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How QE Helped Main Street
Submitted by Michael Gipp of The World Complec
How QE helped Main Street, Example 2: Maserati dealerships
I haven't written on this topic in a long time, but it is time once again to look at the magnificent benefits that have accrued to main street businesses as a result of bailing out bad bets of banks. Today I have selected another typical main street business--the car dealership. I have randomly selected the Maserati brand as the subject of today's investigation.
Sales data for Maserati sold in North America are available here.
Annual sales of the Maserati brand (in number of cars sold) ranged from less than a thousand per year in 2002 to nearly 13,000 in 2014, thanks to the benevolent leadership of the Fed.
This is a chart that truly screams "Recovery!" In fact, it is quite clear that things are far better now than they have ever been before. If your life seems to be at odds with the obvious economic reality, you are clearly not working hard enough (or perhaps not at all).
All the propaganda to the effect that the goal of quantitative easing was to make the richer even richer still is thoroughly debunked. We can see that small, struggling family businesses like high-end diamond retailers and Maserati dealerships have indeed benefited from quantitative easing.
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ROFL! Today is turning into an very entertaining "Satire Sunday".
Nicely done.
10 year old Toyota Corollas are stable.
I don't believe the author knows the meaning of the word "random".
It has real meaning.... Words matter.
Here’s an interesting tidbit from the Xinhua News Agency.
President of Cyprus, Nicos Anastesiades, has just announced that during his visit to Russia on February 25 he will offer Russia to build Russian military bases on Cyprus, including a military airbase just 40 kilometers (25 miles) from the Royal Air Force base in Akrotiri.
Looney
http://en.wikipedia.org/wiki/RAF_Akrotiri
...Not surprising....only American household product/food that dropped in price during 2014 was........
.............KY Jelly
Goes well on toast or bagels.
I'll say it for the rest of the board; u sir are an idiot
Please say a little more so I know more why people think what I said was idiotic.
It is entirely factual. Using a point of data that was chosen to show huge sales for .01%'ers and saying it was randomely chosen is just stupid.
Maserati, Ferrari, BMW, Escalade, Mercedes, Tesla, etc.
Any vehicle that is priced beyond 90% of the populace and a ridiculous indulgence is flying out the door.
The ones that are flying out the door on bad debt may as well be "cash for clunkers" for the next collapse.
Does your Maserati do 185?
It does, but I lost my licence, now I don't drive
"I have a limo, ride in the back. I lock the doors in case I'm attacked."
Never more appropriate lyrics!
Life's been good to me so far.
To be honest, I did an inverse leveraged bet on the Ruble last year at 1000:1. I bought most of those Maseratis myself. I have them stored underground in Yucca mountain as an 'investment'. That's why you're not allowed to dispose of radiocative waste from nuclear power plants there.
"They say I'm lazy but it takes all my time, Lifes been good to me SO FAR !!"
... first class traveling set, and I think I need a lear jet
I'm all right, Jack; keep your hands of MY stack!
(Money, so they say, is the root of all evil today, but if you ask for a rise, it's no surprise they're giving none away!)
I lost my license; now I don't drive.
may be I'm crazy after all I've been through...
I have a mansion, forget the price.
Ain't never been there, they tell me it's nice.
Are you guys going to be doing this "all night long"?
We attend "meetings," sometimes until four.
(It's hard to leave when you can't find the door.)
So we're game if you are.
Do it like banksters' puppet Draghi
LOL. Maserati in every garage and a chicken in every pot.
And a red, white and blue dick in every ass! (credit to G. Carlin for that thought)
The bonus here for main street is that if you are ever a little short for the week after buying your new Maserati, the entire interior is made of friut rolls ups so you at least have something to eat.
Trickle Downists Nirvana!
The majority of the wealth in the hands of a few Capitalists...multi-billionaire Crony Capitilists...I can hardly wait for the piece of the trickle down pie they will allot me!
Until then, all we have to do is sit back, live off our welfare benefits so graciously provided by our leaders, and wait for Trickle Down Economics to deliver!
Good Times are just around the corner! Maybe only a few more trillons into the hands of the few and we shall be delivered from poverty!
If QE3 did that, just wait till QE4!
or QE5 or QE6
no need ! cheaper gas and other currencies devaluing does the trick
Maserati is a poor example to prove your thesis because their sales increase was mainly due to the fact that they introduced a new car last year, the Ghibli, that is half the price of their flagship model.
75k...what a bargin
Never buy the cheap model in the lineup. It's very declasse.
"Maserati is a poor example to prove your thesis because their sales increase was mainly due to the fact that they introduced a new car last year, the Ghibli, that is half the price of their flagship model."
Exotic car sales surge to record high
Lamborghini, for instance, reported sales of 2,121 cars worldwide last year, the brand's third consecutive year with a sales increase.http://money.cnn.com/gallery/autos/2014/02/05/exotic-car-sales-records/
If you think the economy is not recovering very quickly, it seems no one told that to the people who buy Lamborghinis, Bentleys and Rolls-Royces. Sales of those cars are soaring.
Rolls-Royce delivered a whopping 3,630 cars in 2013. That would be regarded with a shrug by most automakers but, for BMW's ultra-luxury brand, it's a huge deal. In fact, it was Rolls-Royce's fourth consecutive record year.
Bentley, too, had a record-breaking sales year last year. It actually hit five digits, selling 10,120 cars worldwide in 2013, the most ever in Bentley's 95 years in existence.
Aston Martin sold roughly 4,200 cars globally which would have made it the automaker's best year since 2007.Thats why I simply love the Bentley, I can only haul 2 bales of hay in the Maybach and the mud grips rub when I turn corners.
Maserati was popular in the late 70's
https://www.youtube.com/watch?v=PSTlVCsLj_Q
Powerball is our game. You can win $450,000,000...but your odds are only one in 175,223,175.
http://www.dailymail.co.uk/news/article-2944559/Lottery-No-jackpot-winne...
That's better odds than getting killed by a terrorist. I'm in this week.
There's a strong correlation between Maserati ownership and girlfriends/wives with silicone boobs. As boob enhancements have become more common and mainstream, the level of Maserati ownership has naturally risen to keep up. Annual sales of penis pills and mens' cologne are also way up.
But you won't be able to eat a Maserati when the fat lady finally sings.
Who cares,,, you will look good starving.
<<< looking like a dumb nitwit
<<< looking good
got a Maser down the street from my rental house 900 sqf cottage 750K Maser 125K ! lifes good !
sarc
As far as I'm concerned, QE can carry on for a little longer. The more currency printed, the bigger the implosion, the bigger the boost to gold and silver prices.
Anyone reading this, should be holding minimum cash levels, optimum gold, silver and real estate. Something tangible. So QE shouldn't be affect you THAT much. You'll still feel an impact, but minimal.
The people who I feel sorry for are the people who live hand to mouth and cannot afford to invest in gold and silver and spend all their money on rent, food and fuel. They cannot prepare properly for this. I just hope some of us Zero Hedgers (I know I've only been here a few days, but I feel I'm one of the crew! :O)) will help these guys and girls when the brown (or beige. Depends how much fibre you've consumed) matter hits the oscillating instrument and these people truly can't defend themselves....
I'm greatly relieved that the Maserati demographic is somehow surviving these trying times.
Maserati! The "opiate" to the masses!
The 1% masses that is!!!
After all... Who doesn't need a different colored one for every day of the week to go with "7 days of the week" porshes and "7 days of the week" ferrari! Certainly wonderful news for those construction companies that will be building bigger garages for them!
If I was a 1%er I'd diddle diddle diddle diddle diddle diddle in my Maserati
Sung to the tune of
if I where a richman
all day long is diddle
But in five years you can pick up that $175k Maserati for $50k.
When the rappers all started buying Bentleys in the '90s the value of used ones went through the floor. You could buy a biturbo for $35k. It was a $150k car when it was new just a few years earlier. The seats and the stereo were worth more than what you paid for it.
The first rule of being a 1%er though is if you can't afford to buy a new $200k car every year, you don't belong in the club in the first place.
I'm still waiting for the Davos sacrificed supple young human child seat option. It is probably already there for select clients. Even the best cow can't make leather that soft.
I thought it was due to last year's super bowl commercial which introduced Maserati to a lot of Americans.
So does that mean it's a good time to short Nationwide after this year's debacle?
A former Bay Area public official accused of setting up a fake identity as a Rincon Hill developer in an elaborate scheme to steal $1.3 million in San Francisco public funds recently purchased a $1.5 million Oregon beach home, the San Francisco Chronicle reported.
http://www.bizjournals.com/sanfrancisco/blog/2015/02/clarke-howatt-abag-...