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Behold The Wealth Effect

Tyler Durden's picture




 

Curious where the always elusive "wealth effect" is going? It's going here:

  • PORSCHE REPORTS BEST SALES MONTH IN HISTORY; DELIVERIES UP 29%

 

 

But it's not all ponies and Bernanke-farts: this 'great' news is tempered by a slowing rate of acceleration in growth. Cue ominous music.

 

The good news for Porsche owners is that when the great reset finally comes, they can drive away from problem hotspots fast. Real fast.

 

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Wed, 05/01/2013 - 13:14 | 3518615 buzzsaw99
buzzsaw99's picture

it was the best of crimes, it was the worst of crimes...

Wed, 05/01/2013 - 13:15 | 3518625 AssFire
AssFire's picture

Oh lord, won't you buy me a.....

Wed, 05/01/2013 - 13:16 | 3518632 NotApplicable
NotApplicable's picture

Peak Porsche?

Wed, 05/01/2013 - 13:22 | 3518642 camaro68ss
camaro68ss's picture

Im sorry but a man driving a Porsche is a fag.

Porsche is a womans car.

flame me if you will, just means you own a porsche and your a gay.

Wed, 05/01/2013 - 13:24 | 3518680 irie1029
irie1029's picture

Like any day on any road course I will kick your USA camaro POS ass!

Wed, 05/01/2013 - 13:29 | 3518690 camaro68ss
camaro68ss's picture

hahaha, you must own a porsche.

My mom and grandma drive porsche, like i said,  a womans car

Wed, 05/01/2013 - 13:30 | 3518694 Careless Whisper
Careless Whisper's picture

The Careless Whisper Afternoon News Update & Threadjacking

Cali Senator's Husband Gets Billion Dolla Contract For Cali Hi Speed Rail to Nooooowhere

http://www.breitbart.com/Big-Government/2013/04/30/Sen-Diane-Feinstein-s...

"Don Eva", "Loco Barrera", and "Chuchillo" (that would be Talented Eva, Crazy Barrerara, and the Knife) Arrested For Money Laundering "Through Traditional Money Laundering Methods"; No Traditional Money Laundering Bankers Arrested

http://www.justice.gov/usao/fls/PressReleases/130430-01.html

Hollywood Wants Special Treatment From NY Gov Corleone; Asks To Use Scary Guns That He Outlawed

http://www.nytimes.com/2013/05/02/nyregion/studios-fret-that-new-yorks-g...

 

Wed, 05/01/2013 - 13:29 | 3518702 Meat Hammer
Meat Hammer's picture

I'm shocked!  Shocked, I say!  

Wed, 05/01/2013 - 13:37 | 3518735 ParkAveFlasher
ParkAveFlasher's picture

Porsche, eh?  What kind of financing can I get on one of those?

Wed, 05/01/2013 - 15:01 | 3519213 PontifexMaximus
PontifexMaximus's picture

A decent one

Wed, 05/01/2013 - 13:35 | 3518739 cifo
cifo's picture

There will be a lot of cheap second hand Porsches in a couple of years.

Wed, 05/01/2013 - 13:59 | 3518830 NidStyles
NidStyles's picture

Low mileage when they lose their jobs and can't afford the fuel as well. Premium only.

Wed, 05/01/2013 - 14:31 | 3519065 irie1029
irie1029's picture

there are now!!!

Wed, 05/01/2013 - 13:40 | 3518757 Divided States ...
Divided States of America's picture

Bernanke is catering only to the wealthy.....he keeps saying inflation is well contained, well that is true when you are uber rich and your wealth is rising faster than inflation....but of course to the other 95%, too fuckin bad.

Wed, 05/01/2013 - 13:31 | 3518699 Spider
Spider's picture

I suppose this bodes well for Maserati sales too - that's what I call an economic recovery!

Wed, 05/01/2013 - 13:56 | 3518824 kito
kito's picture

used to love the camaro IROC...total guidomobile....Italian Rejects Out Cruising......

Wed, 05/01/2013 - 14:08 | 3518871 Buckaroo Banzai
Buckaroo Banzai's picture

Bitchin Camaro, drive it up on the lawn!

Bitchin Camaro, TONY ORLANDO AND DAWN!

Wed, 05/01/2013 - 14:17 | 3518968 James_Cole
James_Cole's picture

Carrera gt FTW

Wed, 05/01/2013 - 15:19 | 3519283 de3de8
de3de8's picture

Uh-oh, I have both.....I guess I am trying to find myself.

Wed, 05/01/2013 - 17:09 | 3519730 JR
JR's picture

 

Mom and Grandma gotta be the smallest sampling of who drives what that I've ever seen.If you want to nail down a woman's car, they are Impalas and Camaros. hahaha

According to Forbes in 2008, "much as an RX400 owner might also feel the purchase of the car is a reward for his or her own success, that's more or less the sole motivation among those who buy a Porsche 911. The most decidedly male (87%) buyers are successful (median income $390,000), know what they want, work hard to get it and enjoy rewarding themselves when they reach a milestone….

And, "as much as the automakers' buyer data and demographics suggest about a particular car buyer, there are always exceptions. Seeing someone drive a smart fortwo doesn't immediately define that person as a CEO or a college student and rule out something in between. One cannot assume every Lexus hybrid SUV driver cares about the environment. And not every Porsche 911 driver is a brash, aggressive, white-collar male.

Wed, 05/01/2013 - 17:12 | 3519753 Citxmech
Citxmech's picture

As the previous owner of cars ranging from Porsches to GTOs, each is a tool for a specific job.  The Porsche is a much better all-around vehicle though.  Also, it's not like I went from being a manley man in my 4spd '69 GTO to being a limp-wristed flamer (not that there's anything wrong with that) in my 2,200 lb. mechanically fuel injected, hemi-headed '70 911S (yes - they had hemisphereical combustion chambers back then).  The 911 actually accelerated pretty close to the old Goat once you got it on the cams at about 5k rpm. . .  all the way up to the 7k+ redline.  That and you could double the posted on/off-ramp speeds.

Even though the double-pumper carbed GTO was pretty fast in a straight line (it was a 13 second car), even my 2.0L 914 GT replica would have toasted it on the first curve.

Wed, 05/01/2013 - 17:35 | 3519838 Nussi34
Nussi34's picture

Your grandpa is a fag or a crossdresser?

Wed, 05/01/2013 - 13:50 | 3518796 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Like any day on any road course I will kick your USA camaro POS ass!

Dude, don't be such a fag.

http://www.southparkstudios.com/clips/254819/insanely-good-sense

Wed, 05/01/2013 - 15:35 | 3519379 Dolar in a vortex
Dolar in a vortex's picture

I hate to see Camaros in my run group.

Although I hear some GT3 guys are looking at the new Z28 because it's so low cost.

Wed, 05/01/2013 - 18:42 | 3520145 neidermeyer
neidermeyer's picture

My local SCCA chapter used to host "Porsche Club" people at our events ,, gave them group discounts and such ... it was like watching a bunch of 'tards ... absolutely no idea how to drive and they get SO PISSED when a 1971 2 liter Ford Pinto beats ALL of their best lap times ... They just stopped showing up after a while.

 

Just because a Camaro is "rough" doesn't mean it isn't fast on a road course ... Most people can't get even a small fraction of their cars maximum performance on a track ... the driver is key... and a well sorted 1970-1981 F body or a 1994-2002 or the new model F will all run really well. (just leave the 1967-1969 and 1982-2001 cars alone , they can't be "tuned" ,, gotta basically build a whole new car under them).

Thu, 05/02/2013 - 00:03 | 3521267 Citxmech
Citxmech's picture

I don't know where you're located, but when I had my 911S and 914, I would head over to Racer's Group at their shop at Sears Point.  I'd try and time my trips to when the PCA vintage guys were out - some of those guys were really f'n fast.

Wed, 05/01/2013 - 13:27 | 3518689 SemperFord
SemperFord's picture

I kind of agree but that goes for most(not all) supercar owners. They buy them for street cred, they can't acutally drive them. I have made guys in M3's and AMG Mercedes almost wreck trying to keep up with me in my modified Mustangs.

Wed, 05/01/2013 - 15:15 | 3519265 ExpendableOne
ExpendableOne's picture

Musting == expendable fast car for straight roads.  If you put some work into the suspension, they might go around a corner or two.  Agreed on the cars that are too expensive for the drivers to risk.  

Wed, 05/01/2013 - 16:00 | 3519492 Mox E
Mox E's picture

Any driver challenging you to a street race is a douche. Don't risk other people's lives over your little dick.  I drive a Porsche and the dickheads always trying to challenge me or otherwise incite me into racing them are the asshole American 'sportscar' owners (sans Corvette), sometimes the modified rice racers, and mostly never other drivers of high end automobiles. A Porsche is a finely balanced daily driver. Not everyone who drives one is out to prove something. 

Wed, 05/01/2013 - 13:31 | 3518691 RafterManFMJ
RafterManFMJ's picture

Says the man driving the VW Cabrio...

Wed, 05/01/2013 - 13:30 | 3518695 Meat Hammer
Meat Hammer's picture

Nah...fags drive Audis, Lexuses, and BMWs.  The guy who drives a Porsche is more of the cheesy, salmon-colored polo shirt, skinny dick variety.

Wed, 05/01/2013 - 13:34 | 3518715 camaro68ss
camaro68ss's picture

with the sweeter tied around his neck.

Agreed!

Wed, 05/01/2013 - 14:05 | 3518855 Tinky
Tinky's picture

What could possibly be more impressive and virile than someone who feels the need to openly disparage homosexuals? Surely it must be a sign of a big dick, not to mention nuanced lovemaking skills, to which countless previously satisfied women would no doubt attest.

Wed, 05/01/2013 - 14:07 | 3518886 Buckaroo Banzai
Buckaroo Banzai's picture

No, it's because fags are the most annoying people on the fucking planet. Why can't they just shut the fuck up? Just fill your pie hole with cock already so I don't have to listen to your monumentally self-absorbed bullshit.

Wed, 05/01/2013 - 14:29 | 3519032 Tinky
Tinky's picture

Ah, I see. It's not about flaunting your impressive heterosexual qualifications, but rather stereotyping to a laughably absurd degree. 

Still impressive, in its own, sad respect.

Wed, 05/01/2013 - 15:09 | 3519248 DaveyJones
DaveyJones's picture

Every politician is a fag? I'm confused

Wed, 05/01/2013 - 14:10 | 3518889 Meat Hammer
Meat Hammer's picture

Enjoy life...make fun of everybody!!!  I'm an equal-opportunity offender.  

 

Wed, 05/01/2013 - 14:33 | 3519061 akak
akak's picture

Actually, fags drive cars. 

REAL men drive pickups.

Wed, 05/01/2013 - 14:38 | 3519107 Tinky
Tinky's picture

Good point, though presumably those who drive pickups without gun racks are suspect...

Wed, 05/01/2013 - 15:14 | 3519263 PAWNMAN
PAWNMAN's picture

How about a pickup with a Kimber .45 under the seat?

Wed, 05/01/2013 - 15:16 | 3519273 Moe Howard
Moe Howard's picture

Pickups come without gun racks? I didn't know that.

Wed, 05/01/2013 - 19:09 | 3520241 prains
prains's picture

and "tie downs"

Wed, 05/01/2013 - 13:35 | 3518741 LeisureSmith
LeisureSmith's picture

You're a douche. I wish i bought a 60's Porsche when i could afford one, i dropped the ball and now they have become expensive. For those interested...Singer 911 http://www.youtube.com/watch?v=fJQ4hQSusjE

(if you are talking about the Porsche Boxster....i tend to agree with you) 

Wed, 05/01/2013 - 14:05 | 3518869 waterhorse
waterhorse's picture

yes, Boxster and Cayenne are chick cars.

Wed, 05/01/2013 - 18:53 | 3520188 neidermeyer
neidermeyer's picture

Boxster is the best current Porsche (modern day 916 or 914/6) ,, Cayenne is a damn station wagon.

Wed, 05/01/2013 - 14:08 | 3518899 Buckaroo Banzai
Buckaroo Banzai's picture

In the immortal words of Paulie Walnuts, the Boxster is the "Porsche with panties".

Wed, 05/01/2013 - 17:19 | 3519780 Citxmech
Citxmech's picture

I head a story that back in the days of the early 930 turbos, purchasers could sign-up for a track day taught by Porsche factory drivers.  One of the Porsche guys had his '73 Carrera RS there and apparently it would best the 930s at will.  It's all about power/weight - but all things being equal, lighter weight still wins on the road (you can brake much later).

Wed, 05/01/2013 - 13:43 | 3518779 pods
pods's picture

Not everyone can afford a Yenko!

:)

pods

Wed, 05/01/2013 - 13:57 | 3518833 TheFourthStooge-ing
TheFourthStooge-ing's picture

...and not everyone can find a Trabant for sale in their local used car lot.

Wed, 05/01/2013 - 13:51 | 3518786 redpill
redpill's picture

You've never driven a Porsche, have you.  Just admit you can't afford one and go try to wash the ugly off your Camaro again.

Wed, 05/01/2013 - 14:21 | 3518965 camaro68ss
camaro68ss's picture

like i said, my mom and grandma have porsches, Ive driven it before, its built for woman and not a 6'2" 195lbs man. Its Mediocre at best.

Ive driven all cars, GT40s, Vipers, Vets, 67 GT 500 with 900 HP, you name it, ive driven it. 

Porsches are for woman 

Wed, 05/01/2013 - 14:24 | 3518991 redpill
redpill's picture

Sitting in grandma's Boxster is hardly an accurate appraisal of the lineup.

Wed, 05/01/2013 - 15:19 | 3519282 YHC-FTSE
YHC-FTSE's picture

You should check the exhaust in your camaro. Sounds like you've got carbon monoxide poisoning. 

Boxsters and Cayennes are a bit girly, but a Carrera GT? I don't think so. Like SAABs, Porsches are engineers' cars. 

You know that thing hanging down from your women's groins? (your mom, granma, and "girlfriend" who you say all drive Porsches) Those are not labia,  those are balls.

I am a Merc AMG driver, quite frankly like all old cars, Camaros smell and are as functional as their retarded owners.

Wed, 05/01/2013 - 15:24 | 3519302 venturen
venturen's picture

and you are driving a...? Chevy? HAHAHAHA

Wed, 05/01/2013 - 18:21 | 3520043 neidermeyer
neidermeyer's picture

What's the difference between a Porsche and a Porcupine?

Wed, 05/01/2013 - 19:10 | 3520254 prains
prains's picture

What's the difference between a Porsche and a Porcupine?

 

the same difference between a Juan Epstein and a Brazillian > the hair

Wed, 05/01/2013 - 13:28 | 3518692 Unprepared
Unprepared's picture

The best thing about this is that I can sit my lady next to me, wind blow her her, under the porch.

Oops, wrong thread.

Wed, 05/01/2013 - 13:19 | 3518641 ihedgemyhedges
ihedgemyhedges's picture

Trading Bernank Bux for a Carrera GT not a bad idea......

Wed, 05/01/2013 - 13:21 | 3518665 adr
adr's picture

Can't buy that anymore. It's all about the 918 Hybrid Spyder now.

Wed, 05/01/2013 - 13:54 | 3518807 ihedgemyhedges
ihedgemyhedges's picture

Sure you can.  They just don't produce them any more and is the only Porsche I would own......

Wed, 05/01/2013 - 14:34 | 3519088 James_Cole
James_Cole's picture

They just don't produce them any more and is the only Porsche I would own......

The only one? You sure about that? Gunna be tough to get your hands on one but...

http://luxedb.com/wp-content/uploads/2012/06/2014-Porsche-918-Hybrid-Spy...

http://luxedb.com/wp-content/uploads/2012/06/2014-Porsche-918-Hybrid-Spy...

http://www.ritholtz.com/blog/wp-content/uploads/2010/04/918-.1.jpg

Wed, 05/01/2013 - 15:56 | 3519472 ihedgemyhedges
ihedgemyhedges's picture

Not a hybrid guy.  Live neither on west coast nor east coast and I prefer pure fossil fuels.....

Wed, 05/01/2013 - 18:24 | 3520064 neidermeyer
neidermeyer's picture

Real men drive 917's  ("when you can burn rubber from the apex of one corner to the braking point for the next corner you've probably got enough power")

Thu, 05/02/2013 - 00:23 | 3521291 Citxmech
Citxmech's picture

Regarding the 917.  That thing was one of the most fire-breathing cars ever.  And the guys that drove those things were insane.  This is the best quote ever (factory driver Vic Elford):

"Despite the potential of success, Elford was quite aware of the 917's shortcomings. "Bott was absolutely right in his concerns over the 917's handling. Entering the kink on the Mulsanne straight, where you were near the car's maximum of around 230 miles an hour, you had to be very careful getting off the throttle and on the brakes, or otherwise the back might well start to steer the front. It is a measure of Porsche's engineering that when I went back to Le Mans in 1970 with next generation long tail, I could go flat out through the kink - at night - in the rain.""

http://962.com/history/917/

230mph at night in the rain - with a track full of slower cars, on 1970s tires.  JFC, THAT is some balls-out shit.

Wed, 05/01/2013 - 13:57 | 3518835 tnquake
Wed, 05/01/2013 - 14:55 | 3519186 Pegasus Muse
Pegasus Muse's picture

That's one ugly ass guy driving an ugly ass car. 

Wed, 05/01/2013 - 13:21 | 3518648 FL_Conservative
FL_Conservative's picture

I think the gubmint ought to force Porsche to disclose it's customer sales list no different than they're requiring foreign countries to disclose what Americans have offshore bank accounts.  After all, its for the PEOPLE!

Wed, 05/01/2013 - 13:39 | 3518748 RafterManFMJ
RafterManFMJ's picture

Personally I bought a new Porchce with a no money down 72 month loan and shitty credit; I owe 5,000 on my Discover card and they'll soon discover I've no intention of paying.

I got to the dealership on a bus, don't have a job or a clean shirt; Hell, I can't eve spell porche yet I have one.

I drive it like I stole it...which I kinda did.

Wed, 05/01/2013 - 13:53 | 3518814 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

I got to the dealership on a bus, don't have a job or a clean shirt; Hell, I can't eve spell porche yet I have one.

When the gas tank is near empty, trade it in on another one with a full tank.

Wed, 05/01/2013 - 14:12 | 3518901 RafterManFMJ
RafterManFMJ's picture

Stooge I like the way you think! Hell you can come over to my house and F my sister! We need to get together and start a legitimate business - like a Meth lab or an ETF.

Wed, 05/01/2013 - 14:29 | 3519048 TheFourthStooge-ing
TheFourthStooge-ing's picture

Just tryin' to be practical. Hell, a maxed out Discover card isn't going to put gas in the tank. You could always use a West Virginia credit card (five-gallon can and a siphon hose), but trading the car in for another with a full tank is so much easier. Besides, getting the taste of gasoline out of your mouth takes forever, and it gives you weird burps if you accidentally swallow any.

As far as business, I don't know about an ETF. They're kind of shady and the people involved with them are pretty greasy. Meth labs, on the other hand, are far more legit and have a much better growth potential.

Wed, 05/01/2013 - 15:21 | 3519287 Moe Howard
Moe Howard's picture

Combine these ideas and sell ETFs in your mobile meth lab.

Wed, 05/01/2013 - 15:55 | 3519479 ihedgemyhedges
ihedgemyhedges's picture

Hey, think I can get a round with your sister?  Married 19 years, so I need some action......

Thu, 05/02/2013 - 00:46 | 3521345 RafterManFMJ
RafterManFMJ's picture

https://heartiste.wordpress.com/

 

I gift you the Crimson Arts.

Wed, 05/01/2013 - 14:19 | 3518961 TeamDepends
TeamDepends's picture

Rumour is there's a real-estate fire sale in Beverly Hills.  Show up in your new ride and you'll be hottubbing with Joan Rivers in no time!

Wed, 05/01/2013 - 14:28 | 3519022 RafterManFMJ
RafterManFMJ's picture

Sweet! I'll make love to her with an urn full of the ashes of Napolean - one of her contemporaries.

Wed, 05/01/2013 - 13:17 | 3518617 Sudden Debt
Sudden Debt's picture

Oh yeah... no raise for you this year... it's a crisis haven't you heard EMmmmmPLOYyEEeeeee?
And if anybody calls, I'm on my lunchbreak the entire afternoon with my new car.

Wed, 05/01/2013 - 13:14 | 3518620 Fuh Querada
Fuh Querada's picture

Where are the channels?

Wed, 05/01/2013 - 13:15 | 3518627 The Dancer
The Dancer's picture

It's all going over seas!!!!!!!!!

Wed, 05/01/2013 - 13:16 | 3518628 the not so migh...
the not so mighty maximiza's picture

glorified volkwagon

 

Wed, 05/01/2013 - 18:27 | 3520089 neidermeyer
neidermeyer's picture

So? VW makes the Bugatti Veyron.   ,, If you want a dirt cheap honest 200+mph car find a used V12 VW Phaeton and have the top speed limit removed from the puter ... they top out at 203 and are ROCK SOLID at speed ,, better than most new Ferrari's or Lambo's ,,, all for about $20-25k consider it a 4 door Veyron if you like.

Wed, 05/01/2013 - 13:19 | 3518629 Rick Blaine
Rick Blaine's picture

BUT IT'S FOR THE CHILDREN!!!!

Wed, 05/01/2013 - 14:03 | 3518846 TheFourthStooge-ing
TheFourthStooge-ing's picture

It's all for the cheeeeldren, especially the debt.

Wed, 05/01/2013 - 13:19 | 3518631 TeamDepends
TeamDepends's picture

Ha ha, money still can't buy you a bigger package....

Wed, 05/01/2013 - 13:31 | 3518701 somecallmetimmah
somecallmetimmah's picture

That's what she said?

Wed, 05/01/2013 - 13:48 | 3518797 MortimerDuke
MortimerDuke's picture

That's right, but you can pay for penile implants to treat ED.  I figure in about 20 years it may prove to be a better investment than having held GDX.  Or dollars for that matter.

Wed, 05/01/2013 - 13:18 | 3518637 adr
adr's picture

Best selling cars:

Chevy Cruze to low income welfare recipients

Porsche Panemera to high income welfare recipients

Wed, 05/01/2013 - 13:25 | 3518672 jim249
jim249's picture

No, the Ford Focus is now the choice of the new middle class.

Wed, 05/01/2013 - 16:59 | 3519709 General Decline
General Decline's picture

They are putting a diesel in the Cruz next year. Not that I would advocate this but if you were to run non-taxed off road diesel fuel in it, it would be quite economical to operate.

Wed, 05/01/2013 - 19:12 | 3520263 prains
prains's picture

so is a bicycle

Wed, 05/01/2013 - 13:18 | 3518649 semperfi
semperfi's picture

well then this is good news for those bulging crude inventories - should help drain them

Wed, 05/01/2013 - 13:31 | 3518650 Silverhog
Silverhog's picture

I'm still driving my 2006 Jeep with 186,000 miles. So I must be the new middle class now.

Wed, 05/01/2013 - 13:44 | 3518771 NotApplicable
NotApplicable's picture

Drove my '92 Dodge Ram to work today.

Wed, 05/01/2013 - 13:19 | 3518652 Yen Cross
Yen Cross's picture

     " There is no substitute"

Wed, 05/01/2013 - 13:19 | 3518656 thismarketisrigged
thismarketisrigged's picture

i hope all these people who just bought porsches lose them

 

they prob are all greedy banker thieves anyways

Wed, 05/01/2013 - 13:22 | 3518657 The Dancer
The Dancer's picture

This all part of the progressive plan to spread the wealth so as to reduce the jealousy and avert wars...except the ones they support, ofcourse!!!

Wed, 05/01/2013 - 13:20 | 3518660 Cognitive Dissonance
Cognitive Dissonance's picture

Some of the greatest fortunes were made during the last greatest depression.

<So why should this depression be any different?>

Wed, 05/01/2013 - 13:31 | 3518711 RafterManFMJ
RafterManFMJ's picture

I have no idea how to lever this depression CD, and that depresses me.

Wed, 05/01/2013 - 13:37 | 3518738 Cognitive Dissonance
Cognitive Dissonance's picture

First lose your soul. I'm sure after doing that all kinds of bright ideas will come to mind.

Just ask "I'm richer than you" Jamie.

Wed, 05/01/2013 - 14:01 | 3518848 RafterManFMJ
RafterManFMJ's picture

What's the ROI on soul selling these days?

Wed, 05/01/2013 - 19:19 | 3520276 prains
prains's picture

you get to look and act like cheney

Wed, 05/01/2013 - 13:43 | 3518782 NotApplicable
NotApplicable's picture

One word: STACK

Wed, 05/01/2013 - 14:02 | 3518853 RafterManFMJ
RafterManFMJ's picture

Joe Stack? But I cannot fly...

Wed, 05/01/2013 - 13:21 | 3518663 CPL
CPL's picture

You know what's fun if you have a 250k car? 

Checking wrecking yards for parts and begging the guy that sold you the car if there is something as simple as an oil filter for a pampered engine.

 

I predict alot of walking by the end of the summer.

Wed, 05/01/2013 - 13:23 | 3518677 IridiumRebel
IridiumRebel's picture

You know what else is fun?....being keyed from bumper to bumper when you come out from Neiman Marcus! 

Wed, 05/01/2013 - 13:42 | 3518766 seek
seek's picture

This is one of the reasons I dumped my Porsche after the '08 collapse. I didn't get keyed, but it was readily apparent when I was on the road that you do not want to be driving a symbol of wealth while the economy is collapsing.

Wed, 05/01/2013 - 13:49 | 3518801 NotApplicable
NotApplicable's picture

Or worse, the Beemer that pulled out in front of me yesterday with state senator plates on it. At some point those folks might reconsider the value of public recognition.

Especially when the stupid bitch decides to make a phone call while getting onto the interstate.

Wed, 05/01/2013 - 13:50 | 3518803 IridiumRebel
IridiumRebel's picture

I drive an Acura and people scowl at me.....I do like the Cayenne, but no way Jose am I "showing off". We sold the benz and now have a Hybrid. My wife likes the hippy dippy car and gets front row at Whole Foods. 

Wed, 05/01/2013 - 14:35 | 3519091 Jon Bong Jovi
Jon Bong Jovi's picture

You have to hide your wealth nowadays. I kept mine, just added a "daily driver" to the mix, a 2010 Nissan Xterra, base model. I have to drive to construction sites, and the crew don't like to see a guy drive up in a $100k porsche and $2000 suit. I save that shit for the cheap money lenders.

I'll put on some dirty levis, a t-shirt, and a baseball cap. Helps with worker morale when they think the developer is "one of them."

I have my, "Oh man it's tough out here. Economy is real bad" small talk perfected. Talk about blown head gaskets and shit, about how Obama is being Obama. 

Wed, 05/01/2013 - 18:47 | 3520168 free_as_in_beer
free_as_in_beer's picture

I always talk about how I'm still rockin the Corolla at work.

Unforntunately, it's a family business, the old man shows up in a Lexus and my brother in a Landrover.  So, I guess I'm just being stingy...

Wed, 05/01/2013 - 13:23 | 3518671 Unprepared
Unprepared's picture

Reminiscent of 2008 when boat sales where exploding.

 

NB. The exploding refers to the sales figures and not the boats.

Wed, 05/01/2013 - 13:31 | 3518697 DeadFred
DeadFred's picture

I had all my gold in mine when it exploded :(

Wed, 05/01/2013 - 14:45 | 3519143 CPL
CPL's picture

http://silverdoctors.com/10-of-us-annual-silver-supply-just-vaporized/

 

Hopefully it's not in the largest silver mine in the US that crumbled like dust and is still being hidden from the business news.

 

You'll never get anything out of there for a decade...long old electronics, the only US stock pile of free silver now.

Wed, 05/01/2013 - 18:19 | 3520047 RebelDevil
RebelDevil's picture

Silver Alloy Solder! #Radioshack?

Wed, 05/01/2013 - 13:26 | 3518673 IdeasRbulletproof
IdeasRbulletproof's picture

I'm expecting to buy one of those with a silver eagle after the crash...

Wed, 05/01/2013 - 13:24 | 3518676 Divine Wind
Divine Wind's picture

 

 

Somehow I smell the dank essence of channel stuffing.

As with the image posted by Tyler a few months back for BMW, I wonder where the lot is located where the excess production is being stored.

Wed, 05/01/2013 - 19:04 | 3520221 neidermeyer
neidermeyer's picture

Somehow I smell the dank essence of channel stuffing.

 

Probably right Divine Wind ,, German sales are probably down significantly ,, Greek sales DEFINATELY ARE ... they count the cars as sold when they deliver to the dealers ,, not when an actual buyer makes a purchase ... I suspect the dealers will be getting HUGE incentives in a few months to move inventory. The USA has always been Porsche's biggest market ... VW was down 10% for the month ..

Wed, 05/01/2013 - 13:25 | 3518682 NEOSERF
NEOSERF's picture

Obamacars to go with Obamaphones...

Wed, 05/01/2013 - 13:27 | 3518687 Dre4dwolf
Dre4dwolf's picture

This is a good thing, once the rich idiots who got rich by being lucky/gambling lose everything, these super cars will be on the used car lot at a 80% discount! ;p can't wait to pick one up! Oil Filters? PFFFT Ill just shove a napkin in its place.

Wed, 05/01/2013 - 13:28 | 3518688 Yen Cross
Yen Cross's picture

     This is a fun link on car production globally. http://www.worldometers.info/cars/

    http://oica.net/category/production-statistics/

Wed, 05/01/2013 - 13:58 | 3518825 Rory_Breaker
Rory_Breaker's picture

thanks YC!

Wed, 05/01/2013 - 14:00 | 3518844 Yen Cross
Yen Cross's picture

  Enjoy. :-)

Wed, 05/01/2013 - 19:20 | 3520295 prains
prains's picture

http://www.worldometers.info/obesity/

 

 

People who died of hunger this year 3,697,350

4 people died while typing, sorry 7, no 8.....

Wed, 05/01/2013 - 13:31 | 3518698 Wanton1
Wanton1's picture

All vaccines cause brain damage.

Stay healthy, wealthy, and wise.

Wed, 05/01/2013 - 13:34 | 3518720 monopoly
monopoly's picture

"Cue ominous music" lolol. How can you not love this site.

Wed, 05/01/2013 - 13:37 | 3518734 Yen Cross
Yen Cross's picture

     Porsche is a successful company whose 17,500 employees produce approximately 152,000 vehicles a year. Just enough for the 1%ers.

Wed, 05/01/2013 - 13:39 | 3518751 bnbdnb
bnbdnb's picture

55+ somethings trying to be young again. How about sales for Bentleys?

Wed, 05/01/2013 - 15:24 | 3519319 de3de8
de3de8's picture

Those two down votes were over 55

Wed, 05/01/2013 - 13:37 | 3518756 Inthemix96
Inthemix96's picture

To be fair to porsche drivers everywhere, I have one toy I cherish.

A '96 N-reg Escort RS Cosworth, tuned by BBS.

Porsche drivers have tried, and porsche drivers have failed, and to be even more fair, so have ferrari, lambourghini and even masseratis'.

Nearly 600bhp through all four wheels tends to do that, and from an old car with a stupid looking wing on the back.  Its like them HFT bots, it nearly rips your face off under hard acceleration.

Fuck porsche, and the horse it rode in on.

Wed, 05/01/2013 - 14:22 | 3518979 redpill
redpill's picture

Still can't outrun ugly!  Cool car though, I do enjoy watching those madmen on WRC.

Wed, 05/01/2013 - 14:36 | 3519094 Inthemix96
Inthemix96's picture

Sorry redpill you can.

I wont be keeping it much longer as it cost to fucking much in juice, but believe me it is fucking mental.

Its like rolling thunder.  And there is nothing, and I am being straight up here, nothing at all I have ever put my foot down with and not beat.  Its been a laugh, but it deserves a better driver than me, cos' I'm only good in a straight line, I dont have the reflexes for corners in this missile.

It really is that quick, and to be fair the wife thinks its a waste of money.  And here, its only a two litre petrol, all be it turbo'd, but its a fucking gem.  Best one I had was with a BMW M3, the one with the carbon bonnet.  The lad driving gave me the thumbs up and we set away on the A19 going south from a standing start from lights.  By the time I hit 120 mph, he was a blip in the mirror and my face needed reconstructive surgery.

Fucking mental from a two litre car.

Wed, 05/01/2013 - 13:41 | 3518761 Zer0head
Wed, 05/01/2013 - 13:44 | 3518772 ebworthen
ebworthen's picture

Kind of like racing horses and silk right before the French Revolution.

Wed, 05/01/2013 - 13:44 | 3518773 RockRiver
RockRiver's picture

Porsche rocks.....

Wed, 05/01/2013 - 13:53 | 3518805 natronic
natronic's picture

They are probably mostly being funded by QE4EVA.  It's just another thing climaxing before obamadon'tcare takes effect.

Wed, 05/01/2013 - 13:54 | 3518812 IridiumRebel
IridiumRebel's picture

Whats the difference between a Beemer and a porcupine?

"I do not know IridiumRebel, what is it?"

A porcupine has the prick on the outside whereas the beemer, the prick is on the inside. 

 

{insert any luxury car at will for this joke}

Wed, 05/01/2013 - 13:53 | 3518815 brucyy
brucyy's picture

Porsche 356 1961 bitches !!

Wed, 05/01/2013 - 13:56 | 3518816 css1971
css1971's picture

There you go. The economy's booming.

Wed, 05/01/2013 - 14:08 | 3518872 Rathmullan
Rathmullan's picture

and that's just the trickle down to the coke dealers and prostitutes. wall and broad playas wouldn't get caught dead in anything other than a McLaren or above.

Wed, 05/01/2013 - 14:09 | 3518906 highly illogical
highly illogical's picture

I know a guy looking for an 09 used porsche.  Now I know why he complains there is no inventory.

Wed, 05/01/2013 - 14:24 | 3518973 dolph9
dolph9's picture

The value of cars is supported by credit and thereby, the value of most cars is much, much lower than people think.  And a car is no good without gasoline, which even the wealthy need.

I do not fault those with the fiat who spend.  But for most of us, cars were just another thing marketed to us our entire lives, getting us to part with our money so we can feel manly for awhile, then ending up 50 years old with a "sports" car that needs repairs just to move, a "trophy" wife who needs plastic surgery, a dick that needs magic pills, and having to share the road with a billion other people who you hope will just die off, because surely owning a sports car means that you are entitled to an eternal life of speeding down the world's motorways at 90 mph with nobody else on them.

Best to keep your used car or something practical.

Wed, 05/01/2013 - 14:54 | 3519192 Cognitive Dissonance
Cognitive Dissonance's picture

LOL

I'll keep my wife. She actually thinks I'm the trophy. This old fart came out of the shit pile smelling like roses. :)

Wed, 05/01/2013 - 14:23 | 3518985 dr.charlemagne
dr.charlemagne's picture

I would absolutely love to have a list of every American who made more than say 2 million last year and analyis of how the money each of them made is connected to the actions the federal government or the federal reserve. I think it would explain a whole lot of stuff.

Wed, 05/01/2013 - 14:23 | 3519006 bluskyes
bluskyes's picture

When I get finished this contract I'm on right now, I think I'm going to start my own guillotine / gallows business.

Wed, 05/01/2013 - 14:26 | 3519009 Bunga Bunga
Bunga Bunga's picture

Porsche - proudly made by unionized workers.

Wed, 05/01/2013 - 14:29 | 3519031 Hangfire
Hangfire's picture

I have noticed the same trend on ebay, except in the 65 gto, lots of bids up to $30k these days whereas a couple of months ago you were lucky to see a $25k bid.  Then again most of the sellers are looking for a $50k-ish sell price so most are left sitting, reserve not met!  

Wed, 05/01/2013 - 14:44 | 3519125 Yellowhoard
Yellowhoard's picture

For what it's worth, a friend of mine manages one of the largest Mercedes dealerships in the US and he told me yesterday that April sales fell over 50% from March.

Wed, 05/01/2013 - 15:11 | 3519258 bnbdnb
bnbdnb's picture

What state?

Wed, 05/01/2013 - 15:07 | 3519237 22winmag
22winmag's picture

I want to go 1980s style with a 928.

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