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Volume 11: Issue 4 | Date: July 19, 2021
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COMMERCIAL LENDING NEWSLETTER
You are receiving this letter because you are one of my Spartans - my top-producing brokers and investor clients - of whom I am allowed to have 300. Removal instructions are below. Today we’ll discuss whether it is a good time to expand your business. As always, we have lots of cute, clean jokes, funny pictures, and a video on Capybaras being the friendliest animals in the world.
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Joke Du Jour
"A British tech company has debuted new technology that lets clothing store mannequins talk about the outfit they are displaying. Said the inventor, 'The idea came to me in a nightmare.'" — Seth Meyers
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Here is What Blackburne & Sons Can Do
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Same Name Joke
Did you hear about the drummer who gave his daughters the same names?
Anna 1, Anna 2, Anna 3, Anna 4.
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- Today's Observation -
Is It Safe to Expand Right Now?
You own a small business. Your business is just recovering from the COVID Crisis. Wow, that PPP loan sure came in handy. There are some great business opportunities out there, assuming you can find enough employees; but you’re scared. It’s been 13 years since the Great Recession. Isn’t the next stock market crash and a bad recession just around the corner? Is it safe to expand your business right now? Should you order that big machine? Should you open a new division to sell doohickies? After all, doohickies are not that much different from your current widgets. Some of your existing customers might actually be buyers of doohickies.
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I say you should expand! Nothing is going on, and that is fantastic for American businesses. Left alone, and assuming they are not terrified, the owners of hundreds of thousands of small American businesses will invent new products and figure out new and cheaper ways to make widgets and whatsits. That’s the big advantage of American capitalism. Each business owner is motivated by capitalism and greed to make his business bigger and more efficient. Becoming more productive is the default mode for Americans. No communist commissar has to tell Americans what to do. We do it automatically. It’s our default mode.
Okay, George, and your point is…? Nothing is going on! And this helps by…? The lack of news is wonderful. President Xi of China is dialing back his bullying. New case of COVID are declining. We will probably never know if China was working on biological warfare and accidentally let a virus slip out, and that may actually be a good thing. No one is dragging China before the World Court, seeking trillions in damages. Nothing is happening, and that is flippin’ wonderful for business! Once again:
If left alone, and assuming they are not terrified, the owners of hundreds of thousands of small American businesses will invent new products and figure out new and cheaper ways to make widgets and whatsits.
Because the news is boring, I predict that the GDP numbers six months from now will surprise delightfully to the upside. Go expand your business.
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“But George, just 45 days ago you predicted a market crash in 18 months.” In order to have our next big market crash, we need to have some some big malinvestment, like empty, see-through office buildings in 1989, dot-com stocks in 2001, and subprime mortgages in 2008. I had suggested that some enormous losses in cryptocurrencies might be the next big malinvestment, but only after a far larger bubble had been formed. Since Elon Musk popped the bitcoin bubble, I am not seeing an even larger bubble in cryptocurrencies growing.
And as I look around for other bubbles and malinvestments, I see nothing glaring and obvious. No news is not just good news. Heck, it’s fantastic news. Go expand your business!
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Video Training Courses For The Newbie Commercial Mortgage Broker
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Soup Du Jour Joke
When the waitress in a New York City restaurant brought him the soup du jour, the Englishman was a bit dismayed. "Good heavens," he said, "what is this?"
"Why, it's bean soup," she replied.
"I don't care what it has been," he sputtered. "What is it now?"
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Best Value on Training Courses
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Fishing License Joke
A couple of young boys were fishing at their special pond off the beaten track when out of the bush's jumped the Game Warden!
Immediately, one of the boys threw his rod down and started running through the woods, and hot on his heels came the Game Warden.
After about a half mile the boy stopped and stooped over with his hands on his thighs to catch his breath and the Game Warden finally caught up to him.
"Lets see yer fishing license, Son!" the Warden gasped.
With that, the boy pulled out his wallet and gave the Game Warden a valid fishing license.
"Well, son," said the Game Warden, "You must be about as dumb as a box of rocks! You don't have to run from me if you have a valid license!"
"Yes Sir," replied the young boy, "But my friend back there, well, he don't have one..."
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On a Personal Note
When I first bought my house, the backyard was completely bare. The weeds were waist high, there were giant holes in what was supposed to be the lawn, and not a single plant (other than weeds) in sight. 6 years later, we have a beautiful backyard, full of life and color. Maintaining that backyard though, is a pain in the butt. That is why we adopted the "see a weed, pull a weed" strategy employed by famous succulent garden designer Laura Eubanks. Just like it sounds, if you see a weed, pull a weed. If there is a problem, you address it immediately. You would be amazed at how effective this is. This philosophy has been so effective for us, that we are starting to use it in our non-garden related life. By taking care of the small stuff now, it doesn't build up and become a big problem later. Whether it be doing the dishes, or reviewing files, if you follow the "see a weed, pull a weed" strategy your life will improve. Give it a try!
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George Blackburne IV
Loan Representative
(916) 338-3232 Ext. 314
georgeiv@blackburne.com
NMLS #382122
CA DRE #01873244
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Video - Capybaras Are So Friendly
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Final Funny
Marvin found the following ransom note slipped under his front door. "Bring $50,000 to the 17th hole of your country club tomorrow at 10:00 AM if you ever want to see your wife alive again."
But it was well after 1:00 PM by the time he arrived at the designated meeting spot. A masked man stepped from behind a bush and demanded, "You're three hours late. What took you so long?"
"Give me a break!" said Marvin, pointing to his scorecard. "I'm a 27 handicap.”
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Members of the Blackburne Family of Companies
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555 University Ave, Suite 150
Sacramento, CA 95825
P: (916) 338-3232
F: (916) 338-2328
CA DRE #00829677 // NMLS #103430
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