Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John McCarthy who wrote (80687)	6/26/2008 6:11:13 PM
From: koan	Read Replies (2) of 116555

Regarding cars, a lot of people are going to walk away from them just like they are doing with houses. Many of those huge SUV's and trucks cost 40 to $50,000 and only get a few miles to the gallon. That is as much as cheap condo and about the same as trailers. In my town a lot of the kids working for $10 an hour bought the big trucks and now cannot put gas in them. They are ogin to hav to jsut walk away from them. What I am also curious about is if a lot of them are actually financed by the car companies, or do they sell the loans?? If they are financing them then that is another loss of money they will be losing.

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