• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

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.

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