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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (89490)	10/31/2008 4:51:55 AM
From: Proud Deplorable	2 Recommendations Respond to of 116555

Now this is funny, to me anyways. Up here this firm, Canaccord Capital, has had a bad reputation for decades. No one will miss their games. financialpost.com

To: mishedlo who wrote (89490)	10/31/2008 8:59:39 AM
From: ajtj99	1 Recommendation Respond to of 116555

Mish, in the heavy truck business in the US there have been a couple periods in the past 20-years when there were huge pulls forward in demand due to new EPA requirements for diesel truck emissions. While the economy likely has something to do with the Volvo situation, I suspect there may be new emission standards in the European 2009 models, which ship in the 3rd quarter if they're like the US. US heavy diesel emissions standards changed the fuel economy for the new engines to about 15% worse than the old standard each of the last two times it occured. Paccar, maker of Peterbilt and Kenworth trucks warned about the pull-forward effect the last couple times it happened. I wonder if Volvo did as well. The disruption is quite large the first year after a new diesel emissions standard is enacted for heavy haulers. A 15% fuel economy penalty is a huge disincentive to buy.