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: Cogito Ergo Sum who wrote (108852)	2/24/2010 11:25:10 AM
From: Hawkmoon	2 Recommendations Read Replies (2) of 116555

Blooooody 'ell!!.... LOL!! Btw, in perusing this ChinaBizGov website, I came across this little story.. Want a Camaro? The dealer rebate in China is more than the price of the actual car in the US: The Camaro lists in China for about $117K, and is now discounted to $93K. That's $93K for a car you can buy in the US for under $30K! So if we take $30K as the cost of a nicely-equipped Camaro, and add to that a generous shipping charge of $10K, we have a car for which GM should want to collect about $40K in China. chinabizgov.blogspot.com Something about a 25% tariff in there as well.. Good thing China's a Free Economy (according to TJ).. Hawk

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