CJJ

Warning: U.S. Auto Crash Ahead

MPG not MPH...but you all are internet experts, so you know what I meant.

Warning: U.S. Auto Crash Ahead

Why don't you people who are so fixated on the "strength" of the foreign auto makers do some real research.
-US cars are competitive, the union promises and wages are not.
-The whole automotive sector is in the crapper. All over the world.

I'll let you all in on a little secret. We're in a really bad recession. People are wary of spending a few bucks on a meal out. Are you so dense that the car and home markets would be weak as those are the 2 biggest purchases 99% of people will ever make?

This slowdown is temporary. More Chinese people = more cars bought. More people in the world in general = more cars bought.

Wait until you can get a 50-100 mph car in the US...I'll let you all cling to your 18mph car and I'll plunk down the cash for the new car and laugh when gas goes to $10/gallon.

All these thousands of articles and millions of posts debating this stuff is just a bunch of noise.

The Falling Real Price of New Cars

Agreed, but again, why I don't really sympathize with the "renters and savers" as victims in this crisis. For people with savings the bargains abound.

I surely will not buy a house right now for the exact reason you mention and I don't need a car. But I am doing more discretionary spending than ever as long as I keep my job. That is exactly what people with jobs and savings should be doing.

On Mar 31 10:19 PM EEB wrote:

> It's a great time to buy a car if you have a job and are certain
> about keeping it in the future. But if you think that you might lose
> a job soon, then you would be crazy to buy a car or a house right
> now unless you are independently wealthy. Job destruction is definitely
> greater than job creation at the moment. Until that ends, it doesn't
> really matter how "affordable" things are.

Global Meltdown, Part III

All of you people need to stop talking about one day moves in the market.

Also I have no problem with people's opinions one way or another, but if you think the world is ending as this author proclaims, why not just leave it and leave the rest of us here, we'll be just fine.

I find it hard to believe that in the history of mankind THIS is the greatest crisis. Seems more to me that with the internet everyone now thinks they are experts in all things and have a vehicle to express those views.

Economists of all sorts should be scared if a world as this author describes comes to pass, they will be first up on the block and that's not going to matter if you follow Schiff or Krugman or whoever.

Who are crime groups going to get money from if the economy fears? Actually crime groups need the economy just like Governments do. Military or Dictatorship is much more likely than this guys call. There is no proof of extreme crime in the 30s(or more extreme than any other time period).

Also what a goofy smile on this author for a guy calling for the end of the world. Oh yea, he's just a guy shorting stocks and trying to must support so his yields rise.


On Mar 31 06:19 PM Roger Knights wrote:

> CTB wrote: "I have made a note of your prediction and filed it away.
> Can I presume that today's activity is an anomaly?"
>
> What anomaly? The Dow fell off a cliff (down 100 points) at the close.
> What's an 87-point bounce-back after a 275 point drop the day before?

The Falling Real Price of New Cars

Wow, Joe America has been buried by debt? Actually I'm Joe America and I'm not stupid enough to take on debt just because its fun. Maybe instead of blaming salespeople you should blame the morons who took the bait.
There's plenty of blame to go around, stop funnelling it only one way. I'm sure you'd also describe yourself as a Free Market champion and a Capitalist except you are defending the consumer as a stupid being who cannot possibly say no and cannot possibly be blamed for their errors.
Don't know, sounds like a socialism ideal to me.

Cars are cheap folks. The prices are going to rise as the US citizen refuses to buy American cars(which as much as you want to disagree are quite competitive right now with imports.)



On Mar 31 05:50 AM strutzma wrote:

> 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.