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

To: TH who wrote (101049)	2/8/2009 7:07:51 PM
From: NOW	Read Replies (2) \| Respond to of 110194

will car prices continue to fall in order to stimulate demand or is there a limit?

To: TH who wrote (101049)	2/8/2009 7:43:59 PM
From: dave9	Respond to of 110194

Psychological. I talked to some individuals who are about as secure as secure can get, comfortable, without concern other than pained see friends laid off, but totally unwilling to spend on anything major. Fear, plus an idea that things will fall in value very quickly. Want to guess the value of a $30,000 car purchased new now in one year? (Probably $40,000 if you think about it). Don't know where we will be next year but believes that it will be worse or the recession not over. I am starting to be concerned about staying in cash but there seems to be nowhere to hide. I think the savers will be punished; the worst thing next for baby boomers is to be punished for running to cash. I need to get out of this lemming group. Still employed (!?!) or was when I left Friday; - david.