- Aug 26, 2011
Until summer near us, any reputable contractors and the like are booked. A quality guy we work with shared some of his subs beelined to TX, OK, etc. Net net, HD , LOW and other suppliers dipped this week yet won't be run out of business soon. That's ignoring potential federal/state infrastructure stimulus projects.We are also doing some home renovation stuff, redid the deck in October, basement drop ceiling soon. Long wait for deck materials too. Corporate America is sitting on unprecedented amounts of cash. As long as interest rates stay this low, and there are no productive business investments available until Covid ends, money has no place to go except equities, commodities and crypto.
In TX, relatives with burst pipes has out-of-state ServiceMaster restoration guys arriving this week thanks to their RI insurer. Their local plumber was responsive, but has triaged clients' homes, done quick fixes, and won't do final work until after restoration, mold remediation, etc. He's told them he's working >12 hrs+ every day, then buying a bigger boat and retiring.
Equities & commodities: big world beyond the States and mainland China