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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/808-Ca....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-19 10:57:20
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Musashi Posts: 2952 Incept: 2007-11-06 Behind the Irony Curtain
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Automotive News (no link sub needed) says Auto Nation cut new car orders 60%
2009-02-19 11:24:50
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Asimov Posts: 26716 Incept: 2007-08-26 
east tennessee
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http://www.tickerforum.org/cgi-ticker/ak....Quote:AutoNation Inc., the largest chain of auto dealers in the U.S., in December secured only 22 auto loans for car buyers from Chrysler Financial and nine from GMAC, down from 823 and 1,527 a year earlier, respectively. Heh. I think autonation should be cutting a few more than that. ---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-02-19 11:33:58
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Musashi Posts: 2952 Incept: 2007-11-06 Behind the Irony Curtain
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Since you mention Chrysler, Canada just put a C$500m lien on them. http://uk.reuters.com/article/motoringAu....
2009-02-19 11:39:56
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Captbill Posts: 485 Incept: 2008-07-22 
Arizona's West Coast
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Quote:Simple: Manufacturers are attempting to increase prices into ramping unemployment in a desperate attempt to maintain their operating margins Sounds to me like you could compare this to what CA is doing in raising taxes in a recession...
2009-02-19 11:53:33
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Bubbazanetti Posts: 211 Incept: 2007-08-23 Eugene, OR
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I believe Drudge was attempting sarcasm with that inflation headline, but I could be wrong.
2009-02-19 12:00:52
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Torgo Posts: 389 Incept: 2009-01-14
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Captbill, Many states doubled their taxes at the start of the GD. There were actually quite a few tax revolts. There was one organized in Chicago were people refused to pay their property taxes.
2009-02-19 12:13:25
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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I just paid almost $4 per quart of yogurt today at the store. Food prices are still WAY TOO ****ING HIGH, but then again, every $0.10 of every apple I buy goes to some leech**** via monetization. ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-02-19 12:14:12
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Margincalltime Posts: 830 Incept: 2008-04-01
NJ
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Could not agree more with the Ticker and Phirang's comment.
2009-02-19 12:19:42
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Chainlink Posts: 521 Incept: 2008-10-26
Florida and Michigan
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A big hunk of deflation just pulled into my fence yard - a family member just bought a nice transport bus for $3500. A NICE BUS, I about fell over...I thought it would be a POS. Construction prices are deflating big time...people are giving work away, just to have a couple hundred bucks in their pocket. I wish I had lots of spare cash, I'd hit the pawn shops and start buying tools, materials, and hardware.
2009-02-19 12:52:51
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Goldbrick Posts: 1605 Incept: 2008-01-23
Indiana
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Quote:So what does this report mean? I think I'm finally getting it, cuz that's what I thought too, while watching Santelli and Liesman trying to make sense of it. ---------- "The higher I go, the crookeder it gets." --Michael Corleone
2009-02-19 12:55:57
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Anti Posts: 1289 Incept: 2007-10-09
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I was looking at newer-used Lexi in December at dealers, couldn't get them to come down enough to suit me; now with the Lexus incentives expired, they are trying to get about 15% more for them.
---------- Health is better than health insurance http://gerson.org/ Over the past 60 years, thousands of people have used the Gerson Therapy to recover from so-called “incurable” diseases such as cancer, diabetes, heart disease and arthritis.
2009-02-19 13:10:54
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Mayorquimby Posts: 5868 Incept: 2008-09-18
Ponzi Planet
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Food prices here in NYC are still too high. Some things have gone up, some have gone down. I will say this though - retailers VASTLY underestimate the ability for the consumer to buy less - even with food. I cut back my food budget by at least 60% without a hitch. And I am still eating plenty (actually, too much still). This is all part of my own protracted consumption strike. If they think they 're getting more money out of me, they have another thing coming.
---------- It's a PONZI ECONOMY and it already HAS collapsed. Now they need more ponzi!
2009-02-19 13:19:41
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Grumpygirl Posts: 799 Incept: 2008-09-18
Oregon
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Quote:I wish I had lots of spare cash, I'd hit the pawn shops and start buying tools, materials, and hardware. Craigslist around here these days is like a combination of Home Depot and a department store that carries antiques. Food is still way too expensive. I think I'm going to join a community-sponsored agriculture delivery service this spring. At least it'll keep my money local.
2009-02-19 13:56:21
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Kickthecan Posts: 356 Incept: 2008-11-06
Seattle
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I had a little conversation with some co-workers this afternoon. One of them was commenting about how product sizes are shrinking on more food items, while the prices remain the same, the stealth way of increasing prices.
2009-02-19 17:38:48
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Expy Posts: 8131 Incept: 2007-09-05
STOP the DEMONIZATION LIBS and MSM!!!!
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First product price deflation, Then, product shortages. Prep now folks, there is an optimum curve crossing at which to spend. Timing and foresight are everything. Talked w/ a Dewalt store rep at HD this afternoon [smart guy] and he sees sparceness at stores he services and he sees tools being held in China because of credit issues. [Of course these tools will eventually make their way -someplace] One datapoint... ---------- "IT'S THE INCOME/CASHFLOW SILLY"! {c expy  } Where will incomes, wages, and profits/revenues come from to recover the economy after the spiral down? Certainly not the "New Service Economy". W/out massive new debt creation, [unlikely], and useful productivity, the public and business are probably screwed by a
2009-02-20 03:23:44
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Asianbull Posts: 2184 Incept: 2007-09-03
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Prices are going up because everyone's costs are still going up. Those that got hosed during the energy run-up aren't going to automatically cut prices. Furthermore, when your competitor starts going under, you typically raise prices. Lastly , look at Zimbabwe--there is no demand, yet prices keep going up because of all the money printing.
---------- The root cause of all the world's problems is inflation. The only sound money in the world is commodities.
2009-02-20 06:22:36
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Margincalltime Posts: 830 Incept: 2008-04-01
NJ
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AB- That is the worst example I've heard in a long time.
2009-02-20 09:52:00
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