks from Home Depot and Lowes pass, but the planks from LL failed?
Well, I know for one thing that 60 Minutes does not have their own Environment Lab, nor do they have paid Environmental Engineers that work directly for them. Since the deconstruction test was the test used by the lab they took the planks to, which by the way were purchased from stores in many different states in America, then the test was the test that that lab would have used to test for formaldehyde.
Not one word of your post has care whatsoever for the people that bought the product and have it in their homes.k
you must be a shill.
60 Minutes, but the LL flooring all failed - some boards so high the levels were off the charts?
How is that selling a safe product?
So what if the Deconstruction Tests are not the only tests used, if the core board is filled with that much formaldehyde who would want that in their home or business?
That was an eye-opening interview today on CNBC.
proof that your floor was not affected, I hope you kept records....
with the same "not in my home" decision.
Carpeting and Tile may be the king of the hill for years to come.