Radio today: Truck demand goes south - Any rumors?

[Stbentoak]

A major source affected is some of the palladium and other materials for Catalytic Converters is a good example.

The other even more ironic examole….. stay with me….

Neon….I said stay with me…….Neon is one of the major gases used in the production of laser welds of chips to circuit boards……the following is the irony.

Already a global Chip short…..the neon used for the assembly of some remaking chips to laser weld to circuit boards is in jeopardy……. That is prefect irony.

Again us plants nay not see any immediate impact but sometching to monitor.

. I brought all this up a month ago when the war started. The two major components of chips come from Ukraine or Russia. It doesn’t matter what auto makers think about chips, it’s what chip makers think about chips, who will pay the most for them, who needs them the worst, and what strategic industries will demand that their chip needs to be fulfilled before things like cars and Xbox’s….Having new chip factories doesn’t mean a thing if they can’t get raw materials. If Ukraine is laid to waste, it will be years and years before they can get back up to speed and get their infrastructure put together. It is truly tragic what is happening to the people over there, but it is equally as tragic as they are destroying infrastructure that will take many many years to rebuild….. no infrastructure….no factories, no jobs, no homes, and who’s going to pay for all of this? Russia? ……I doubt it.
Best place to be financially? Debt free please….and yes I’m a Boomer….

 

[xycrazy]

^This…pulled out $60k from the equity of our last house to build a shop with a nice driveway and redo the backyard landscaping. Got that money back plus much more when we sold a few years later

Try that during a recession

 

[tom3]

I've always thought that the Space Station was a low gravity sterile manufacturing facility (or farm) to produce (grow) the material in the super chips we use today. From what I can gather the Russians have the upper hand in that orbiter. Going to be real interesting to see how all this turns out. Might be a real long time before the situation gets back to normal.

 

[Vinnoto1]

Prices will only go up, even if there is more competition in this market.

The wait time for producing cars is an industry wide problem for the most part. Ford is having similar delays if you want to order their Expedition.

As far was rather having a 2023, have they confirmed any material changes from the 2022? I’ve heard most things on constraint or have been just no longer offered should be available, but other than that what is going to be the difference if you can get everything you want in a 2022 versus waiting for a 2023?

Super cruise is a possibility. They’ve been advertising it in the sierra with a larger infotainment system on TV. That would be a great add for 2023 but knowing GM it’s unlikely lol.

 

[RVAHokie]

$200k with 10 years experience? That’s what I was saying, it’s doable but not as common and easy as when everyone says “go into tech.” That’s exactly my point.

I’ve been a CRNA for 4 years with no student loans. My starting pay fresh out of college was more than $200k.

No that 200k number is very common, even on the low side. Your example of 200k as a CRNA isn’t really straight out of college though. You had at least 1-2 years of experience as a BSN RN in a high acuity setting plus 3 non earning years during your CRNA program. On top of that you came out on the very top of your salary range with less room for growth. I used to work for a top CRNA program so I’m very aware of the requirements, income potential, etc

So after 5 years you’re making 200k when someone in tech is probably the same, maybe more but with a much higher growth potential. Don’t get me wrong, you make great money but the tech person is going to blow you out of the water year over year. I work at AWS and get 30-100k in stock a year over the next four years. And that’s if it doesn’t grow at all. If I leave and go to google, Microsoft, etc they’ll double that. Again, the ceiling is 10x compared to most healthcare roles

 

[firsttimetahoe]

Try that during a recession

You can open up a HELOC today and you have 10 years to make a withdrawal from it.

Btw we had a recession (albeit quick) in 2020 during the covid pandemic and home
Values we’re soaring….

 

[xycrazy]

You can open up a HELOC today and you have 10 years to make a withdrawal from it.

Btw we had a recession (albeit quick) in 2020 during the covid pandemic and home
Values we’re soaring….

Yeah worked maybe last time because the Fed and the government were printing money like there‘s no tomorrow. That’s changing right now. Interest rates for 30 years have soared to 5%. Affordability goes down and so does home values over time until the FED is back in the game.

 

[firsttimetahoe]

Interest rates for 30 years have soared to 5%.

5% is still historically very low.

I don’t understand your rationale anyway.

You’re talking how it’s more advantageous to have your money in the stock market during a recession because you have access to it immediately for the purposes of needing to withdraw it. Your portfolio in the stock market is going to get crushed in a recession and that is literally the worst time to be withdrawing.

You sound like a classic buy high sell low investor

Investing your post taxable dollars in the stock market should never be your solution if you have short term liquidity needs. Frankly; if you may need access to your money within the next 2-3 years I would never advise you to invest in the stock market. It should be a long term approach.

 

[R32driver]

We dumped a small fortune into our new house (75 year old farmhouse) during the last couple years. Full kitchen, dining, laundry, office remodel. Added another bathroom. Re-roofed (5500 square foot of roof, ouch), all new appliances, completely new HVAC system with AC/heatpump. All cash out of pocket and I'd much rather have that money right here in a tangible asset than floating around in the stock market. That's just me though, much rather own dirt, buildings and vehicles/equipment. That stuff will always have value IMO

 

[xycrazy]

5% is still historically very low.

I don’t understand your rationale anyway.

You’re talking how it’s more advantageous to have your money in the stock market during a recession because you have access to it immediately for the purposes of needing to withdraw it. Your portfolio in the stock market is going to get crushed in a recession and that is literally the worst time to be withdrawing.

You sound like a classic buy high sell low investor

Investing your post taxable dollars in the stock market should never be your solution if you have short term liquidity needs. Frankly; if you may need access to your money within the next 2-3 years I would never advise you to invest in the stock market. It should be a long term approach.

5% is not low imho. Especially not when you consider how insanely high house prices are right now. I don't disagree with you when it comes to the impact on the stock market in a recession in general. However, there are sectors they do very well during a recession.

I just said that you have immediate access to money in the stock market as opposed to money sitting in a house. If the market changes and interest rates go up I can shift investments from growth stocks to bonds or high yield saving accounts. The FED is planning to rise interest rates in .5 increments after every fed meeting this year. We will have at least 6 meetings this year. That means an uptick in interest rates of another 3% at least. At this point one could easily put money in a high yield savings account without any risk. Also, there are always stocks during a recession which outperform the market. I'm not against a larger amount of down payment. But I'm against of putting all money in one basket and giving up flexibility. Which would be clearly the case here.

It sounds like you're not a big fan of the stock market. Granted. From a logical standpoint though you have much more flexibility to do with your money what you want.
Why do you think Warren Buffet doesn't invest in real estate at all but solely in the stock market since decades? He survived every downturn, every recession in the last decades and got richer and richer and richer... just saying...

You may want to take a look at the charts below. Never before have we seen interest rates skyrocketing like this. Right before the 2008 crash they were at the same level. We're on the way to a recession caused by the government and FED IMHO. Diversification of a portfolio is important imho. And the S&P 500 did very well during recession times... After a recession the S&P always reached new highs. You can't say that for the housing market per se. Think about Michigan, Illinois, Ohio, etc.