Are we fixing to see a huge purge in trucking?

IDK .. I agree it is kinda odd

 

Yeah bro let's do judge others and do personal attacks on the internet, that's real mature and o/o material right?

Look how the market played out since all the "warning". Many posts were news reports and statistics. All these things and first hand experience with insight I hear from brokers and shippers can be useful information

 

That wasn't a attack just a observation..

 

Uh huh and that was just my observation as well.

 

"examiners identified significant loan losses that had not previously been identified by the bank"

In other words, they were hiding the losses and doubling down in hopes of winning it all back.

The other possibility is a lot of small, state charted banks exist primarily to provide banking services for their owners who then tend to treat the bank's money as a slush fund for their businesses and their friends and not managing risk properly. The bank gets in bed with a Lone Mountain/Arrow Lease/etc company and is providing financing to individuals across the country with little to no due dillengence. That's fine as long as everything is on the upswing, but when things get a little turbulent it doesn't take much to fall off the edge.

 

No doubt it’s a tough Business. The inflation and interest rate hikes have killed the economy. I won’t be surprised if things get as bad, or even worse than 08/09. Something big is brewing in the monetary markets. The whole system is a scam. Work your ### off all your life for what? Food shelter and few shiny things.

 

Did the cave man do it any different?

 

Well they didn’t have government, taxes, regulations and all the headaches that entails for starters.

 

Speaking of Banks..Seems like one of my lenders Mitsubishi Capital formerly ENGS has a bunch of equipment for sale.
Anyone looking for deals don’t forget to check the banks.
Here’s a sample that they sent me. I would be all over that dry van if I had money to throw around.

 

We should not be printing billions of dollars and sending it to foreign wars when driving on Michigan roads feel like a war zone!