strutzma

The Falling Real Price of New Cars

What Mark neglects to tell you is that Real Wages are zero to negative during this same period. There is no benefit to American Consumers over this time period except the availability of new and more exotic debt instruments that have buried Joe America to his eyebrows. You'll have to draw the flat line for wages across your computer screen for a better comparison, because Mark isn't going to reveal this dirty little secret.

Now There's An Ethanol Glut?! I Thought We Couldn't Make Enough

Isn't the "glut" a transportation issue? These producers are making ethanol faster than it can be moved. As far as PirateP goes, ethanol is added to gasoline to Increase the quality of the gasoline by adding oxygen, making the combustion process more efficient (Ethanol was a replacement for the former oxygen supplement MTBE). One of the most significant drawbacks of ethanol as an additive is that its absorption of water causes corrosion of storage and transportation vessels from pipelines to vehicle gas tanks, etc...
Still, Todd, I'd like you to address the issue of the "glut" in terms of transportation, if you would. I could very well be wrong, however this seems to be the greater issue with "glut".