October Surprise: U.S. Economy Booms

a reply to: CriticalStinker

Plus we still don't know what the fallout will be on the real estate side of things since there has been forced temporary relief on tenants and other measures.

Maybe it will cause houses to become super cheap and I will finally be able to buy a home?
Using my savings of course.

I hope you guys have all been saving.

originally posted by: ketsuko
I will repeat: I don't spend money if I don't have it.

Husband still has some student loans and had a deferral from that too, but we kept right on paying.

So people who think this is all a get out of jail free card are nuts and stupid.

Some people have to spend money even with their mortgage deferred, they may have many other financial obligations.

a reply to: JinMI

I don't know. Part of it is that we may just be looking at a situation where some places are mostly open and other places aren't. It may really be this weird and all the rules are changed.

originally posted by: scraedtosleep
Maybe it will cause houses to become super cheap and I will finally be able to buy a home?

Not in the burbs, it's all NY plates by me as people leave parts of Manhattan and Brooklyn, we're having a housing bidding war in my neighborhood, they're on the market for a week or two tops now.

originally posted by: AugustusMasonicus

originally posted by: JinMI
Its enough to get through an election cycle though.


Dems won't even put up an argument to the contrary of a net positive economy based on fresh monopoly money and that speaks volumes in this climate.

Yeah, it's like fighting over a stinking whale carcass.

Who wouldn't want to fight over a stinking whale carcass?

originally posted by: AugustusMasonicus

See the post three above this one to find out why someone thinks you're wrong.

It proves he is wrong.

originally posted by: LSU2018
Who wouldn't want to fight over a stinking whale carcass?

If the whale carcass was DB's I'd be all over that thing.

a reply to: ketsuko

so where is that coming from

Rich people?
People using their savings?
People on walfare?
People on unemployment?
Or people like my mom that get a disability check each month?

originally posted by: Ringsofsaturn777
It proves he is wrong.

Yup, one report totally shoots it all down. None of us know what we're on about, keep sniffing the unicorn farts.

a reply to: Ringsofsaturn777
Or Worse

a reply to: AugustusMasonicus
Trends Transforming the Trucking and transportation Industry - Oct 2020

Job Demand – There is an ever-growing demand for truck drivers and experts believe that the trucking industry needs to hire at least 900,000 more people to meet the growing demand for truck drivers.

originally posted by: AugustusMasonicus
Yup, one report totally shoots it all down. None of us know what we're on about, keep sniffing the unicorn farts.

Right.. a comprehensive survey of the entire industry is wrong.. "some guy" on ATS is correct.

a reply to: MetalThunder

Duh.

From your source:

1. Carrier Bankruptcy
Over the past few months, several large and small trucking companies have closed their doors for business owing to harsh market conditions that are currently prevalent within this industry.

3. Higher Number of Mergers
While a large number of companies within this industry are going under as a result of the harsh market conditions...

5. A Market Flip

While the trucking industry might not be in the best market situation currently, there are some experts who are enthusiastic and optimistic about 2021...

6. Changes in Pricing
The pricing that truckers currently operate at is considered to be incredibly low, so much so that truckers earn far less than the average American.

Looks reallllll promising.

a reply to: AugustusMasonicus


Yes I work in that industry but so does the person in the article.

We choose who we want to listen to.

I will say this to metalthunder, unlike the person being interviewed for that article, I do not have to tow the company line here on ats.
That guy can't really tell the journalists the real truth of what is happening on the ground in these companies. Bad press. Bad pr for the companies.

When I speak with our clients I can not tell them the stuff that I have told you guys here. I will be fired if I do.

originally posted by: Ringsofsaturn777
Right.. a comprehensive survey of the entire industry is wrong.. "some guy" on ATS is correct.

LOL, read the above post.

Statistics without context are meaningless. There's your context.

a reply to: MetalThunder


unlike the person being interviewed for that article, I do not have to tow the company line here on ats.
That guy can't really tell the journalists the real truth of what is happening on the ground in these companies. Bad press. Bad pr for the companies.

When I speak with our clients I can not tell them the stuff that I have told you guys here. I will be fired if I do.

originally posted by: scraedtosleep
When I speak with our clients I can not tell them the stuff that I have told you guys here. I will be fired if I do.

The second link is more of what you were saying. Not exactly good when you need to hire people for the reasons listed.

originally posted by: AugustusMasonicus
a reply to: MetalThunder

Duh.

From your source:

1. Carrier Bankruptcy
Over the past few months, several large and small trucking companies have closed their doors for business owing to harsh market conditions that are currently prevalent within this industry.

3. Higher Number of Mergers
While a large number of companies within this industry are going under as a result of the harsh market conditions...

5. A Market Flip

While the trucking industry might not be in the best market situation currently, there are some experts who are enthusiastic and optimistic about 2021...

6. Changes in Pricing
The pricing that truckers currently operate at is considered to be incredibly low, so much so that truckers earn far less than the average American.

Looks reallllll promising.

Heavy-duty truck orders rebounding from COVID slump

After the early pandemic days of uncertainty, when OEMs shut down production, heavy-truck build levels plummeted. But production has recovered quicker than in past recessions, and demand has set up the industry for a booming future.

a reply to: MetalThunder

It's nice that they're building or thinking of building trucks, call me when they sell them and they're actually hauling goods.

originally posted by: AugustusMasonicus
a reply to: MetalThunder

It's nice that they're building or thinking of building trucks, call me when they sell them and they're actually hauling goods.

AUGUST TRAILER SALES: “SKYROCKET” IS AN UNDERSTATEMENT

“There was significant pent-up demand for van trailers coming out of the economic shutdowns. Now fleets are feeling much more confident about the freight markets and ordering trailers they would have booked in April or May, under normal conditions,” he says regarding trailer sales numbers. “There was also pent-up demand at the dealer level, with some dealers reporting record sales volumes for July and August, which are traditionally the slowest months of the year. Dealers now are placing restocking orders much sooner than expected.”

CONCLUSION
The number of trailer sales is currently rising so fast that to call it a skyrocket would be a disservice.

do you want me to go on ? I'll leave ya be .. you can find me if ya want lol

LoL

originally posted by: AugustusMasonicus


Duh.

You keep using the micro data to dismiss the macro data.. there are always companies going bankrupt for a whole variety of reasons. Always. No matter how good the economy is. "Some companies are shrinking or closing" is not good evidence for anything, its a constant.