Tales From The Coming Recession

wallyj84

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I work in logistics and part of my job is to coordinate with truckers/carriers. If you don't know, there has been a slowdown in freight recently and it has gotten so bad that carriers are calling and emailing me literally begging for work. Some have gone so far as to ask me to try and pull strings with third parties so they can get more freight. This is all happening during what should be the peak season.

Does anyone else have any stories or experiences that relate to the coming recession? If so, let's hear them!
 

Thikn2velvet1

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I work in logistics and part of my job is to coordinate with truckers/carriers. If you don't know, there has been a slowdown in freight recently and it has gotten so bad that carriers are calling and emailing me literally begging for work. Some have gone so far as to ask me to try and pull strings with third parties so they can get more freight. This is all happening during what should be the peak season.

Does anyone else have any stories or experiences that relate to the coming recession? If so, let's hear them!


We need a recession. Certain asset classes are overbought.
 

Perados

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I work in logistics and part of my job is to coordinate with truckers/carriers. If you don't know, there has been a slowdown in freight recently and it has gotten so bad that carriers are calling and emailing me literally begging for work. Some have gone so far as to ask me to try and pull strings with third parties so they can get more freight. This is all happening during what should be the peak season.

Does anyone else have any stories or experiences that relate to the coming recession? If so, let's hear them!
A friend of mine works for a supplier for Mercedes. The company planed to hire 10 new employees (an unlimited contract). They cancelled it.
You mean something like this?

If I remember correct another one told me that Amazon logistic centre in my area has cut some hours in the past weeks... but will have to ask again.
 

wallyj84

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A friend of mine works for a supplier for Mercedes. The company planed to hire 10 new employees (an unlimited contract). They cancelled it.
You mean something like this?

If I remember correct another one told me that Amazon logistic centre in my area has cut some hours in the past weeks... but will have to ask again.

Yeah, stuff like that. According to my boss logistics is one of the first sectors to be hit in a recession. So these are the early warning signs.
 

Perados

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Yeah, stuff like that. According to my boss logistics is one of the first sectors to be hit in a recession. So these are the early warning signs.
Yes, the real logistics... not Amazon's logistics. That's just like consume
 

gr8gatsby

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I work in logistics and part of my job is to coordinate with truckers/carriers. If you don't know, there has been a slowdown in freight recently and it has gotten so bad that carriers are calling and emailing me literally begging for work. Some have gone so far as to ask me to try and pull strings with third parties so they can get more freight. This is all happening during what should be the peak season.

Does anyone else have any stories or experiences that relate to the coming recession? If so, let's hear them!
Directly related to Trump's dumb ass tariff war. Someone I know who designs products to be made in China says the work is drying up.
 

wallyj84

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Directly related to Trump's dumb ass tariff war. Someone I know who designs products to be made in China says the work is drying up.

It is partially related to the tariffs. My shipments from China have dried up due to the tariffs, but they have also started to slow down from Japan and other countries.
 

keenobserver

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My husband and his photographer colleagues are seeing fewer sales in rural areas.

I’m seeing more anxiety over money among the elderly, given their fixed incomes.

NCbear (who foresaw the 2007-2008 housing meltdown, but nobody listened)

The Kodak Photo Finishing Store - a mainstay of our community which has operated for over 65 years here and also has a photo studio and professional photographers has converted itself into a laundromat. The photo operations only use 20% of the existing building, the laundry the rest and the adjacent building has been leased out for medical offices. It is a new world.
 

JulieInNaplesFL

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The sky is falling the sky is falling.

Funny my business is booming in fact I may have to hire another person shortly. Only time will tell.
My Hubby's business is going gangbusters and he's hired two people this year. He's in the service business so maybe that's why.
Life is good here.
If your business sucks maybe your in the wrong business or your management skill sucks.
 
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Thikn2velvet1

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The sky is falling the sky is falling.

Funny my business is booming in fact I may have to hire another person shortly. Only time will tell.
My Hubby's business is going gangbusters and he's hired two people this year. He's in the service business so maybe that's why.
Life is good here.
If your business sucks maybe your in the wrong business or your management skill sucks.

Most of the libs here are “wage slaves” and I use that term pejoratively here only because they hate their lives and everyone one of them wants government to save them. They are so impotent and couldn’t run a business or manage people.

They have no clue as to how challenging it is to create. Every liberal here is a dead beat wage slave, they probably have never filed for a federal tax id number, or handled payrolls. They all meet paychecks, not payrolls. They all suckle on the teat of the producers, such as yourself.
 
D

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The Kodak Photo Finishing Store - a mainstay of our community which has operated for over 65 years here and also has a photo studio and professional photographers has converted itself into a laundromat. The photo operations only use 20% of the existing building, the laundry the rest and the adjacent building has been leased out for medical offices. It is a new world.

It’s astonishing sometimes to think about all the businesses the smart phone, camera and internet has shuttered. The trusty old public telephones are all gone. They are museum pieces now. Watches, alarm clocks, 35mm cameras obviously, Yellow and White Pages, print newspapers and magazines under heavy siege. And the unthinkable the car industry may fall victim as who may need a car when your smart phone can summon a ride on demand?
 

Thikn2velvet1

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Here is what the wage slaves here have never done: built something. I am involved with a B2B cloud computing start up as a consultant and I have some $$ in it. The 3 people that started it likely won’t see a paycheck for at least 3 years. The CEO spends his days looking for seed money., in a sense going door to door begging for money. The COO spends all day managing employees and trying to create a viable product. They may never make one cent and could lose all their investment.

Obama can go fuck himself, he didn’t build jackshit and neither do wage slaves. I watch these bright young people work 14 hour days, raising kids and trying to build something and getting nothing in return, just hoping they will hit something big.
 

keenobserver

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Here is what the wage slaves here have never done: built something. I am involved with a B2B cloud computing start up as a consultant and I have some $$ in it. The 3 people that started it likely won’t see a paycheck for at least 3 years. The CEO spends his days looking for seed money., in a sense going door to door begging for money. The COO spends all day managing employees and trying to create a viable product. They may never make one cent and could lose all their investment.

Obama can go fuck himself, he didn’t build jackshit and neither do wage slaves. I watch these bright young people work 14 hour days, raising kids and trying to build something and getting nothing in return, just hoping they will hit something big.

. . . And you can than Al Gore for inventing the internet or you would not have anything to do. (j/k). Seriously without the involvement of the government there would likely not be an internet. You're welcome. Without the 'wage slaves' grand plans do not get implemented. Henry Ford could not build his cars himself. Without the wage slaves no one would have bought them - because they built them AND became buyers.
 

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The Kodak Photo Finishing Store - a mainstay of our community which has operated for over 65 years here and also has a photo studio and professional photographers has converted itself into a laundromat. The photo operations only use 20% of the existing building, the laundry the rest and the adjacent building has been leased out for medical offices. It is a new world.

You can’t be serious? The closing of the Kodak Photo Finishing Store is foreboding? LMFAO! I didn’t know they still were around!!!! Who goes to photo stores anymore?!?! Maybe old ladies but they’re probably going to Costco, or the corner CVS. It certainly IS a new world. It’s called cell phones in a digital age. Holy crap.

There could definitely be other “signs” but you gotta come up with something better than this, my friend.
 

TexanStar

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Most of the libs here are “wage slaves” and I use that term pejoratively here only because they hate their lives and everyone one of them wants government to save them. They are so impotent and couldn’t run a business or manage people.

They have no clue as to how challenging it is to create. Every liberal here is a dead beat wage slave, they probably have never filed for a federal tax id number, or handled payrolls. They all meet paychecks, not payrolls. They all suckle on the teat of the producers, such as yourself.

3cpf1a.jpg
 

gr8gatsby

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Most of the libs here are “wage slaves” and I use that term pejoratively here only because they hate their lives and everyone one of them wants government to save them. They are so impotent and couldn’t run a business or manage people.

They have no clue as to how challenging it is to create. Every liberal here is a dead beat wage slave, they probably have never filed for a federal tax id number, or handled payrolls. They all meet paychecks, not payrolls. They all suckle on the teat of the producers, such as yourself.
Gross
 
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keenobserver

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You can’t be serious? The closing of the Kodak Photo Finishing Store is foreboding? LMFAO! I didn’t know they still were around!!!! Who goes to photo stores anymore?!?! Maybe old ladies but they’re probably going to Costco, or the corner CVS. It certainly IS a new world. It’s called cell phones in a digital age. Holy crap.

There could definitely be other “signs” but you gotta come up with something better than this, my friend.

I never said it was foreboding. It is a sign of change. The location used to employ about 60 people on three shifts, seven days a week and a fleet of drivers that serviced drug stores and small groceries for a hundred mile radius. The digital change in photography as well as advanced cheap home printers eliminated nearly all of the need for places like this. The reality is the displaced workers from events like this usually wind up in lower wage or no wage situations and this plants some of the seeds for the coming recession. The large paper mill shuttered three months ago, and many of the workers now have new jobs - a half the wages they were making before. That will reduce spending and bill paying. Foreclosures are ticking up. The railroad cut hundreds of high paying jobs due to automated changes. I don't blame the railroad, it has no real choice, but those workers will be losing money and spending power which means less truck sales, mortgages and I'm betting a local store that mainly sold specialized footwear that railroaders were required to buy will close soon too. This is the world in 2019.

This is not the first time this type of change has occurred, but it will be the largest downsize in workforces in generations and it will be felt in what will be the Trump Recession. No, it has not started yet, but all the pieces are in place, and Trump, font of wisdom that he is has already spent all the ammo governments have to fight recessions - lower interest rates, tax cuts targeted to create jobs. His cuts merely took money out of companies and into profits for shareholders - that will not create jobs. The deductions for R & D have also been altered to diminish that as well.

When people are eliminated from the job market and economically downsized due to technology and plain old fashioned greed, it is foreboding.
 
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Jjz1109

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I never said it was foreboding. It is a sign of change. The location used to employ about 60 people on three shifts, seven days a week and a fleet of drivers that serviced drug stores and small groceries for a hundred mile radius. The digital change in photography as well as advanced cheap home printers eliminated nearly all of the need for places like this. The reality is the displaced workers from events like this usually wind up in lower wage or no wage situations and this plants some of the seeds for the coming recession. The large paper mill shuttered three months ago, and many of the workers now have new jobs - a half the wages they were making before. That will reduce spending and bill paying. Foreclosures are ticking up. The railroad cut hundreds of high paying jobs due to automated changes. I don't blame the railroad, it has no real choice, but those workers will be losing money and spending power which means less truck sales, mortgages and I'm betting a local store that mainly sold specialized footwear that railroaders were required to buy will close soon too. This is the world in 2019.

This is not the first time this type of change has occurred, but it will be the largest downsize in workforces in generations and it will be felt in what will be the Trump Recession. No, it has not started yet, but all the pieces are in place, and Trump, font of wisdom that he is has already spent all the ammo governments have to fight recessions - lower interest rates, tax cuts targeted to create jobs. His cuts merely took money out of companies and into profits for shareholders - that will not create jobs. The deductions for R & D have also been altered to diminish that as well.

When people are eliminated from the job market and economically downsized due to technology and plain old fashioned greed, it is foreboding.

Well, I don’t disagree with R&D. That is a key to any new business development opportunity.

That said, my post was in response to your comments, which were presumed to be in line with the titles’ thread. Advances in technology will always result in change. Jobs in a photo finishing stores, while honest and admirable, were never high paying careers. If workers chose that as a profession, so be it. But they would never be rolling in the dough, so to speak, while trying to make a living. Technology has elimated this almost entirely, as it has with other jobs. That’s what some folks might call as “progress.”

As for railroads, those companies associated with moving goods will remain. Commerce needs the rails. But those railroads involved with commuter transportation, for example, have their unions to blame for layoffs and modernization. Again, ‘ twas never a professioon that one might become rich, but was still admirable, and still respected. But when the unions force commuter tickets to run between $300-$400 per month, as they do for the Metro North / NJ Transit / Long Island Railroad commuter lines in the NY tristate area, for example. then the consumer will fight back, and complain. Mind you, many of these commuter lines are charging absorbidant monthly ticker prices, and are in the red because of the unions. So what happens? The unions have killed the golden goose, and the lines will look to technology to help run more efficiently, and more cost effectively.

Feel free to blame trump for a recession if it occurs on his watch. He’s in office, that will be on him. Just as the rise of the stock market is on him. Your logic is disingenuous, since you are upset that profits are going to well run businesses and shareholders (horrors!!! the typical socialist rant), companies that employ workers by the way.
 

Thikn2velvet1

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Cars replaced horses, eliminating livery jobs. Machine tools replaced metal crafters, backhoes replaced ditch diggers, self serve replaced gas jockeys. Airplanes replaced steam ships.

There will be more jobs, not less going forward, but you will have to really study and get skilled.
 
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