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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (218981)	9/4/2009 8:52:25 PM
From: Perspective	Respond to of 306849

Ah, it's all just the little boys playing around in the sandbox while the big boys are away. Today was the last official business day of summer. Let's see what happens when the Big Boys come back and take over again on Tuesday. I'm thinking they may see things a little differently than the B-string, but I could be completely wrong. Perhaps they'll survey the landscape and see that they can make more money jamming the market even higher before they take it back down; if so they will do that first. But if they think it's time to shear the sheep, then look out below. `BC

To: Giordano Bruno who wrote (218981)	9/4/2009 8:59:27 PM
From: Secret_Agent_Man	Read Replies (4) \| Respond to of 306849

Leaders from the independent aftermarket were among the most vocal against the program, and they continue to be so after the fact. As, CARQUEST™s Pete Kornafel, chairman of the GAAS scholarship committee, writes: Here's some math from your stories ballyhooing the fact that the average clunker got 15 mpg and the average replacement gets 25: A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline. A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year. So, an average clunker transaction reduces U.S. gasoline consumption by 320 gallons per year. The total is about 700,000 vehicles so that's 224 million gallons/year. That equates to a bit over 5 million barrels of oil. 5 million barrels of oil is about ¼ of one days U.S. consumption. And, 5 million barrels of oil costs about $350 million dollars at $75/bbl. So, we all contributed to spending $3 billion to save $350 million. How good a deal was that???