Insight Is Where You Find It

I use a commercial gas station. It requires a card and is unattended. You even need the card for the rest rooms. I have the card because I am officially an employee of one of my oldest clients , the owner gives me health insurance on his plan and I am his CFO when he needs one.

One time, long ago, after we had navigated several fires and frying pans, he was on the verge of recovery but he got hit with a huge county tax bill demanding payment in full or the sheriffs yellow tape would be on his door.

His credit was tapped out, he had just emerged from Chapter 11 and his cash flow was just beginning to recover.

I did one of those things which violated almost every code of the consultant that ever existed. I loaned him my own money to keep him alive. I have never done it again, but I got a friend for life.

I got paid back over a few years and the perk I got was a company gas card in lieu of interest.

One great thing about the station is you can gauge the state of the economy just by observing the flow while you fill up.

During the years of the Light Bringing Obama, you saw very little activity. The occasional tradesman with a van or pickup, mostly public workers with school buses and police cars. It was a cold, unfulfilled place.

For the last two years, it is always crowded. Semis hauling steel trusses, trucks and trailers with construction services, landscapers, car dealer service guys filling up new cars ready for sale that day, concrete mixers, guys hauling backhoes and D-5s, all showing up for gasoline, diesel and conversation.

This crowd smiles a lot. They look like busy people with a purpose in life. They ask about your rig, you ask about theirs and the conversation begins.

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Author: TKC 1101

Unintentional Man of Mystery. - Curmudgeon, Reserve Status - Heinlien American - Business Advice and Salvage - Proud Grandfather-

9 thoughts on “Insight Is Where You Find It”

  1. TKC, you must have known this client was good for the loan or you would have thrown him a “brick” when he was “drowning”.

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  2. Another example similar to TKC’s….as we wander about the northwest camping here and there, some roads we frequent quite a bit.  Not too many years ago, namely the Light-Bringer years, as we went through rural small towns, many buildings needed a fresh coat of paint, some had windows boarded up, a sure sign of failed dreams, and in general things were just a little dreary and too quiet.  But now!  Sherwin Williams is doing bank-office business, new ventures have retired the boards, new buildings have sprouted up, and people are smiling more.  No science or statistics involved in these observations and conclusions, but since I’m the smartest man in the world, be assured.  The reality of all these small observations and changes are what under gird my faith in the overwhelming reelection of the Orange Man.  Reality: boy howdy do the committed lefties hate that concept.

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  3. I’ll chime in with my observation about the booming economy and the arts: our little musical theater group petitions local banks and businesses annually to be ‘sponsors’ to the group – to chip in $250 or more just to help us cover expenses, and they get comp ticket perks in return. For nine years we had no bites – nothing from anyone during the Obama years. Then last year we had 3 or 4 business give the minimum, and this year we raised $5000 in pure donations, all from small banks & area businesses. This paid for much-needed audio equipment for our June show.

    The libs in the group think we’re just lucky – I know companies never would have been so generous if the economy weren’t so good.

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  4. God Bless you TCK for saving a piece of Americana from the ravenous state. May you continue to  have an endless supply of petrol.

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  5. 10 Cents:
    you would have thrown him a “brick” when he was “drowning”.

    The essence of my practice is to not accept client  I cannot commit to. Once I get hired, I am in the fight with the owner.

    I have had some not make it. I threw bricks to cover their retreat.

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  6. It’s great to read these reports from the real world versus the fake news agitprop produced by the legacy media. Granted, they are anecdotal but they have the ring of truth. There’s plenty of statistical data to back up the anecdotes. Besides, the plural of anecdote is data.

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  7. TKC 1101:

    10 Cents:
    you would have thrown him a “brick” when he was “drowning”.

    The essence of my practice is to not accept client  I cannot commit to. Once I get hired, I am in the fight with the owner.

    I have had some not make it. I threw bricks to cover their retreat.

    You ride for the brand.  Ain’t nothin’ nobler than that.

    Outstanding.  Thank you.

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  8. There are some economists who seem to make more sense than most.   Snooks follows Fritz Meyer, who says the Fed’s model is broken.

    https://advisors4advisors.com/empty/18705-fritz-meyer-fed-s-economic-forecasting-model-is-broken

    That link is just an ad.   What he said in his latest bulletin was that the business cycle model that the Fed uses is based on conditions that prevailed back in the 1970s and 1980s when manufacturing was still driving a larger share of the economy.   The Fed is trying to figure out if parts of the cycle are getting skipped, and he says of course they are, and the Fed keeps looking for things that aren’t there.

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