The Last Time Automakers Channel-Stuffed This Much, Lehman and GM Went Bankrupt
Don't show Phil LeBeau this chart!
While day after day we are told how fantastic auto sales are in America... and how the reported data from the automakers shows just how 'strong' the US consumer must be.. and therefore the US economy.
However, as the following chart shows - it's all false!!
Relative to apparently surging sales, inventories of (unsold) motor vehicles are at their highest since August 2008...
In other words, the channel-stuffed "see how well we are doing" smoke and mirrors of credit-fueled malinvestment has hit a wall and yet the automakers - afraid to signal any chink in that armor - kept producing... there is only one way this ends... badly!
Simply put - The last time automakers channel-stuffed this much, Lehman and GM went bankrupt shortly after.
(17 votes)
»
- Login or register to post comments
- Printer-friendly version
- Send to friend
- advertisements -
GM didn't go bankrupt. Obama saved them, just before he lowered the sea levels.
GM's latest TV commercial. They look a little desperate to me.
https://www.youtube.com/watch?v=IGUBm0XQbqA
Maybe Obama should start threatening to confiscate cars like he does guns. Watch the vehicle sales spike as the cars start rolling out the doors.
That is still a few years off. But it is coming. It is written
Edit:agenda 21/30, look up mega regions and strong cities network. un army coming soon to a city near you. agreed on in october and un strengthens it this spring. Look it up. Its real.
People are so dumbed down, they are walking right into a trap with a smile on their face and happy to help. Psy op bs textbook stuff
Until they've been severely under the gun they just don't get it though, everything is fine in their life, after all they're just good politically correct citizens, what do they have to worry about?
They actually can't see it until it happens to them.
That's the problem.
Yea we all know about Bernays and his phycho strategy. its working... its all working on the d a's who are convinced that america is bad.
America has been comandeered. THis is not the real one.
lexington and concord battles were over weapons confiscation... look that up
yup, the Redcots were coming to take the Yankee's powder stores
Powder...gunpowder.
Guns are useless without it.
They did go bankrupt... THEN Obama saved them
LOL!
http://www.amnation.com/vfr/Obama%20as%20Moses%20parting%20the%20sea.jpg
"Osama is dead, al Qaeda is on the run and GM is alive"
- B. Obama
No, recall;
‘I’ve (Bush) Abandoned Free Market Principles To Save The Free Market System’'President George W. Bush stepped in Friday to keep America's auto industry afloat, announcing a $17.4 billion bailout for GM and Chrysler, with the terms of the loans requiring that the firms radically restructure and show they can become profitable soon.'
12/19/08
Yahoo just dragged Marc Faber out of the crypt, so the bottom is in!
http://finance.yahoo.com/news/faber--stocks-have-been-falling-for-over-a...
Yeah, we get it. Every news is "the worst _________ since 2008!" "Lehman died the last time _________ was this bad!" "Panic! Fear! The ~7-7.5-year cycle is upon us and the end is nigh!"
I used to love this website, but I think the writers have lost their collective shit.
No worries Savage. All is well. Please return to your Netflix and Cramer and have a nice nap.
Cramer is a hack and I'm logged into the Bloomberg terminal on my other monitor. Thanks for playing.
I have Bloomstein and Marketwretch up and the "tickers" are totally not jiving....WTF? LOL.
You'd think Bloomstein would be in real time on its front page...
Their website has gotten bad since taking over Businessweek. They want you to pay $2500/mo for the terminal service. Even then, you have to pay extra for the real-time feed. I get it free through work. If I ran my own shop, I'd go to something like Money.Net.
Yep, Google/Marketwretch deviations big-time.
I'm going to do an experiment...shits and giggles...
Compare today's DJIA closing #s
Net and Print tomorrow.
Some visual evidence for some annoying sheeple in my life.
Okay, pulled up Yahoo Finance...supposedly real time ticker...
Whacky viewing for sure...never tried this before....
Everything is bs...
Then compare that to Google Finance. Probably another deviation. My brokerage account seems to be the most up-to-date, but tough to tell.
I've been fantasizing about Lily Munster lately...hotter than Mortisha Adams? Jury still out...gotta drown away the blues and news somehow...
Morticia by a longshot.
Imagine Wednesday all grown up...
http://40.media.tumblr.com/025aaa3599d2e142ed0f7fdc508e6fb4/tumblr_inlin...
The rhetoric is all over the so-called Alternative Mediaverse and I agree, it's fucking obnoxious... ZH is still my favorite go-to though...mostly for the comments! Alt-Media sites that have really become obnoxious: Before It's News Blacklisted News The Daily Sheeple The Intel Hub INFOWARS AND PRISONPLANET.COM DRUDGE REPORT (Fuck your aggregated news bs Matt Drudge you hipster wannabe fuck-wipe). The Commonsense Show (Fuck you Dave Hodges and your bs fearporn/clickbait babble) There are more, but I'm kinda pissed now, lol...ZH is the only tolerable place left in my fool opinion.
Yeah, I live in Michigan and what factories remain are churning out cars and trucks like crazy...where the majority of those produced remain in dealer lots...then suddenly, new models arrive and the last year models vanish...they must come at night with the trucks to load 'em up.
Seriously though, who the fuck is buying all these cars EVERY year? Seven year loans do not point to a consumer base that has the "chedda" to buy a new car every year.
"who the fuck is buying all these cars EVERY year?"
Well... the Toyotas are going to the ME where driving conditions are really a bitch, what with mines and bombs and such. They can go through a lot of inventory in a hurry - especially since Putin started helping the "planned obsolescence" program along....
Now if they can only reconfigure the distribution model to assign different brands of light duty/heavy duty pickups and vans to different factions, they could save the whole US auto industry!
GM still churning out low-quality pieces of shit, dumb-asses still 'buying' them.
.
From what I see it's mostly hipsters and coons that are doing it. GM, reaching new lows.
I've noticed the same gm buyer demographic in my area. I've also noticed overweight dirt bags seem to love old Buicks.
Why is nearly every old Buick missing about half its paint?
.
They closed Fischer Body in Flint, MI.
I had an 80 Buick (with a Fischer Body Paint Job) and the paint job was the only thing that held the p.O.S. together.
IDK, most of the ghetto drivers are getting Chrysler for some reason. Then again Chrysler marketing has been targeting the black community. Lots of secondary market 300's in the hood with big chrome wheels...etc.
I recall Nancy Peloci saying they'd start building the cars people want. Other than the government fleets I think it's still trucks they make money on.
I never said that!
I ordered the sheeple to accept what we wanted them to drive.
I am waiting to see big discounts on Corvettes. I'll buy it, store it., and my great grandkids will have a real antique in mint condition.
One to drive during the apocalypse, according to some commenters on this site.
I hope they love the smell of gasoline. Ever ridden in one of those things? The smell of gas will give you a headache.
Sharp-looking car except for the tail end which looks like one of those hideous Camaro's. A friend had a new camaro and the engine just seized-up one day. He later found out this is a 'known-issue' with that v-6 motor. Can you imagine that...? It is a known issue our motors have a tendancy to seize-up, but fuck-it just keep selling em. un fricken real. (GM did pay to fix it).
.
LOL - best post so far today. THe Plastic pig rides again.
the old Vetts handled like the worst pickup you ever drove
I see them and wonder when Pontiac started making the Vette.
I see them and wonder when Pontiac started making the Vette.
You will be waiting a long time! They only make about 4000 per year and the last 2 years have not been able to keep up with demand!
I see a big government program to sell cars...have to keep those Union Democratic voters working...and God forbid you are a foreign manufacturer that has a falty car....you are going to get killed with Fines...
100% off man ...
https://www.youtube.com/watch?v=BRqKpanzDQw
Last time the lots were this loaded our local Chrysler dealer did the buy one get one "free".
Worked like a charm, the sheep camped out to scoop up the never gonna happen again deal!
100% OFF SALES ...
(soon)
https://www.youtube.com/watch?v=BRqKpanzDQw
why buy today when I can get later for next to free... then it will match our incomes
I was talking to an old guy down here...he lived in Detroit during the 50s and 60s...he said he had a new car every year since he was 15 years old...his dad was a housing contractor..wealthy....those were some nice cars to have i would think...they still are from those years....
None of that junk will be worth anything except to Jay Leno types who have the capital to actually maintain it.
it just doesn't matter. nothing matters. main street will die and wall street will prosper in any event. articles like this make me want to buy gm stock because the system is just that fucked up.
(that's bullish)