Housing and Auto Sales are picking up.

Discussion in 'Economy' started by Neubarth, Feb 2, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Housing and Auto Sales are picking up! WOW!

    This according to Morningstar. They think the market is at bottom as the increase in car sales starts first and is usually massive when a recession shows signs of abating.

    I am no economist, but I did look and it appears that the first indicators of a Recession coming to an end is a massive pickup in Auto Sales and housing sales increasing. That is exactly what the statistics are now showing.
     
  2. GHook93
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    GHook93 Aristotle

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    I'm its going to take all of 2009 and probably half way through 2010 before we can say we are moving up from the bottom!
     
  3. Skull Pilot
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    Skull Pilot Platinum Member

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    I was talking to my lovely wife as we were going out for a cocktail the other night and floated the idea of buying a new Mustang this spring.

    8 cylinder, five speed, black with white stripes.....................SEXY
     
  4. Paulie
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    Paulie Platinum Member

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    You've been one of the biggest doomsdayers around here for a while now.

    All the sudden this one article has changed your mind?

    This is what happens during deflation. When you couple it with low interest rates, this is what you get. You can practically get a car for free these days. You can name your price. Mortgage rates are historically low, and home prices are plumetting.

    What else would you expect?
     
  5. editec
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    editec Mr. Forgot-it-All

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    Saw my X yesterday. That woman is cursed when it comes to cars, folks.

    She's been driving a Scion, (one that has been in at least four accidents, only one of them her fault) and as it had been rode hard and put away wet, she elected to trade it in and get a new one.

    So she's driving home from the dealer, a ride of less than three miles, when somebody slams into her passenger side.

    She'd owned the car for less than three minutes.

    The X is not only a boon to the auto dealer economy, but she's helping out the auto repair economy, too.

    She's a good American.

    Just never lend her your car.
     
  6. Truthmatters
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    Truthmatters BANNED

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    fricking A this girl is one unlucky soul.
     
  7. Neubarth
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    Neubarth At the Ballpark July 30th

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    doomsdayers? Not exactly. As I have said, I have no economic background. I never studied it in college. No Macro. No Micro. What I do with respect to issues I write about is look at the history. Up to this point, I have seen repeating aspects of history that we are experiencing and almost everything looked bad. To counter that, I have been trying to find a site that has some positive spin. Morningstar has that approach. I looked at various stats on economic recovery, and it is true that for the recession to end, we have to see the car sales start to pick up. Morningstar says it is happening. IF so, now history is pointing towards some sunshine. We need that. Don't we?
     
  8. Neubarth
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    Neubarth At the Ballpark July 30th

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    So much positive news. This is on Yahoo Financial.

    "A better-than-expected reading on the manufacturing sector is easing some of Wall Street's' concerns about the economy. The Institute for Supply Management says its manufacturing index rose to 35.6 in January from 32.4 in December. Economists were expecting a reading of 32.6."
     
  9. Gord
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    Gord Active Member

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    The stock market is the major leading indicator of the economy. It isn't picking up. It hasn't even tested November's low yet.
     
  10. Paulie
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    Paulie Platinum Member

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    It's getting close. I'll probably sell my DXD and take my profit when it touches the low 7000's.

    And Neubarth, saying car sales need to pick up is obvious. In deflation, we should EXPECT to see cars and houses selling more because prices are down, and big ticket assets can be bought at bargain prices.
     

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