nlipner

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

FLAWED NUMBERS, how could they miss that of the 200k cars that would have been traded in anyway, many had a value far above 4.5k + SCRAP COST. This program cannot be compared to standard trade-in averages to derive an incremental gain unless one has separate numbers of what the lowest tranch (under 5k & low mileage) of trade-ins equates to. Additionallly the economic benefit of removing the true clunkers (low mileage & worth less than 5k) extracts from both society (safety, road damage and productivity) and the owners (those trapped in a car with high repair costs).

Fed Funds Rate Has To Climb To 6%, Then Fall

Sir, did you perhaps make a typo in this statement ?

• When Fed Funds fall, so do bond yields. That is because people want to lock into the higher rates provided by bonds, so they buy high yielding bonds, driving down their prices. So up go the yields.

More demand for the bonds should increase their price and reduce the yield, not the opposite as you stated. Correct ?