Home › Forums › Housing › “The Worst Is Yet to Come”: If You’re Not Petrified, You’re Not Paying Attention”
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paramount.
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May 17, 2009 at 4:45 PM #401430May 17, 2009 at 4:47 PM #400743
Allan from Fallbrook
Participant[quote=SD Realtor]”Those Japanese vehicles that are produced in the US enjoy certain tax, trade and manufacturing advantages that their US counterparts don’t. Combined with the legacy costs of US auto manufacturing, it becomes prohibitively expensive to compete, especially in an industry that is as cutthroat as the auto industry.”
Yeah this statement is something I do not agree with at all. It is quite obvious why there is such a failure for US automakers to compete domestically.
It is a simple 3 letter word.
[/quote]Pie?
May 17, 2009 at 4:47 PM #400996Participant[quote=SD Realtor]”Those Japanese vehicles that are produced in the US enjoy certain tax, trade and manufacturing advantages that their US counterparts don’t. Combined with the legacy costs of US auto manufacturing, it becomes prohibitively expensive to compete, especially in an industry that is as cutthroat as the auto industry.”
Yeah this statement is something I do not agree with at all. It is quite obvious why there is such a failure for US automakers to compete domestically.
It is a simple 3 letter word.
[/quote]Pie?
May 17, 2009 at 4:47 PM #401231Participant[quote=SD Realtor]”Those Japanese vehicles that are produced in the US enjoy certain tax, trade and manufacturing advantages that their US counterparts don’t. Combined with the legacy costs of US auto manufacturing, it becomes prohibitively expensive to compete, especially in an industry that is as cutthroat as the auto industry.”
Yeah this statement is something I do not agree with at all. It is quite obvious why there is such a failure for US automakers to compete domestically.
It is a simple 3 letter word.
[/quote]Pie?
May 17, 2009 at 4:47 PM #401287Participant[quote=SD Realtor]”Those Japanese vehicles that are produced in the US enjoy certain tax, trade and manufacturing advantages that their US counterparts don’t. Combined with the legacy costs of US auto manufacturing, it becomes prohibitively expensive to compete, especially in an industry that is as cutthroat as the auto industry.”
Yeah this statement is something I do not agree with at all. It is quite obvious why there is such a failure for US automakers to compete domestically.
It is a simple 3 letter word.
[/quote]Pie?
May 17, 2009 at 4:47 PM #401435Participant[quote=SD Realtor]”Those Japanese vehicles that are produced in the US enjoy certain tax, trade and manufacturing advantages that their US counterparts don’t. Combined with the legacy costs of US auto manufacturing, it becomes prohibitively expensive to compete, especially in an industry that is as cutthroat as the auto industry.”
Yeah this statement is something I do not agree with at all. It is quite obvious why there is such a failure for US automakers to compete domestically.
It is a simple 3 letter word.
[/quote]Pie?
May 17, 2009 at 4:52 PM #400748NotCranky
ParticipantTax?
May 17, 2009 at 4:52 PM #401001ParticipantTax?
May 17, 2009 at 4:52 PM #401236ParticipantTax?
May 17, 2009 at 4:52 PM #401292ParticipantTax?
May 17, 2009 at 4:52 PM #401440ParticipantTax?
May 17, 2009 at 5:18 PM #400768davelj
Participant[quote=Rt.66]davelj
It’s not my statement but hows a bout we change it to:In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?
Happy?
[/quote]
If you eliminate the first seven words of your statement (“In many/most cases, either way unprecedented”) and just start with “many,” then I would agree with your statement. But that’s a WHOLLY different statement than saying, “Debt can no longer be sold as an asset.” When the equity markets (junior to debt) are at zero, and the Lehman Brothers Bond Indexes are at zero, then debt will truly no longer be anyone’s asset – it’ll be worthless. But so long as equities trade – and they’re trading like mad right now – then clearly folks still believe in debt in the aggregate (for now)… although certainly not to the degree that they did a few years back. A relevant point can be made without resorting to overstating one’s case to an absurd extent.
May 17, 2009 at 5:18 PM #401021Participant[quote=Rt.66]davelj
It’s not my statement but hows a bout we change it to:In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?
Happy?
[/quote]
If you eliminate the first seven words of your statement (“In many/most cases, either way unprecedented”) and just start with “many,” then I would agree with your statement. But that’s a WHOLLY different statement than saying, “Debt can no longer be sold as an asset.” When the equity markets (junior to debt) are at zero, and the Lehman Brothers Bond Indexes are at zero, then debt will truly no longer be anyone’s asset – it’ll be worthless. But so long as equities trade – and they’re trading like mad right now – then clearly folks still believe in debt in the aggregate (for now)… although certainly not to the degree that they did a few years back. A relevant point can be made without resorting to overstating one’s case to an absurd extent.
May 17, 2009 at 5:18 PM #401256Participant[quote=Rt.66]davelj
It’s not my statement but hows a bout we change it to:In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?
Happy?
[/quote]
If you eliminate the first seven words of your statement (“In many/most cases, either way unprecedented”) and just start with “many,” then I would agree with your statement. But that’s a WHOLLY different statement than saying, “Debt can no longer be sold as an asset.” When the equity markets (junior to debt) are at zero, and the Lehman Brothers Bond Indexes are at zero, then debt will truly no longer be anyone’s asset – it’ll be worthless. But so long as equities trade – and they’re trading like mad right now – then clearly folks still believe in debt in the aggregate (for now)… although certainly not to the degree that they did a few years back. A relevant point can be made without resorting to overstating one’s case to an absurd extent.
May 17, 2009 at 5:18 PM #401312Participant[quote=Rt.66]davelj
It’s not my statement but hows a bout we change it to:In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?
Happy?
[/quote]
If you eliminate the first seven words of your statement (“In many/most cases, either way unprecedented”) and just start with “many,” then I would agree with your statement. But that’s a WHOLLY different statement than saying, “Debt can no longer be sold as an asset.” When the equity markets (junior to debt) are at zero, and the Lehman Brothers Bond Indexes are at zero, then debt will truly no longer be anyone’s asset – it’ll be worthless. But so long as equities trade – and they’re trading like mad right now – then clearly folks still believe in debt in the aggregate (for now)… although certainly not to the degree that they did a few years back. A relevant point can be made without resorting to overstating one’s case to an absurd extent.
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