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Everything posted by Sniper

  1. That's why you need to be prepared, ahead of time. During Hurricane Sandy, many gas stations were shutdown, and weren't pumping gas, due to no power. I was able to buy all the filled 20 lb, tanks I wanted, from multiple sources.
  2. You could build your own lithium ion battery pack yourself for a heck of a lot less, with way more capacity.
  3. And I run mine dry every year, with zero problems, for decades. Summer equipment gets run dry for the Winter. Snow blower gets run dry for Summer storage. Starts next year every time, NEVER needed to touch a carb. Which is why I think propane is definitely the way to go. Never had to touch the carb or any adjustments on my genny. Plus, never have to screw around with gas storage, adding Stabil, rotating gas, and the dangers of having 5 gallon cans of gas sitting around. A tank of propane pretty much lasts forever, and never goes bad. Plus, in a pinch, almost every backyard has a 20 lb. tank of propane in it. The added benefit of propane is it's multiple use. One, for the barbecue, Two, for the genny, Three, for the portable heater, Four, for the gas fireplace, Five, for the camping lantern, Six, for the camping stove. Can't do all that with a five gallon jug of gas.
  4. Another DOT on the radar stating ammo to get even tougher to find, and might not improve for years. Last warning to stock up! ....."Jacobs tells ABC11 that his friends in the ammunition industry cite the shortage of primer as being a major factor. The primer is the chemical or device that is responsible for making the bullet combust, according to Jacobs. This key ingredient is manufactured in Italy, a country devastated by COVID-19 in recent months. "That created this huge backlog in the need for primers," Jacobs said. As a result, many shops are needing to raise ammo prices. Jim's Gun Jobbery has had to raise theirs by 100 percent. In addition, companies are having to prioritize who gets new shipments of ammo, creating longer wait lists for businesses. "There are certain manufactures that are only distributing to military and law enforcement. As far as the civilian market is concerned, that is only going to push the availability back," Jacobs said. According to Jacobs, he's hearing through the grapevine that this ammo shortage may last several years. He encourages gun owners to become more frugal with their ammo." https://abc11.com/society/gun-sales-continue-to-skyrocket-in-nc-amid-ammo-shortage/6360531/
  5. I wonder if this guy was reading my post here? Oh, and I have a Generac.... ........"Aaron Jagdfeld, CEO of Generac, in an appearance on “Closing Bell” said new battery technology has opened the door for households and businesses to become energy independent from the traditional electric grid and break away from centralized systems. “We think that there is a massive change coming real soon in the grid,” he said. “You’re going to see a lot more decentralized, on-site power generation, from solar to wind. Batteries are a key component of that, of course, because you need to be able to store that energy so that you can use it and deploy it at different times during the day.” Battery technology is a key component to power decentralized electrical systems, and Generac has made progress to gain exposure to the emerging segment of power generation, Jagdfeld said." https://www.cnbc.com/2020/08/07/generac-ceo-anticipates-massive-change-coming-to-the-power-grid.html
  6. So, we entered a Recession in February, and then all the Covid shutdowns happened. Which past Recession did you see this chart happen? During the last Great Recession, the highest weekly number for unemployment was 675K. So you feel that this slowdown is just minor and temporary, and the current number of people unemployed at 31 million will just blow over, and everyone will be back to work soon? And business will come roaring back?
  7. Really? I don't even know you! Don't let my wife find out....
  8. A battery bank is the way to go if you have a generator. There's no need to run the genny just to keep a few lights on. I have two battery banks and inverters. I fire up the genny for a hour or two, to get the fridges cold, and I charge the batteries at the same time. Then, when the genny is off, we run off the batteries for lights, charging devices, running a stereo or TV, etc. Then, like every 4 - 5 hours, I'll fire up the genny again, and go through the cycle. During Sandy, we also did a load of laundry during that time and ran the furnace. Running the genny on this cycle, I can go almost 3 days on one tank of fuel. And, I don't have to listen to the genny racket all day long.
  9. We got maybe 1" of rain, didn't even need to pump any out of the pool. Wind was worse, if we didn't get a piece of that tornado, it was really close. I saw the clouds spinning, and two neighbors across the street and one next door all had trees that were 12" in diameter, snapped in half. Two ended up in the street, and it took a bucket loader from the town, to move them out of the way. This was the worst damage in the neighborhood, so it will be interesting to see if it was actually part of that tornado. Been without power since about 1 PM.
  10. Seven years isn't enough to show the time line of a recovery after a recession?
  11. That should be interesting. I looks, based on predictions, it's going to be moving pretty fast. In 12 hours, it will go from the VA/NC border almost to MA, so it might not have a chance to drop a whole ton.
  12. Don't forget the eggs, bread and milk.
  13. Just remember, we officially entered a Recession in February, which is normally a look back at the two previous quarters of economic activity. This was before all the additional Covid shutdowns, layoffs and stagnant economic activity and Fed money printing the past quarter or so. What comes after a Recession?
  14. You might want to check this list. It contains some big companies, some that have never filed bankruptcy before who were major foundation companies, definitely not just local chains: https://en.wikipedia.org/wiki/Category:Companies_that_filed_for_Chapter_11_bankruptcy_in_2020 Oh, and just tonight, add Jos. A. Banks, Men's Wearhouse and Lord and Taylor to that list.
  15. I'm sure many are itching to get back, but there needs to be a place of business to go back to. Keep tabs on business bankruptcies: ...."But as the coronavirus pandemic roils the industry, more major retailers and restaurant chains have now have now filed for bankruptcy in the first seven months of 2020 than all of 2019. " https://www.businessinsider.com/retailers-filed-bankruptcy-liquidation-closing-stores-2020-2#the-entire-fleet-of-papyrus-stores-was-slated-to-shut-down-when-the-chains-parent-company-the-schurman-retail-group-filed-for-bankruptcy-in-january-1 And, the number of small business that have permanently closed: ...."But while temporary closures have dropped, the number of businesses that have permanently shuttered is rising. Of all the business closures since March 1, 55% (or 72,842 businesses) will never reopen again, which is up from the 41% that Yelp reported in its Local Economic Impact Report just last month." https://www.marketwatch.com/story/41-of-businesses-listed-on-yelp-have-closed-for-good-during-the-pandemic-2020-06-25 I actually started making major moves last Fall, when I saw the economy rolling over, and started playing "Prevent Defense". I'm down to a little over $250K active in the market, which I'm letting ride, because it's in areas that do well in downturns. If that $250K ends up getting vaporized, it really won't affect me. The bulk of my money is relatively protected (as long as a bunch of financial institutions don't go T.U.) And the above business stats doesn't even touch on upcoming evictions in this state: ....."“We’re going to see a tsunami of evictions. It’s like when the water pulls back and it looks like it’s getting better, but then it comes full force,” said Maria Lopez of the Ironbound Community Corporation, a Newark-based advocacy group. “Our communities are hemorrhaging, and I’m horrified.” Another 450,000 households across the state — 40% of renters — will be unable to afford August’s rent payment, adding to the $687 million in unpaid rent since March, according to the “COVID Economic Impact Report” released by consulting firm Stout, based on U.S. Census data. New Jersey could see as many as 304,000 eviction filings in the next four months, an estimated 600% increase from pre-COVID filings, the study predicts." https://www.nj.com/coronavirus/2020/08/15k-evictions-have-been-filed-despite-murphy-moratorium-renters-landlords-terrified-about-whats-next.html I guess that depends on your definition of "bad", is 60% a good or bad number?: ....."Restaurants and retailers remain especially hard-hit. Restaurants listed on Yelp have suffered 26,160 total closures as of July 10, and 60% (15,770) have permanently closed — which is up 23% from June 15. And it’s been last call for more than four in 10 bars and nightlife spots (44%) listed on Yelp, that will also never reopen.
  16. Where is this pent up demand coming from? There are currently like over 31+ million people still collecting unemployment (after a record 50+ million filing), and at this point, many of their jobs aren't coming back. This same time last year, there were a little over 1 million collecting. And these same people just lost the additional $600 weekly kicker. Not sure what "stuff" they are planning on buying?
  17. Here's a prediction of the "New Normal" in NJ, from a medical expert at Rutgers. Not looking good for the near future: ....."Today, in July, everyone is griping about the misery of the past four months during the nation’s first pandemic in more than a century. They’re anxiously awaiting a world a few months from now, when life surely must be starting to return to normal. But that life won’t be coming any time soon, experts say. Our new world of mass restrictions, social distancing mandates, and work and school disruptions is going to last through the end of 2020, if not much longer. People will be required to wear masks everywhere they go. Many of your favorite neighborhood restaurants, bars and small businesses will shutter. Sports teams will be playing before empty stadiums. The state and national economies will continue tanking, dragging the United States deeper into a depression. And that’s the best-case scenario, which includes finding a coronavirus vaccine and reliable therapeutics by the end of this year. “There’s no way that our prior life returns in 2020,” said Brian L. Strom, the chancellor of Rutgers Biomedical and Health Sciences. “If we’re really lucky, it might return in mid- to late 2021. But for 2020, you can think of this as the new normal.” Or as Julie Swann, a professor at N.C. State and an expert in health systems, infectious disease modeling and logistics, puts it: “This is the new abnormal, unfortunately.” https://www.nj.com/coronavirus/2020/07/how-will-coronavirus-impact-nj-for-the-rest-of-2020-we-asked-the-experts.html
  18. I think I remember getting it even less than that about a year or so ago, when there was a glut. Federal had a Black Box rebate going, and I think it ended up being like $6 a box. Ha... my wife thought I was having an affair with the UPS guy too, at that time...
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