POSSIBLE RECESSION and starting as and Owner Operator?

If I failed to act on a business decision because of a potential recession, I would never get anything done. The economy is always on the brink of a recession, so just plan for it and keep dept to a minimum.

 

Rates continue to lower but it’s due to a glut of trucks because everybody and their brother, sister, and 2 cousins have bought trucks. Hence the hundreds of other threads like this one.

Search for my thread titled New Owners The Ship Has Sailed. It’s for guys like you.

The Fed is getting way too carried away and purposely sabotaging our country. Inflation is fine and we’re fighting a trade war. Need to keep gas on the fire (low rates).

Edit: if your hell bent on getting started then do as the others have suggested and keep your debt low and your cash flow high. You want to do that at all times but a down turn is even more important to.

 

Start closer to May, that's when things get busy. Looks like the first quarter of 2019 will be tough and it will be especially hard for you with a new authority

 

The Fed knows there is a recession comming and they know they have to raise the rates. The rates were near zero and going into a other recession with rates as low as they are is very bad news.. Added to this, instead of our govt paying down debt while the econemy was good they lowered taxes and added more debt.. The next one will not be good..

As far as trucking or any business going into a recession. Who knows.. biggest thing is if you can operate with no debt then you have a good chance but if you are paying a $2-$3k truck payment then maybe not..

 

We've made B&G money for months. Bring it on baby.

 

It's been said before, but there is not a POSSIBLE recession coming, it's GUARANTEED a recession is coming.

We're just arguing about when.

A sound business plan PLANS for both good times, and bad. Unless you have a plan that allows you do do better as an O/O than as a company driver during a recession, don't become an O/O.

Or make a better plan. In business, Hail Mary passes aren't good strategy......

 

The GUARANTEED MONSTER SKY IS FALLING RECESSION has been on the way since '10, per the experts.

Are we there yet?

Glenn Beck in like '08 or so "CEREAL WILL BE $25 A BOX."

I still have like half a 53 footer full of Apple Jack's I've been eating for 11 years.

 

We don’t have a tax problem, we have a spending problem. After the tax cuts the gov is taking in more then ever before.

They had already raised the rates plenty, at this point it seems as if they want to cause a recession to hurt the Presidents 2020 chances. Sabotage from within just like normal.

 

I will agree with the "spending" problem but the rest of what you posted is not accurate...

The treasury information is publicly posted every month...

2018 since the tax cuts , tax income is down... not taken in more than ever before, that's BS.. It dropped massively at the start of 2018 and is slowly going up because the econemy is still growing, but it's well under 2017, 2016 and even 2015.. You have to go back to 2014 to get to the level of tax collection we are at right now...

The big tell, tell sign with be once the 4th quarter is released.. The 4th quarter has abilty to be up or down because there was a big rush pre tariffs to buy, buy buy but then it all stopped.. The real signal with be 2019 1st quarter.. by then we will all know..

You can check it yourself on this page, just set the graph for 5 years..

Federal government current tax receipts


Fed raising rates doesnt seriously harm the econemy.. the feds have raised/lowered rates for as long as they have been in existance.. That doesnt crash econemies.. Trade wars on the other hand.....

 

We have a over bloated government with to many fingers in the pot, then a dude who is not really either one of them, already has a large stash. They scared. I liking it.