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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.94+0.2%Nov 19 4:00 PM EST
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To: Haim R. Branisteanu who wrote (43273)11/30/2008 3:30:48 AM
From: elmatador  Read Replies (1) of 217882
 
second hand cars will disapear from Africa. Cheap loans made new cars available and epople in Europe and Japan were changing cars like they changed their underwear.

Africa became dumping grpund for the second hand vehicles because everyone cold get loan to buy new ones. This may chnage as people will hang on to their existing cars for a loang time as they used to do in the 80's and the few second hand cars in Africa were really old.
Today they are quite new. See Elmat's parking lot. the ones with dusty roof have already run of spare parts or owner has no money to repair. and they are left abandoned. The clean ones are moving, still but possibly will collapse too very soon.
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