Cheap money
 

Cheap money, record-setting corporate debt, worldwide economic slowdown due to covid-19

What could go wrong?

Shortages of bottled water and TP at most big box marts too.

a nicked sack...

Biden could get elected. 🤣

Haha, well played! :D

I did no such thing!!

Why would anyone want to get elected? If I were Biden, I'd throw it. No one is going to want this economy in 2021.

It’s the dementia.

FIFY. ;)

Some folks are going to make piles of money once all the other folks realize the sky (still) isn't falling, just like the last time. It's just a matter of how long the process takes, this time.
The only real difference this time, is that there is a fairly large contingent of folks who want the sky to fall.

Have you seen a big drop in workload and call volume? I really haven't. I'm not seeing where the economy is a big worry.

So you are saying the entire market is wrong and you are right? OK.

Probably not but one can make some money out of all this.

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.

The economy is going to take a hit this month. It is only the 9th and the energy, travel, conference, festival, and entertainment sectors are taking hits. As the number of infected continues to grow it will only get worse.

Your customers have access to cheap money. That's what you've been experiencing. Your customers have access to cheap money. They buy equipment from you. They hope the increase in production will cover the debt.

Your LOC rate going up makes no sense. I've never had an LOC rate go up, Fed rates increase or otherwise. And interest rates are at an all time low. You may want to use another bank.

Snowball.

Your LOC is fixed rate? I want to do business with the bank you're doing business with. Put the name and number on here and I'll call them. But before I do, I'm willing to put the $500 I'm gonna take from Denis this fall on the line and say your bank's LOC's are based on prime plus and when the fed increases rates, their LOC rates change too. You game??


What you need to do is turn of the TV, disconnect your wifi and spend more time prepping and coating parts. You've bought into the fear.

FWIW, the majority of my customers have paid cash from their business savings thanks to an economy that has their income skyrocketing.

What? You either didn't read what I wrote, or you are in the latter group I described. ;)

It depends on how long coronavirus is on the front page. Based on what ie happening elsewhere we will probably see a climb to near 10,000 cases over the next 3 weeks. And 10,000 would damn sure make headlines. At three weeks cases start to flatten out and go into decline.

China is coming back on line. Europe is under the gun. This looks to be a tough month but if it starts to clear in April we should be fine.