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To: Kartographer

Look who is BUYING the cars. Largely credit criminals using extreme sub-prime financing backed by printed liquidity money (See Ally Bank, which used to be GMAC).

Trucks are selling because the fleet is the oldest it has ever been, and if you want to stay in business, you need reliable trucks.

Flights are “Full” because there are far fewer seats available today, than there were ten years ago.

ALL OF IT is being fueled by cheap money and cheap credit, not economic growth, while average wages continue to fall.


16 posted on 01/14/2015 11:12:57 AM PST by tcrlaf (They told me it could never happen in America. And then it did....)
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To: tcrlaf

Face tcrlaf you just don’t get out much either. ;-)


17 posted on 01/14/2015 11:15:18 AM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: tcrlaf
ALL OF IT is being fueled by cheap money and cheap credit, not economic growth, while average wages continue to fall.

There is a lot of "big" money sloshing around trying to find a home. I live in a Big 10 college town and big apartment building projects have been relentless for several years now. The local paper just had an article about how Chinese money will be funding a fairly big new project. The first thing that crossed my mind is whether they are going to be empty like many of the ones in China. My take is that the build out has reached peak madness.

53 posted on 01/14/2015 2:40:50 PM PST by EVO X
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To: tcrlaf
Flights are “Full” because there are far fewer seats available today,

Flying is so different now. Just a few years ago you could get on a plane and there would be some empty seats. Now it is rare to have a half filled plane. It's unusual to see any empty seats.

57 posted on 01/14/2015 7:57:23 PM PST by ladyjane
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