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Re: Feds keep interest rates [Re: SGT. C] #8106139
03/23/24 01:05 AM
03/23/24 01:05 AM
Joined: Mar 2014
Posts: 3,655
Central Texas
C
Chancey Offline
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Chancey  Offline
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Joined: Mar 2014
Posts: 3,655
Central Texas
No. They will hire him in a heartbeat.
But from Jackson, MS to Orla, Texas is about a 14 hour drive and 900 miles. I've done it. Actually, I drove from Orla, TX to Eupora, MS which is further. Sure you can do it in an old beater, but it sucks to be broke down on the side of the road 500 miles from home. No friends to call. I've been there.


Resident Conspiracy Theorist
Accused Moron, Nazi, Low IQ, and Putin Fan Boy
Re: Feds keep interest rates [Re: SGT. C] #8106142
03/23/24 01:12 AM
03/23/24 01:12 AM
Joined: Mar 2014
Posts: 3,655
Central Texas
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Chancey Offline
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Chancey  Offline
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Joined: Mar 2014
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Central Texas
Best if the 22 year old gets in with the fields in NW LA. Its about a 5 hour drive from Jackson, MS.
Lots and lots of work there right now.


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Re: Feds keep interest rates [Re: SGT. C] #8106144
03/23/24 01:16 AM
03/23/24 01:16 AM
Joined: Mar 2014
Posts: 3,655
Central Texas
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Chancey Offline
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Chancey  Offline
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Joined: Mar 2014
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Central Texas
The two main companies I contract for in that area are SWN and Williams. They are rolling and hiring left and right.
There are others as well but that's the companies I know.


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Re: Feds keep interest rates [Re: Chancey] #8106147
03/23/24 01:24 AM
03/23/24 01:24 AM
Joined: May 2011
Posts: 16,610
Oakland, MS
yotetrapper30 Offline
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yotetrapper30  Offline
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Joined: May 2011
Posts: 16,610
Oakland, MS
Originally Posted by Chancey
No. They will hire him in a heartbeat.
But from Jackson, MS to Orla, Texas is about a 14 hour drive and 900 miles. I've done it. Actually, I drove from Orla, TX to Eupora, MS which is further. Sure you can do it in an old beater, but it sucks to be broke down on the side of the road 500 miles from home. No friends to call. I've been there.


It was a hypothetical question.

I'm 43 years old and have never once owned a car newer than 15 years old. The one I'm driving today is 24 years old. Drifter is a good deal older than me and has also never bought a new car. The one he is driving today is 20 years old. For 15 years straight we drove to the NTA convention every year in one of our trucks, and it was never nearer than 700 miles. I've drove dozens of times from NY to IL, from IL to MS, from MS to NY.... all of which are 13-16 hour one way trips. Do you break down sometimes? Sure. I did once from a convention in IN to home in NY and he did once on a trip from IL to MS. When that happens, you deal with it.

My situation from IN to NY was particularly bad because my truck was Canadian made and American made drive shafts apparently didn't fit it. I had it towed to a machine shop and they had to make a drive shaft to fit it. Nevertheless, for less money than your monthly truck payment I was on my way again the next day.

Of course, breaking down on the side of the road sucks, but it sucks a lot less than $15k a year truck payments!


~~Proud Ultra MAGA~~
Re: Feds keep interest rates [Re: SGT. C] #8106149
03/23/24 01:30 AM
03/23/24 01:30 AM
Joined: Mar 2014
Posts: 3,655
Central Texas
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Chancey Offline
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Chancey  Offline
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Joined: Mar 2014
Posts: 3,655
Central Texas
I make those drives several times per month. There's only so much you can put into a beater and push it.
Breakdowns cost time and sometimes jobs and money lost. I have to know when I drive 600 miles, that I won't break down.


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Re: Feds keep interest rates [Re: Steven 49er] #8106152
03/23/24 01:53 AM
03/23/24 01:53 AM
Joined: May 2011
Posts: 16,610
Oakland, MS
yotetrapper30 Offline
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yotetrapper30  Offline
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Oakland, MS
Originally Posted by Steven 49er
Deflation is bad for a debt based economy.


Trying to digest that statement.

Bad on a macroeconomic level because deflation goes hand in hand with higher interest rates which increases the interest on our national debt?

Bad on a microeconomic level because so many individuals are mired in debt?


~~Proud Ultra MAGA~~
Re: Feds keep interest rates [Re: Chancey] #8106165
03/23/24 04:23 AM
03/23/24 04:23 AM
Joined: Feb 2020
Posts: 8,972
Indiana
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Providence Farm Offline
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Providence Farm  Offline
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Joined: Feb 2020
Posts: 8,972
Indiana
Originally Posted by Chancey
I make those drives several times per month. There's only so much you can put into a beater and push it.
Breakdowns cost time and sometimes jobs and money lost. I have to know when I drive 600 miles, that I won't break down.


Hmm new vehicle never break down? Interesting.

Interest rates are high so don't take out a loan. If your job pays well enough you shouldn't have to. Drive am old truck put payment money in savings for break downs each month then pay for the new truck cash out of the same account in a year and a half maybe 2.

If your truck is required and you wear it out so fast that should be a business expenses figured in and taken out of your check like taxes. Or at the least subtracted along with fuel tools and other things you need to do your job off your income.

Once that's is subtracted your not making as much as you thought. Maybe you would be better off making less at a job that doesn't require so much expense.

I went through this process trying to decide if it was worth the pay cuts and reduction in benefits to take a job close to home. It's humbling to pay attention and see how much money I was actually spending and the wast/useless money that goes along with traveling for work. Just what I spend on fast food and convenient store drinks and snacks was mind blowing.

I'm 43 never bought a new vehicle had a couple a year old though. Currently my every day driver is 27 years old. Two of your payments pays for about all my vehicles expenses in a years. That includes things like tires and oil changes that your new truck will need on top of your payments. I live 127 miles from work so do some driving each year.

It's just a different way of looking and doing things. One of my year old trucks left me broke down more than my 27 year old truck. Also if I get sick, laid off or otherwise reduced income or no income coming in I don't have a big payment over my head. I'm not saying your method is wrong just pointing out there are other ways of doing things and why I prefer them. Years a new truck would be nice, more comfortable, and look nicer. But it won't build my net income any more than my old truck infact it will cost me more. The added comfort is not worth the cost to me let alone the piece of mind knowing if I can't work I don't have payment I have to make. Not having payments and paying interest allows me to save and invest more. That is true reliability to me. I'm retiring one month after my 57th birthday July first 2036. And I will have enough saved and invested to be comfortable and secure. See putting that 10k a year more your paying on that truck in investments will pay off big time vs making bankers rich. I don't like debt because debt ito me is slavery. I still have some debt but have moved from debt slave to indentured servant and soon will be a free man.

Re: Feds keep interest rates [Re: Providence Farm] #8106221
03/23/24 08:48 AM
03/23/24 08:48 AM
Joined: Jan 2024
Posts: 25
MN
S
Skin em Offline
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Skin em  Offline
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Joined: Jan 2024
Posts: 25
MN
New vehicles and their expenses are more about appearances than value ,, Lots of folks need to put up a certain appearance for those around them to massage a self worth thing ,, Im glad some one buys new ones so i can buy used ones , when im done with a truck even the rest of the parts are wore out and they sit around for years then the scrap man gets em ,, Zero interest paid out

Re: Feds keep interest rates [Re: yotetrapper30] #8106241
03/23/24 09:32 AM
03/23/24 09:32 AM
Joined: Dec 2010
Posts: 11,205
Armpit, ak
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Dirt Offline
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Armpit, ak
Originally Posted by yotetrapper30
Originally Posted by Steven 49er
Deflation is bad for a debt based economy.


Trying to digest that statement.

Bad on a macroeconomic level because deflation goes hand in hand with higher interest rates which increases the interest on our national debt?

Bad on a microeconomic level because so many individuals are mired in debt?




Deflation will get you lower interest rates and printed money aka 2008 and 2020.


Who is John Galt?
Re: Feds keep interest rates [Re: Dirt] #8106251
03/23/24 09:50 AM
03/23/24 09:50 AM
Joined: May 2011
Posts: 16,610
Oakland, MS
yotetrapper30 Offline
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yotetrapper30  Offline
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Oakland, MS
Originally Posted by Dirt
Originally Posted by yotetrapper30


Trying to digest that statement.

Bad on a macroeconomic level because deflation goes hand in hand with higher interest rates which increases the interest on our national debt?

Bad on a microeconomic level because so many individuals are mired in debt?




Deflation will get you lower interest rates and printed money aka 2008 and 2020.


Thanks Dirt. I was thinking about higher interest rates possibly leading to deflation, not about the Fed lowering rates if deflation is occuring.

But, isn't lower interest rates what a "debt based society" would want?

I'm still confused.


~~Proud Ultra MAGA~~
Re: Feds keep interest rates [Re: SGT. C] #8106254
03/23/24 09:58 AM
03/23/24 09:58 AM
Joined: Dec 2010
Posts: 11,205
Armpit, ak
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Dirt Offline
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Armpit, ak
Artificially low rates will definitely increase debt. When rates are below inflation , you would be silly not to take that deal.


Who is John Galt?
Re: Feds keep interest rates [Re: SGT. C] #8106271
03/23/24 10:23 AM
03/23/24 10:23 AM
Joined: May 2010
Posts: 10,485
MN
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Steven 49er Online content
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Steven 49er  Online Content
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MN
Angela, think of it like this, inflation decreases the value of debt. Borrow a dollar today and pay it back with one that is worth less.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Feds keep interest rates [Re: SGT. C] #8106615
03/23/24 09:15 PM
03/23/24 09:15 PM
Joined: Jan 2019
Posts: 3,636
North central Iowa
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Bob_Iowa Offline
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North central Iowa
Deflation is supposed to increase the value of the dollar so you can buy more goods and services with a dollar.

On a side note I see where the dollar value against other currency has increased the past week not sure how that fits in to the situation.

Re: Feds keep interest rates [Re: SGT. C] #8106658
03/23/24 10:26 PM
03/23/24 10:26 PM
Joined: May 2010
Posts: 10,485
MN
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Steven 49er Online content
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Steven 49er  Online Content
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MN
Deflation is good for a saver. Not so much for a debtor nation.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Feds keep interest rates [Re: SGT. C] #8106672
03/23/24 10:37 PM
03/23/24 10:37 PM
Joined: Aug 2012
Posts: 3,993
South Dakota
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Rat Masterson Offline
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Posts: 3,993
South Dakota
If the Fed. starts cutting rates 3.5% inflation or greater will be with us for a while.

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