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  • predicts September car sales of just 8.8M/year, a 28-year low and a 38% plunge from August's CARS-induced 14.1M blowout. "Cash for Clunkers was supposed to prime the pump," Edmunds' Jeremy Anwyl says, "but that is a physics concept, and economics is quite different. Demand has dropped off significantly since the program ended."  [View news story]
    Additionally, the bill didn't consider the possibility that a majority of consumers could (i.e., most likely, will) become conditioned to stimulus programs and, likewise, postpone purchases until such programs return.

    On Sep 22 02:14 PM vboring wrote:

    > What the bill didn't consider is that those of us without "clunkers"
    > would never buy during the program,since it would just feel wrong
    > being the one person there not getting free money.
    Sep 22 02:56 PM | 2 Likes Like |Link to Comment
  • Why Bank Overdraft Fees Merit Some Regulation [View article]
    I agree that some sort of "understandable" disclosure should be mandated. Great article.
    Sep 10 03:21 PM | 1 Like Like |Link to Comment
    This may be the most insightful article on deflation that I have ever read. Great job, Michael!
    Sep 10 10:40 AM | Likes Like |Link to Comment
  • New Home Sales: Is 'Soar' the Right Word? [View article]
    I agree. I am so sick of this up-to-the-minute media psycho babble that I could just puke. "Plummet, soar, surge"...Barf...

    On Aug 26 04:29 PM John Galt wrote:

    > "SORE" is the right word.
    > Who ever said "soar" outta be taken behind the wood shed. I'm sick
    > of the semantic games in the media and reporting. They really should
    > teach people how to "THINK" in college. Maybe instead of forcing
    > people to take these humanities classes, they such teach a class
    > on sifting through crap information. Teach people how to think and
    > interpret data on their own instead of reading a 5 word headline
    > and being told what to think.
    Aug 26 05:51 PM | 3 Likes Like |Link to Comment