logicalthought

Auto Sales Stabilize in October

>>With an annual sales rate of 10.3 million light vehicles, it would take more than 23 years to replace all vehicles on the road in the U.S. This is well in excess of the historically normal replacement rate...<<

Modern cars last longer than ever. The oldest car in that "23-year cycle" would be a 1987 model, and I'll bet that even the bulk of '87s (and, of course, the '90s, '91s, etc.) are still quite roadworthy and thus wouldn't HAVE to be scrapped. Sure, their owners would probably LIKE to replace them with newer models, but if the unemployment (and low-wage) situation continues, we could wind up with a 10.3 million-unit annual sales rate for a very long time to come.

Chrysler: Bulls, Bears Make Money; Pigs Get Slaughtered

You've got some pair of balls. "Piggish investors"??? Those SENIOR creditors are WAY underwater on bonds that they bought specifically because they were SENIOR. What gives you (or Obama) the right to call them piggish, when they think (rightly or wrongly) that they can do better in court? Or perhaps you (or Obama) would like to write them a personal check to conclude the negotiation. Or are the two of you too "piggish" to do that?