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For those interested in buying a F Type, a great opportunity to do so [at an outstanding price] just might be in the offing. If global markets are sustainably crashing, pretty much all asset classes will follow suit. If not, then this is but a dress rehearsal for the actual correction that has been waiting in the wings for many, many years.
There's a saying on Wall Street that came about in the midst of the '29 crash [attributed to just about everybody] that you buy when there's "blood in the streets" [referencing the brokers who dealt with that crash by leaping off the upper stories of rather high buildings, coming to a perfect understanding of Newtonian physics].
Sports cars are one of those non-essential luxuries that don't do particularly well in times when margin calls create cascading effects.
In any case, good luck to everybody...and look out below!
Last edited by synthesis; Aug 5, 2024 at 11:14 AM.
It’s funny how that old wives tale is still around…I guess too many people get there “news” from Quora and Reddit. As the famous economist John Galbraith noted, there were actually higher suicide rates in the prior summer months than during the October and November months. Good luck selling your car and get a nice shot of it by a high rise for effect.
It’s funny how that old wives tale is still around…I guess too many people get there “news” from Quora and Reddit. As the famous economist John Galbraith noted, there were actually higher suicide rates in the prior summer months than during the October and November months. Good luck selling your car and get a nice shot of it by a high rise for effect.
Regardless of the particulars, a number of people did take the plunge...and thus the saying became urban legend.
In any case, it is the meaning that's important...buy when everybody else is selling.
Pretty much exactly the same thing was said at the beginning of COVID. It was all very dramatic and passionate, like "People need food. People need shelter. People need toilet paper. People will need guns and bullets. But do you know what people wont need? F Types, that's what. So you will be able to buy them for the price of a Big Mac...". Now I'm still waiting for my Big Mac priced F Type as I wouldnt mind a second one, and mine is now worth more than it was in 2019, so the projected crashing in values ended up being disappointingly inaccurate. Not that it was an unreasonable thing to think at the time, but it was kind of funny that it's accuracy has panned out pretty much inversely proportionate to the force of its delivery.
Pretty much exactly the same thing was said at the beginning of COVID. It was all very dramatic and passionate, like "People need food. People need shelter. People need toilet paper. People will need guns and bullets. But do you know what people wont need? F Types, that's what. So you will be able to buy them for the price of a Big Mac...". Now I'm still waiting for my Big Mac priced F Type as I wouldnt mind a second one, and mine is now worth more than it was in 2019, so the projected crashing in values ended up being disappointingly inaccurate. Not that it was an unreasonable thing to think at the time, but it was kind of funny that it's accuracy has panned out pretty much inversely proportionate to the force of its delivery.
If the FED cranks up the printing presses up like they did during COVID, you just might get your F Type and Big Mac singularity.
As the famous economist John Galbraith noted, there were actually higher suicide rates in the prior summer months than during the October and November months.
Being depressed (and who isnt during winter months?) means you don't have the energy to climb to the top of buildings!
What current indicators or trends give any indication that they'd do anything of the sort [print money] in the near future?
Every one. If you take a look at what has happened since the FED began working its magic in 1913, you will easily see that there's no way out of this debt cycle that has gone "hockey stick" BIG TIME. This has happened throughout history when the elite believe they can sustainably create money out of thin air.
I realize that it is human nature to be in denial but I do not believe there is anybody left who cannot see the writing on the wall at this point. It's just a matter of time before this system [like everyone before it] collapses from massive and ubiquitous fraud and corruption. The lying has become so outrageous over the past 10 years or so that you truly have to be completely oblivious [or a beneficiary of it] to continue the charade.
The good news is that this [like everything] will play itself out and better times will return where people can once again regain confidence in individuals and institutions. This is what happens when people lose faith [in just about everything], as nihilism on a social scale is nasty business.
Market is already on way back up. Drop was caused by unwinding of positions in Japan due to higher interest than when positions were created. Our problem may be Fed has waited too long to gradually start lowering interest rates.
Market is already on way back up. Drop was caused by unwinding of positions in Japan due to higher interest than when positions were created. Our problem may be Fed has waited too long to gradually start lowering interest rates.
How about if we have the market determine interest rates with REAL money? Wouldn't that be a knee-slapper!?
The FED is going to keep this party going until the people of this country say, NO MAS! Buying out the entire professional and administrative classes has been a pretty darn effective strategy, so you gotta give'em credit for truly understanding the nature of human greed by obliterating the moral principle of delayed gratification [since the financialization of every damn thing started in the late 70's/early 80's].
Blood On The Streets
