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Damn it..wish my AXL October put would have taken off, no dice...
Terrific news. Next month when it stabilizes at 9.0 the market can rally at the fantastic upward trend
you are so spot on, stabilizing the data will buoy the market next month
Do you, or anyone on here, have the data/chart for the SAAR going back 20+ years?
This is really a green shoot. Num Num Num
Maybe I can get a Hummer at discount prices....well it may come in handy when all hell breaks loose.
"We can get a Hummer for you at a discount price. Which of our Afghani Dealers will you use? Oh, by the way, all our Kabul Dealers are...ummm...all tied up now. Might I also suggest a Pakistani dealer?"
I wouldn't count on it. Just went car shopping and had "sticker shock" I literally was floored by what dealers are asking for their inventory.
If that is a headfake, it is Barry Sanders-worthy
damn looks like our green shoots have just vaporized.... HFT turns negative, lookout below.
It appears we ended at 9.2 million units.
Still crappy, but I'm sure someone will make a "green shoot" out of it.
Looks like government almost shut down.
Lots of little revealing goodies in this.
With Obama out of the country and the bill needed to be signed before midnight, I have a few probably stupid questions.
1) I was under the impression he must sign the actual physical paper bill passed by the conference committee. If true, that would mean they would need to fly it to Denmark today/night.
2) I guess it doesn't matter if he is out of the country as long as he signs it, correct? He doesn't need to be on US soil when he signs the bill, right?
Just curious how these little things work.
It WOULD matter if he was actually born a US citizen. The "birthers" didn't forsee the unique advantages O'Bummer brings to the table.
Please. Even if he were born outside of the US he would have the same birth certificate as McCain and my oldest. A FS Form 45. Settled case law on that one.
wrong....his mother was under age at the time
and was unable to confer citizenship when
he was born in kenya - mubrak hussein obama....
his father carried british and kenyan citizenship....
that was law at the time....
the situation which you note developed later
and there are no retroactive provisions in
case law which thankfully there are not because
innumerable issues with ex post facto rulings would
wreak even more havoc than we have with our
CD - "Reasonable" certified true copy of the original until he returns. And, no matter where. Even if he is a person holding the office rather than the personification of the office itself. You know, BO, President of the US rather than President of the US, BO. Subtle but potent differences there.
Interesting how the latest SAAR number is nearly smack on the trend it was taking pre-CfC.
They bought nothing with the CfC effort and expense. They didn't even buy themselves time. We are probably exactly where we would have ended up if the linear declining trend in SAAR had been left to continue.
That's what we call signal: The props and sandbags are not holding. Not anywhere. There is nothing firm on which to anchor them. Foundations are erroding faster than the plutocrats can toss in another load of fill. The walls holding back the sea are down, and the sea is coming, and there is no stopping it, and there is no slowing it, there is only getting the hell out of the way. Everything is become desperate hand-waving and sooth-saying because they have no clue what is going on, no clue what to do.
Not the first clue. They are probably already heading for the hills, looting as they go.
The wave that will take us is coming. No -- the wave is already here.
C4C = waste of time, $3bn down the shitter,
True. Again, past time to leave the south bay cougar.
and yet, if you plot the current month next to april (9.1), roughly when c-f-c started being discussed, you could argue that this month's print is just a continuation of the basic trend and not a hangover at all.
nothing but net hence forth.
60% increase for the Ford Taurus - can anyone say "fleet purchases"?
I haven't seen a new Ford Taurus yet, and I live in a pretty busy area.
No, the Taurus is a new model and the comparison is against virtually no sales the prior year. Ford had eliminated the Taurus after ruining it by only introducing a new model every 6-7 years. It became a cheap fleet vehicle. Then Mulally decided it was stupid to abandon the Taurus name so they switched the Ford 500 to be called a Taurus a year or two ago. Now they have an actual new Taurus so it's not surprising that sales would jump off a tiny base.
Best SAAR we will see for the remainder of the year.
I am still confused as to why this is a story worthy of ZH attention.
Will we be reading about how toy sales plummet in January after a robust December? Or how there are plenty of spots at romantic restaurants on February 15? Or how about no one wanting to buy stupid hats or noisemakers on January 2nd?
We get it. The government spent $3 billion dollars to support light vehicle sales. We all agree -at least everyone here probably agrees - that this was a waste of money.
Is the contention here that somehow people would buy cars after the the CfC program ended? if so, why? Dealers have limited inventory after the last 2 months. No one is dealing to make the last sale of the month. Why should we expect anything other than some catch up low demand?
Perhaps there are some contributors - most of which rock, btw - that can take over the auto commentary and do some better work. Some suggested topics - why the head of GM's VOLT program just quit because he didnt want to get paid like a GS-9. Or how about: GM will inevitably print a profit in the fourth quarter and how to consider that odd fact. Or the abysmal return on capital for taxpayer investors in these assets? Or how the UAW OWNS A GOLF COURSE called Black Hills in MI...
This fixation on the post CfC sales rates is lame. There is a lot of fodder out there for ZH quality reporting.
auto production has been a corner stone of
usa industrial activity for a century, thus
reports on its progress are germane to understanding
the health of that industry and the industrial
some of your suggested topics are of interest some
of them are lame...
cars for clunkers was also lame and is a point too
hard ignore given all of the hoopla which went
with it, along with its imbecility....i think of
it as follow through....
for those with 15 second attention span there is
american idol playing somewhere in the world tonight...
For me the fact that the government thought that borrowing from the Chinese to subsidise the purchase of Japanese cars is the way to fix the economy and that when they saw that people would happily take free money they proclaimed it a great success is indicative of the thinking in the Whitehouse and the Capital.
Its reassuring to me to know that when I looked at this and thought, of course people take free money when its offered but it doesn't do anything to fix the economy, while every one in authority was acting as if the government had done something worthwhile, that I wasn't stupid or missing something because I'm dumb.
hey fuckface - go fuck yourself
"September domestic-made sales came in at a 6.7 million annual rate...."
Looks like a V double-dip, but that's not the V CNBS was looking for.
The growing wealth gap in action? Perhaps. The SAAR numbers for the winter months should be VERY interested.
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