Independent thinking for complex markets and current events
“Here’s what’s going on with the Fed and Wall Street right now and it’s kinda wild when you understand the full picture (save this). The Fed created something called the Standing Repo Facility (SRF) back in 2021 as basically an emergency lending window for banks and dealers. Think of it like this, banks need cash …
The automotive industry is facing unprecedented challenges, highlighting five major trends that strongly indicate a significant price correction is on the horizon. With total auto loan debt reaching an all-time high of $1.7 trillion, vehicle inventories accumulating, and looming tariffs on imported cars threatening to inflate prices further, consumers considering vehicle purchases in the next …
Trump isn’t mincing words—drug dealers destroy lives by the hundreds, and he’s ready to bring the ultimate punishment. 🚨🇺🇸TRUMP: DEATH PENALTY FOR DRUG DEALERS? I AM READY FOR IT “Every country that has a death penalty has no drug problem, they execute drug dealers. When you think about it, it's very humane because every drug …
by confoundedinterest17 Because they’re young. Bonds that is. Longer term bonds and notes are preferred by primary dealers over short-term Treasury bills. The US Treasury yield curve 10Y-2Y is finally positive after years of being negative. And the all important 10-year Treasury yield sits at 4.56%.
A mysterious “cooling EV sentiment” has affected nearly every automaker, and even Ford’s once white-hot electric pickup truck may be starting to feel the burn. As dealers struggle to sell remaining 2024 Ford F-150 Lightning models, Ford is inventing new ways to move metal. One way is by introducing Retail Replenishment Centers (RRCs), locations dedicated …
Chevy, Ford and RAM have been screwing American truck buyers for years, and now their insane price gouging is finally catching up to them. Truck prices are out of control and now dealerships are having to give massive discounts just to sell the trucks they have on the lot. Ford sales are so slow that …
The China Passenger Car Association (CPCA) released a report on July 8 stating that consumers’ willingness to spend is sluggish due to China’s sluggish economic recovery. Although the government introduced financial subsidies in April to encourage the trade-in of passenger cars, the effect has been insignificant in recent months.
SALT LAKE CITY (KTVX/NEXSTAR) — It’s tax season in the U.S., leaving many Americans to try and sort through the mess of W-2s and 1099s. Making sure you report every bit of your income to the IRS can be a daunting task. Thankfully, the IRS has a handy list of income you need to report …
They are in deep need of HELP because their cars and trucks are not selling. Prices are too damn high! No one can afford to buy them. They simply will NOT sell! h/t BLOWED UP REAL GOOD
Credit to @PedramHosseini for doing this! — Car Dealership Guy (@GuyDealership) February 7, 2024
by confoundedinterest17 Al Gore, former Clinton VP and Senator from Tennessee, has made millions of dollars from his hysterical film about global warning called “An Inconvenient Truth.” For that, Gore (undeservedly) won a Nobel Prize. Then again, Obama won a Nobel Prize for Peace then proceeded bombing people. You can’t make this stuff up. Well, …
In a funny twist on artificial intelligence hacking, a GM dealer’s chatbot was recently tricked into agreeing to sell a 2024 Chevy Tahoe for just $1. GM Authority reports that the incident occurred on the Chevrolet of Watsonville website, which featured a custom AI chatbot powered by ChatGPT. The chatbot, designed to assist customers with …
via dailysignal: A coalition of nearly 4,000 auto dealers on Tuesday sent a letter to President Joe Biden explaining why his plans to force Americans into electric vehicles are unworkable. The bottom line: Despite subsidies to car manufacturers to make the EVs, and tax credits for drivers to buy the cars, only 7% of new vehicle sales …
Just in: Average monthly payment for new vehicles financed hit an all-time high of $738 in August. (via Edmunds) — Car Dealership Guy (@GuyDealership) September 11, 2023 This kind of business failure happens when things are collapsing. They may have had bank lines pulled. Who knows but larger businesses like this don’t usually go under …
Automotive Credit Corp, a subprime lender, has begun cutting off select car dealers due to “ongoing concerns regarding adverse market conditions” This is exhausting — Car Dealership Guy (@GuyDealership) July 6, 2023 Serious Auto Loan Delinquency among people under the age of 30 is approaching Global Financial Crisis levels pic.twitter.com/gUIWILJ1sQ — Barchart (@Barchart) May 31, …
