Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (6912)	9/20/2002 5:07:40 PM
From: Jim Willie CB	Respond to of 89467

WTC attack is #6 in list of 10 threats to US Economy / jw

To: stockman_scott who wrote (6912)	9/20/2002 5:20:57 PM
From: Jim Willie CB	Respond to of 89467

Stock Market Bubble, Housing Bubble…Auto Bubble? a clip from Mario Ricchio (from FinancialSense.com) As I briefly mentioned before, OPEC appears to be gaining more control of US economic and government policy in general. The rapid, seemingly unending rise in auto purchases has a lot to do with this case. Consumers are providing increased demand for oil by their consumption of dealers’ SUV inventories. How sad is it that in essence, the American consumer can be partially to blaim for the total ineffectiveness of U.S. government policy? This will have to change and it won’t take long. While automakers continue to roll out their new lines of vehicles, used car stockpiles continue to build. Could we be seeing an “auto bubble” in the making? What’s worse is that auto manufacturers, although increasing revenues, have failed to boost profitability. This is in large part due to the benefits that have led to the buying craze itself. Zero percent financing and zero down equals a profit margin of ZERO. So pitiful is the irony of this conclusion. We do in fact have a similar situation taking shape with auto buyers as we do with people who have turned to real estate. As a result of cheap financing, auto manufacturers are able to sell vehicles to purchasers that otherwise would not be able to afford it, all this while organizations ramp up promotion of public transportation. Do you think the government has the inside track on this case? Household net worth drops just over 3% according to the Wall Street Journal. Need I say more?