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Posted: 5/12/2023 8:17:22 AM EST
[#1]
DOOM!!!
Pepper your Angus!  |
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Posted: 5/12/2023 8:18:24 AM EST
[#2]
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Posted: 5/12/2023 8:19:43 AM EST
[#3]
Logistics companies (first to know) have been seeing it for a while.
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Posted: 5/12/2023 8:20:12 AM EST
[#4]
So should I sell my TSLA or what?
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Posted: 5/12/2023 8:29:39 AM EST
[#5]
Quote HistoryQuoted: Logistics companies (first to know) have been seeing it for a while. Can you delve into this a little further? We just had a thread here not long ago that had some logistics people in it and they said things are starting to come back online… |
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Posted: 5/12/2023 8:32:08 AM EST
[#6]
Quote HistoryQuoted: Logistics companies (first to know) have been seeing it for a while. Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. |
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Posted: 5/12/2023 8:33:22 AM EST
[#7]
So much information, I'm totally overloaded...
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Posted: 5/12/2023 8:35:58 AM EST
[#8]
Very likely.
Recessions are not all bad. They clear out the dead wood. Prolonged periods of economic expansion result in inefficiencies. Companies can survive without being excellent. Employees can keep jobs without as much effort or skill. Resources get tied up in the hands of those who aren’t great at putting them to good use. A recession wrestles resources from the hands of poor-performers and reallocates them to those who will put them to more effective use. As a result the economy grows stronger, more resilient, and faster. It’s economic Darwinism in action. |
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Posted: 5/12/2023 8:36:44 AM EST
[#9]
Quote HistoryQuoted: Yep. Regional freight was $3-$3.50/mile and now it's $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that's O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. 1.007470119521912. 
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Posted: 5/12/2023 8:38:50 AM EST
[#10]
Quote HistoryQuoted: Very likely. Recessions are not all bad. They clear out the dead wood. Prolonged periods of economic expansion result in inefficiencies. Companies can survive without being excellent. Employees can keep jobs without as much effort or skill. Resources get tied up in the hands of those who aren’t great at putting them to good use. A recession wrestles resources from the hands of poor-performers and reallocates them to those who will put them to more effective use. As a result the economy grows stronger, more resilient, and faster. It’s economic Darwinism in action. lol, the dead wood will still get theirs from uncle feds... |
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Posted: 5/12/2023 8:39:20 AM EST
[#11]
Well, he just hired a WEF chairman to be the new Twitter ceo so there's that.
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Posted: 5/12/2023 8:40:17 AM EST
[#12]
Concerning considering the source.
Elon doesn’t come across as someone to cry wolf. |
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Posted: 5/12/2023 8:40:27 AM EST
[#13]
Musk is one of those people you would be foolish not to listen to. Doesn't mean he's always 100% correct, but he's more correct than anyone else.
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Posted: 5/12/2023 8:40:31 AM EST
[#14]
The Economic Enema is already here, and it's name is Joe Biden.
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Posted: 5/12/2023 8:41:44 AM EST
[#15]
Quote HistoryQuoted: I heard it's going to be like 2008 times 1.007470119521912. Quote HistoryQuoted: Quoted: Yep. Regional freight was $3-$3.50/mile and now it's $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that's O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. 1.007470119521912. Well done. 
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Posted: 5/12/2023 8:42:58 AM EST
[#16]
Quote HistoryQuoted: Can you delve into this a little further? We just had a thread here not long ago that had some logistics people in it and they said things are starting to come back online… Quote HistoryQuoted: Quoted: Logistics companies (first to know) have been seeing it for a while. Can you delve into this a little further? We just had a thread here not long ago that had some logistics people in it and they said things are starting to come back online… See heavy260’s reply. It has been bad for the last 6-8 months. It has become considerably worse in the last 6-8 weeks. Everyone is/has been moving loads at a loss. It’s a game to see who can last the longest. The above takes a while to filter through to the general economy, but in short, everybody is about to get kicked in the balls. |
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Posted: 5/12/2023 8:43:05 AM EST
[#17]
Quote HistoryQuoted: ... Looking just like 2008 all over again. ... A friend of mine who owns a commercial electrical contracting business says the same thing. He's seeing a lot of the same things, e.g., extended payment times, that he saw leading up to the 2008 crash. |
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Posted: 5/12/2023 8:46:03 AM EST
[#18]
Quote HistoryQuoted: Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. Quote HistoryQuoted: Quoted: Logistics companies (first to know) have been seeing it for a while. Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. It’s a classic freight shakeout phase. Who can survive until capacity begins to match demand. The amount of equipment parked right now would surprise most folks. |
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Posted: 5/12/2023 8:50:07 AM EST
[#19]
Quote HistoryQuoted: lol, the dead wood will still get theirs from uncle feds... Quote HistoryQuoted: Quoted: Very likely. Recessions are not all bad. They clear out the dead wood. Prolonged periods of economic expansion result in inefficiencies. Companies can survive without being excellent. Employees can keep jobs without as much effort or skill. Resources get tied up in the hands of those who aren’t great at putting them to good use. A recession wrestles resources from the hands of poor-performers and reallocates them to those who will put them to more effective use. As a result the economy grows stronger, more resilient, and faster. It’s economic Darwinism in action. lol, the dead wood will still get theirs from uncle feds... Yep, too big to fail. Oh hi SVB. |
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Posted: 5/12/2023 8:53:33 AM EST
[#20]
Quote HistoryQuoted: It’s a classic freight shakeout phase. Who can survive until capacity begins to match demand. The amount of equipment parked right now would surprise most folks. Quote HistoryQuoted: Quoted: Quoted: Logistics companies (first to know) have been seeing it for a while. Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. It’s a classic freight shakeout phase. Who can survive until capacity begins to match demand. The amount of equipment parked right now would surprise most folks. Is this just domestic? International freight costs seem incredibly high. |
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Posted: 5/12/2023 8:57:48 AM EST
[#21]
Quote HistoryQuoted: Is this just domestic? International freight costs seem incredibly high. Quote HistoryQuoted: Quoted: Quoted: Quoted: Logistics companies (first to know) have been seeing it for a while. Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. It’s a classic freight shakeout phase. Who can survive until capacity begins to match demand. The amount of equipment parked right now would surprise most folks. Is this just domestic? International freight costs seem incredibly high. I can’t really speak to international freight other than to comment on import volumes falling off a cliff as well. It’s all part of the same general system, so unless there is a function of lag, they should be experiencing the same thing. |
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Posted: 5/12/2023 9:34:36 AM EST
[#22]
Quote HistoryQuoted: I can’t really speak to international freight other than to comment on import volumes falling off a cliff as well. It’s all part of the same general system, so unless there is a function of lag, they should be experiencing the same thing. Hopefully that means shipping containers get cheap. Was recently quoted $7500+delivery for a one trip HC. 
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Posted: 5/12/2023 9:35:10 AM EST
[#23]
DOOM !!!
somehow i think he'll be fine and even profit from it |
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Posted: 5/12/2023 9:37:16 AM EST
[#24]
Quote HistoryQuoted: DOOM !!! somehow i think he'll be fine and even profit from it He'll be fine. It's me I'm worried about... 
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Posted: 5/12/2023 9:39:56 AM EST
[#25]
Quote HistoryQuoted: Well, he just hired a WEF chairman to be the new Twitter ceo so there's that. https://pbs.twimg.com/media/Fv7kmyxWAAEtSYk?format=jpg&name=medium https://pbs.twimg.com/media/Fv7i15faAAA924Y?format=jpg&name=medium Ran NBCUniversal >>> MSNBC 
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Posted: 5/12/2023 9:41:07 AM EST
[#26]
Quote HistoryQuoted: DOOM!!! Pepper your Angus! Doom from the smartest and most successful businessman of all time, is slightly different an Arfcom basement dwellers doom? 
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Posted: 5/12/2023 9:42:35 AM EST
[#27]
Quote HistoryQuoted: Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. Quote HistoryQuoted: Quoted: Logistics companies (first to know) have been seeing it for a while. Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. Wow. Thanks for weighing in. How do those prices compare to “normal” pre covid pricing? |
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Posted: 5/12/2023 9:42:57 AM EST
[#28]
Quote HistoryQuoted: Logistics companies (first to know) have been seeing it for a while. This, freight in my area of trucking has been bad for awhile |
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Posted: 5/12/2023 9:45:04 AM EST
[#29]
Quote HistoryQuoted: Well, he just hired a WEF chairman to be the new Twitter ceo so there's that. Ahem, that would be a chairwoman... |
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Posted: 5/12/2023 9:47:19 AM EST
[#30]
Learn to swim.
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Posted: 5/12/2023 9:51:39 AM EST
[#31]
So what does an economic enema do exactly?
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Posted: 5/12/2023 9:53:40 AM EST
[#32]
Quote HistoryQuoted: So what does an economic enema do exactly? Flush it all away. |
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Posted: 5/12/2023 9:54:54 AM EST
[#33]
Quote HistoryQuoted: Musk is one of those people you would be foolish not to listen to. Doesn't mean he's always 100% correct, but he's more correct than anyone else. You cannot trust any of his estimates on when something will happen. If this gets house and vehicle prices back to 2019 levels it may be good. |
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Posted: 5/12/2023 9:57:59 AM EST
[#34]
I’m torn on this, I know many a people who are waiting for things like vehicle prices to drop and are just generally waiting to buy.
2008 didn’t have people standing by for impending doom. |
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Posted: 5/12/2023 9:58:10 AM EST
[#35]
Quote HistoryQuoted: So what does an economic enema do exactly? |
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Posted: 5/12/2023 10:02:08 AM EST
[#36]
Quote HistoryQuoted: DOOM !!! somehow i think he'll be fine and even profit from it Want to bet he didn’t send that out for sympathy and it was more a heads up to the people paying attention? |
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Posted: 5/12/2023 10:04:43 AM EST
[#37]
Quote HistoryQuoted: Ahem, that would be a chairwoman... Did you just assume their gender identity? OMG! I'm literally shaking right now! |
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Posted: 5/12/2023 10:05:33 AM EST
[#38]
Quote HistoryQuoted: Want to bet he didn’t send that out for sympathy and it was more a heads up to the people paying attention? I've been telling the people at my work that a nasty recession is coming. Still they are hiring like mad. Been here 28 years. I've seen the pattern before. We stay lean as hell, finally we get to fuck it and start hiring right about the time a recession hits. Then it's a fucking bloodbath. Also our industry is kind of weird. We usually do ok during the recession, the crap catches us about the time everyone else is seeing the light at the end. |
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Posted: 5/12/2023 10:06:33 AM EST
[#39]
Like...in a good way, or a bad way? |
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Posted: 5/12/2023 10:14:39 AM EST
[#40]
Quote HistoryQuoted: So what does an economic enema do exactly? Causes inflation diarrhea. |
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Posted: 5/12/2023 10:22:12 AM EST
[#41]
Quote HistoryQuoted: Very likely. Recessions are not all bad. They clear out the dead wood. Prolonged periods of economic expansion result in inefficiencies. Companies can survive without being excellent. Employees can keep jobs without as much effort or skill. Resources get tied up in the hands of those who aren’t great at putting them to good use. A recession wrestles resources from the hands of poor-performers and reallocates them to those who will put them to more effective use. As a result the economy grows stronger, more resilient, and faster. It’s economic Darwinism in action. Just like the last recession cleared out all the dead wood and helped to create an economy that is more resilient lmao |
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Posted: 5/12/2023 10:24:34 AM EST
[#42]
Learn to swim m’fers.
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Posted: 5/12/2023 10:32:40 AM EST
[#43]
Quote HistoryQuoted: Very likely. Recessions are not all bad. They clear out the dead wood. Prolonged periods of economic expansion result in inefficiencies. Companies can survive without being excellent. Employees can keep jobs without as much effort or skill. Resources get tied up in the hands of those who aren’t great at putting them to good use. A recession wrestles resources from the hands of poor-performers and reallocates them to those who will put them to more effective use. As a result the economy grows stronger, more resilient, and faster. It’s economic Darwinism in action. Hardly. In most businesses it's get rid of the higher earners that aren't c-level, give c-level bonuses for cutting dead weight while performance tanks because the high earners were typically the better performers. |
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Posted: 5/12/2023 10:34:21 AM EST
[#44]
lol
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Posted: 5/12/2023 10:36:36 AM EST
[#45]
Quote HistoryQuoted: Logistics companies (first to know) have been seeing it for a while. 12 months ago you couldn't find a square foot available for less than $2/SF/month in the inland empire. |
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Posted: 5/12/2023 10:37:36 AM EST
[#46]
Quote HistoryQuoted: Logistics companies (first to know) have been seeing it for a while. Yep. |
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Posted: 5/12/2023 10:40:28 AM EST
[#47]
WEF dolly now in charge of Twitter
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Posted: 5/12/2023 10:41:46 AM EST
[#48]
Quote HistoryQuoted: Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. Quote HistoryQuoted: Quoted: Logistics companies (first to know) have been seeing it for a while. Yep. Regional freight was $3-$3.50/mile and now it’s $1.50-$1.75/mile. No regrets on selling our trucks and trailers. Looking just like 2008 all over again. Our insurance rep just talked with one of his customers that’s O/O and he bought his truck 6 months ago for $250,000 and will be lucky to get $150,000 for it, he was looking to get out because of freight prices. I designed a trucking facility last year that is under construction and I'm working on a new one now. Both are cross docks. |
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Posted: 5/12/2023 10:46:26 AM EST
[#49]
Quote HistoryQuoted: Lease rates for warehouse space are tumbling and empty buildings are getting ignored. 12 months ago you couldn't find a square foot available for less than $2/SF/month in the inland empire. Quote HistoryQuoted: Quoted: Logistics companies (first to know) have been seeing it for a while. 12 months ago you couldn't find a square foot available for less than $2/SF/month in the inland empire. Interesting because we have a severe lack of supply here in Phoenix. Prices are high. Tons of expansion off the 303. Companies fleeing California due to the regulations coming in 24. Im in commercial RE. Currently being courted for a position to sell Peterbuilt’s for fleet operations. Lots to consider… |
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Posted: 5/12/2023 10:46:54 AM EST
[#50]
Quote HistoryQuoted: Recessions are not all bad. They clear out the dead wood. In theory, yes. In America, it just means more deadwood getting government checks. |
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