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708.535.2200

Cheaper Brass, Rising Celery

July 13, 2022 - 2:13am -- Selcuk Gulboy

What if the popular wisdom is wrong? As usual. 

For many decades, the consensus was that if inflation gets too hot, the Federal Reserve must raise interest rates to tame it. Reduce demand for goods and services by making them more expensive, then people will purchase less and the pressure on prices will seep out like air in a balloon. It makes sense, seemingly. The Fed is the only powerful force capable of doing this in the American economy because Congress and the President have become helpless beasts stuck in Washington sludge, incapable of reducing federal spending.

Manufacturing in Africa? With Edwin Mbinkar–EP 158

June 30, 2022 - 3:31pm -- Selcuk Gulboy
Edwin Mbinkar, Director of Engineering High Tech Centre Yaoundé, Cameroon

I came into contact with Edwin Nyuysever Mbinkar a month ago, when he sent an email to Graff-Pinkert inquiring about an expensive Mikron 5-axis machining center on our website. He explained that he was the manager of a High Tech Centre (British spelling of “Center”) in Cameroon, and he wanted his school to have the first 5-axis machining center in the country.

Inflation, Recession, Pretzels?

June 28, 2022 - 12:30pm -- Selcuk Gulboy

You are confused about inflation, interest rates, recession—your job. I’m not going to act like the Wall Street economist who knows less than nothing, but proclaims there is a 10% to 90% chance of recession to justify their million-dollar paycheck. 

I’m going to tell you what is going to happen over the next year. Give me a grade next July 4th when the fireworks go off.

***

Trading Sanity for Stability in a Machining Company, with Matt Wardle—EP 157

June 13, 2022 - 4:18pm -- Selcuk Gulboy

By Noah Graff
 

Today’s guest on the podcast is Matt Wardle, owner and President of JD Machine Corp. in Ogden, Utah. JD Machine currently produces around 4,000 active part numbers, serving a diverse group of sectors, which include aerospace, defense, and medical.

Matt says he sometimes envies other machining companies who have a more narrow focus on the types of parts they produce because it simplifies their operations. Yet, he insists that producing a diverse group of parts is the best path for his company to have longterm success.

How a Machining Company Thrives after 108 years in Business, with Michael Ottenweller and Terry Hanson—EP 156

June 8, 2022 - 3:29pm -- Selcuk Gulboy
Michael Ottenweller and Terry Hanson

By Noah Graff

Our guests on today’s show are Michael Ottenweller and Terry Hanson, of Ottenweller Company, a medium-sized fabrication and machining company headquartered in Fort Wayne, Indiana. Ottenweller is a 108-year-old fourth generation family business. I spoke with Michael and Terry about how a family business can grow and thrive for over a century and continue to find new quality talent.

Who Am I Missing Out On?

May 24, 2022 - 4:28pm -- Selcuk Gulboy
The author at work

I wonder. How many people in the world do I already know who I’m missing out on doing great things with?

The used machinery business is quite good lately for Graff-Pinkert, though I’m probably jinxing this prosperous period by saying that. Sometimes I ask myself how I have contributed to make these deals happen. I know that sounds like a comment from a business person lacking swag, but it’s good to ask oneself why things are working while they are working. It often seems like we luck into our best deals. We just happen to serendipitously find the one person in the world looking for a legacy Hydromat HB45-12 or an INDEX MS42C CNC Multi-Spindle Mfd. 1999.

Getting lucky—finding that one guy (or woman) who wants to buy our machines—I think can be attributed to our customer network as much as anything. It sounds crazy, but I think at least 50 percent of the deals Graff-Pinkert makes include at least one party who we already have a past relationship with. We have relationships with a colorful cast of characters around the world, comprised of dealers, end-users, and auctioneers. A lot of these people I’ve really gotten to know well for many years, and I regard them as friends. We talk on the phone often, and they actually seem to genuinely care when they ask how my newborn son Abe is doing.

How a Machinist Entrepreneur Retired at 40, with Tyler Jarosz—Ep. 154

May 3, 2022 - 2:13pm -- Selcuk Gulboy
Tyler Jarosz, Former Owner of Twenty6Products

By Noah Graff
 

Tyler Jarosz sent me an email about a month and a half ago to ask if Graff-Pinkert would be interested in a used little parts washer he no longer needed in his machine shop. He found out about Graff-Pinkert from listening to Swarfcast, which I’m proud to say is the only podcast he has ever listened to.

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