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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (34788)	1/29/2011 11:40:14 AM
From: John	2 Recommendations Read Replies (1) \| Respond to of 71477

How can this not negatively affect growth in the auto industry? latimes.com excerpt: Gov. Jerry Brown on Friday ordered government agencies to halt new car purchases and sell automobiles that are not "essential" for state business as he launched an effort to cut the number of state-owned passenger vehicles. The governor said the state needs to reduce spending at a time when it is facing a $25.4-billion budget shortfall. --- This action has two consequences: It directly decreases demand for new vehicles and it floods the market with late-model used cars, which will further decrease demand for new vehicles in the private sector.