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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1418)	10/11/2003 11:00:26 AM
From: ild	Respond to of 110194

GE Y/Y numbers. GE Industrial operating profit down 31%. GE Plastics operating profit down 55%. Power Systems revenues decreased 18% and profits declined 31%. Where is the recovery? GE Capital revenues grew 14%. GE is a hedgefund with AAA rating.

To: russwinter who wrote (1418)	10/11/2003 12:27:22 PM
From: Ramsey Su	Read Replies (4) \| Respond to of 110194

Ever since 9-11, the industry is addicted to these incentives, especially zero percent financing. No one now dares to return to the old days for fear of losing market share. someone posted this somewhere last week. So are the autos strong this past week due to DCX's announcement of 80 new models? or is it the phantom drop in unemployment claims? or because Jupiter is aligned with Mars? freep.com I sent the link to a friend who is the fleet and leasing manager for a local Ford dealership (he claims they are #99 largest Ford dealership in the US), asking him if this article is true. His response: Yeah, it's true! Most people are upside down when they trade in. Dealers can usually buy a car in good condition for $2-3,000 less than low blue book at the auction, so we always give the customers an equivalent amount when they trade in. It's very hard for anyone, nowadays, to build equity in a vehicle unless they had put a lot of money down, bought it at an excellent price, or got very large rebates - or any combination of these. Since people, more and more, don't have a large down, and they all have negative equity, they will never get above water. Each time gets them deeper in the mire, until the lender says they need more down payment for them to be able to get their next car.