The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (3733)	10/22/2019 8:28:15 AM
From: robert b furman	2 Recommendations Recommended By elmatador SirWalterRalegh Read Replies (1) of 13803

HI Elroy, There are always finite resources. In the car business, the building was inexpensive and best treated as a fixed expense. In the car business with slim margins - the working assets are what absorbs working capital, new vehicles are floored - with an offsetting credit balance as money flows in and out. Used cars equal what the building cost and parts can be another million. Then all that fluctuates dependant upon the greed of the OEM. Best to have a pile of cash you can rely on and make a monthly mortgage payment or two each month. We always made a payment on the 15th and the 31 and accelerated the pay down. I do not claim to be a climate anything. Global warming is a failed scam and it now goes to climate change - must have been embarrassing watching the Grand Solar Minimum cool things off. As for the climate, like the stock market - it will fluctuate, of that I'm sure. As for CO2, my carbon footprint has a big minus sign in front of it. Bob Bob

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