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: Bid Buster who wrote (87517)	10/1/2008 3:11:03 PM
From: RealMuLan	1 Recommendation Read Replies (1) of 116555

Ok, your guess is as good as the reporter's. One thing for sure is that if this credit crunch continues, you may very well be right. I heard on Bloomberg the other day, Auto Nation CEO said they have about 20% clients who would like to buy luxury cars Cannot get loan! And Auto Nation sells about 10% of US mercedes, and 7% of other luxury cars. Today's ISM may have more to do with the credit market than the real strength of the US economy. This whole US economy has been operated on Credit. So when the blood is getting dry, the economy will die slowly!

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