Quote:
Originally Posted by Shaun @ Tru6
You have been experiencing cheap money for a few years now. People rent money very cheaply and hope the increase in production will offset the debt. Many cases it does.
I'm not sure a 5 minute into the future vision applies in this circumstance. 2 month to 6 months we will start to see the real effect of the CV.
|
I have? My rate for my LOC kept going up up up thanks to the fed pushing rates higher. Rates for construction equipment haven't been all that friendly unless you're buying new or "certified used" and the dealer is buying the rates down. While the rates aren't early 80's high, they aren't 2009 to 2017 low either. In two months you'll see some bad earnings reports due to the short term shutdown of production in areas of China. Long term (6 mos and beyond) you'll see the market back up and by fall you'll see the market at 29K. It drops fast but it can go up just as fast as it dropped once people get over the fear.