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What The Heck's Going On With Vintage Automobiles?
Authored by Wolf Richter via WolfStreet.com,The fate of asset bubbles under the new regime.Everyone is hoping that next Friday and Saturday, at Sotheby’s auction in Monterey, California, the global...
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Tesla Is The World's 4th Largest Automaker (Despite Only Selling 76,000 Cars...
It’s been another breakout year for Tesla. Over the course of 2017, the company’s market capitalization has soared beyond those of major manufacturers like Ford, GM, BMW, Honda, and Nissan. This thrust...
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NAFTA Opening Round Fissures Over The Meaning Of "Substantial": What's The...
Authored by Mike Shedlock via MishTalk.com,Trump is bound and determined to have his way in NAFTA negotiations whether or not anyone agrees with him. Ironically, not even the auto manufacturers do. The...
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Here's How Much You've Lost On Your Used Car So Far In 2017 (Hint: A Lot)
America's favorite rapidly-depreciating asset is now losing it's value fast than ever...which is probably not good news for an auto market in which 25% of people were already underwater by an average...
View ArticleFrontrunning: August 22
Trump commits to a 'fight to win' in Afghan war (Reuters)Stay or Go? Some Trump Aides Are Pressed From All Sides (WSJ)Futures higher as traders pick up beaten-down stocks (Reuters)Divers Search...
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Global Markets Rise As Shutdown Fears Recede; All Eyes On Wyoming As Jackson...
U.S. stock-index futures are fractionally in the green as European shares rise, Asia is mixed and oil drops modestly. Global risk staged a rebound and markets unwound some of yesterday’s safe-haven...
View ArticleFrontrunning: August 25
Trump to push for tax reform passage by year’s end, says Cohn (FT)Bond Routs, Stock Surges: Jackson Hole Can Be Messy for Markets (BBG)Hurricane Harvey intensifies (Reuters)GOP Plan to Kill Estate Tax...
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RBOB Prices Tumble, Erase Harvey-Induced Gains
Following WTI crude's drop yesterday - apparently on reduced refinery demand due to Hurricane Harvey - RBOB gasoline is now tumbling, erasing yesterday's Harvey-related gains, as traders realize the...
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Ford To Abandon "Traditional Credit Scores" For Underwriting Decisions As...
So, what do you do when your sales are stalling because you've already financed new cars for every man, woman and child with a credit score north of 500? Well, you simply abandon credit scores in the...
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Carmageddon Continues - Dealers "Wildly Overweight" SUVs As Sales Slow
Authored by Mike Shedlock via MishTalk.com,The auto boom, one of the key components propping up consumer spending, has come to an end. Dealers are wildly overweight SUVs just as the market turned.As...
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"We're Back In The '60s Again" - Bomb-Shelter Sales Are Booming In The US And...
US-based bomb-shelter manufacturers should maybe think about buying Kim Jong Un a fruit basket.According to McClatchy, sales have in both the US and Japan have risen dramatically this year as President...
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"Oil Markets Roiled": Goldman Calculates The Impact From Harvey's "Devastation"
Oil markets were roiled, sending gasoline prices surging on Monday after Tropical Storm Harvey wreaked havoc along the Gulf Coast over the weekend, crippling Houston and its port, and knocking out...
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Oil Tumbles Amid Speculation Up To 30% Of US Refining Capacity Could Be Shut
WTI tumbles below $47 as negative sentiment about excess crude supply in light of extended refiners shutdowns grows, and Wall Street piles on with more detailed estimates about Harvey's impact on US...
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Capitalism - A New Idea
Authored by Jeff Thomas via InternationalMan.com,Capitalism, whether praised or derided, is an economic system and ideology based on private ownership of the means of production and operation for...
View ArticleFrontrunning: August 30
Harvey Forces Thousands to Seek Shelter (WSJ)Damage From Harvey Rising by the Hour Amid ‘Apocalyptic’ Flooding (BBG)Houston’s Economic Heft Gives City Means to Recover From Harvey (WSJ)Why Trump Didn’t...
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Visualizing 5,000 Years Of Consumer Credit Growth
Consumer credit may seem like a fairly new invention – but, as Visual Capitalist's Jeff Desjardins details below, it’s actually been around for more than 5,000 years!In fact, many millennia before the...
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As Babies are Prescribed Pharmaceuticals, Have We Reached Dystopia?
Via The Daily BellWould you let a five-year-old smoke a joint? I certainly hope not. Yet that would probably be less harmful than loading kids up on pharmaceuticals.Currently, over a million American...
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Harvey's Destruction "May Have Solved The Auto Industry's Inventory Problem"
On Tuesday, during the peak of the Harvey-related flooding, we reported that the hurricane may leave a greater trail of automobile destruction than even Katrina, the most expensive natural disaster in...
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Ford Touts 'Positive' Impacts Of Hurricane Harvey As August Auto Sales Slump
Earlier this week when we noted that Hurricane Harvey was likely to have destroyed more cars than Katrina (see post here), we concluded by predicting that auto OEMs would spin the utter devastation in...
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Palladium Suddenly Spikes To 16-Year Highs
Amid hope for reinvigorated auto production (after Hurricane Harvey's destruction) and yesterday's escalation in US-Russia tensions (Russia being the world's largest producer), spot Palladium is...
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