i am in the transportation business, not sure about you guys but i am already feeling the beginning effects of reagenomics around here. our economy was booming, but its tapering off alot around here now.
transportation boom hit with bush's cuts and brought about alot of new owners into the business. now that the market is flooded transport trucks the price per mile has dropped way down because these guys have to pay for their new trucks and will accept low offers, 60% of these new owners are going out of business becuase of the low ppm, fuel prices, tires, and parts. seems as the only companies making profit are the oil companies,
i know everyone says that the market price of oil has went up, but that is not the reason for record profits is it? the oil companies always made alot of money, but never this much. they have increased price because they can. if they were to lower the price of gas they would still make a profit but not a record profit.
the effects of reagenomics has hit and it will be years before we can dig out of the whole we are getting ready to drop in.