The rates are down…what's to come?

Sigh, meaning when the artificial inflation ends our debt payment will come due when China stops lending us money.

 

I doubt it, if they stop lending it back to us it becomes worthless. What else can they do with it ? Having other countries in possession of greenbacks only bolsters it.

sigh... I know the theory, don't believe the hype bro. Currency can fail, sure. But the China scenario of slashing dollar values is not likely.

 

I would think to China its the lesser of evils. They lend us money we buy their crap and keep their economy rolling and civil unrest down. Plus they get to buy up Manhattan.

 

As of 2014, China held about 7% in US Bonds.

The reason they are doing this is to keep their currency down so that US/China trade is more attractive (actually, everyone and China trade since the global economy is dollar based). For them to sell or stop buying would hurt them now more than every.

And actually would hurt us less since we have started to produce more in the US.

We live in a global economy. Get used to it and get educated on how things have changed over the last decade. This will never get unwound.

 

We are chasing watermelons right now. Big bucks. Need vented vans.

 

I start seeing the rates rebound. Now averaging 2.10$ a mile, 3000 miles a week. Last month's was 1.70-1.80$ a mile. Harder to start moving from Chicago, but once I get south, the rates I get are 2$/m or above.

 

What are you pulling?

 

Dryvan, general stuff...

 

From brokers?

 

Yes loadboards and brokers