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August 20, 2011 at 1:58 PM in reply to: Are you listening California….Idaho running surplus for second straight year! #723028February 15, 2011 at 4:35 PM in reply to: The Pigs are Famous… OK act cool everybody, there a flood of new members on the horizon? #666451
justme
ParticipantThat’s exactly it. Mish has degenerated into thinking that the public worker unions are the root of all evil.
In reality, the bankers AND the real estate agents are the root of all evil.
Apart from that, he has or used to have useful data and analysis, but Calculated Risk is much better and has none of the anti-union nonsense.
February 15, 2011 at 4:35 PM in reply to: The Pigs are Famous… OK act cool everybody, there a flood of new members on the horizon? #666512ParticipantThat’s exactly it. Mish has degenerated into thinking that the public worker unions are the root of all evil.
In reality, the bankers AND the real estate agents are the root of all evil.
Apart from that, he has or used to have useful data and analysis, but Calculated Risk is much better and has none of the anti-union nonsense.
February 15, 2011 at 4:35 PM in reply to: The Pigs are Famous… OK act cool everybody, there a flood of new members on the horizon? #667117ParticipantThat’s exactly it. Mish has degenerated into thinking that the public worker unions are the root of all evil.
In reality, the bankers AND the real estate agents are the root of all evil.
Apart from that, he has or used to have useful data and analysis, but Calculated Risk is much better and has none of the anti-union nonsense.
February 15, 2011 at 4:35 PM in reply to: The Pigs are Famous… OK act cool everybody, there a flood of new members on the horizon? #667255ParticipantThat’s exactly it. Mish has degenerated into thinking that the public worker unions are the root of all evil.
In reality, the bankers AND the real estate agents are the root of all evil.
Apart from that, he has or used to have useful data and analysis, but Calculated Risk is much better and has none of the anti-union nonsense.
February 15, 2011 at 4:35 PM in reply to: The Pigs are Famous… OK act cool everybody, there a flood of new members on the horizon? #667594ParticipantThat’s exactly it. Mish has degenerated into thinking that the public worker unions are the root of all evil.
In reality, the bankers AND the real estate agents are the root of all evil.
Apart from that, he has or used to have useful data and analysis, but Calculated Risk is much better and has none of the anti-union nonsense.
February 9, 2011 at 11:55 AM in reply to: OT: Paging Raybarnes or others in the know… Question about holdback allowance. #664009ParticipantWhy does anyone believe in “invoice prices” in the first place?
Or believe that invoice == real cost?If you look at a big publicly traded traded auto dealership conglomerate, AutoNation (symbol AN), and look up their financials, you will see that for the last listed quarter their Gross margin was
% 425/3127
0.135913015669971or 13.6%. Does it seem reasonable that car dealers have 13.6% gross profit at the same time as they are selling cars for little more than “invoice” in many cases?
An invoice may very well be an “invoice” of sorts, but I seriously doubt that it represents what the dealer really pays for the car.
February 9, 2011 at 11:55 AM in reply to: OT: Paging Raybarnes or others in the know… Question about holdback allowance. #664071ParticipantWhy does anyone believe in “invoice prices” in the first place?
Or believe that invoice == real cost?If you look at a big publicly traded traded auto dealership conglomerate, AutoNation (symbol AN), and look up their financials, you will see that for the last listed quarter their Gross margin was
% 425/3127
0.135913015669971or 13.6%. Does it seem reasonable that car dealers have 13.6% gross profit at the same time as they are selling cars for little more than “invoice” in many cases?
An invoice may very well be an “invoice” of sorts, but I seriously doubt that it represents what the dealer really pays for the car.
February 9, 2011 at 11:55 AM in reply to: OT: Paging Raybarnes or others in the know… Question about holdback allowance. #664678ParticipantWhy does anyone believe in “invoice prices” in the first place?
Or believe that invoice == real cost?If you look at a big publicly traded traded auto dealership conglomerate, AutoNation (symbol AN), and look up their financials, you will see that for the last listed quarter their Gross margin was
% 425/3127
0.135913015669971or 13.6%. Does it seem reasonable that car dealers have 13.6% gross profit at the same time as they are selling cars for little more than “invoice” in many cases?
An invoice may very well be an “invoice” of sorts, but I seriously doubt that it represents what the dealer really pays for the car.
February 9, 2011 at 11:55 AM in reply to: OT: Paging Raybarnes or others in the know… Question about holdback allowance. #664816ParticipantWhy does anyone believe in “invoice prices” in the first place?
Or believe that invoice == real cost?If you look at a big publicly traded traded auto dealership conglomerate, AutoNation (symbol AN), and look up their financials, you will see that for the last listed quarter their Gross margin was
% 425/3127
0.135913015669971or 13.6%. Does it seem reasonable that car dealers have 13.6% gross profit at the same time as they are selling cars for little more than “invoice” in many cases?
An invoice may very well be an “invoice” of sorts, but I seriously doubt that it represents what the dealer really pays for the car.
February 9, 2011 at 11:55 AM in reply to: OT: Paging Raybarnes or others in the know… Question about holdback allowance. #665151ParticipantWhy does anyone believe in “invoice prices” in the first place?
Or believe that invoice == real cost?If you look at a big publicly traded traded auto dealership conglomerate, AutoNation (symbol AN), and look up their financials, you will see that for the last listed quarter their Gross margin was
% 425/3127
0.135913015669971or 13.6%. Does it seem reasonable that car dealers have 13.6% gross profit at the same time as they are selling cars for little more than “invoice” in many cases?
An invoice may very well be an “invoice” of sorts, but I seriously doubt that it represents what the dealer really pays for the car.
Participant[quote=Arraya][quote=justme][quote=walterwhite]I thought the banks were already nationalized. What’s the difference?[/quote]
It’s the other way around. The banks nationalized the US people.[/quote]
No, I think you mean the American people were “privatized”[/quote]
Good one!
Participant[quote=Arraya][quote=justme][quote=walterwhite]I thought the banks were already nationalized. What’s the difference?[/quote]
It’s the other way around. The banks nationalized the US people.[/quote]
No, I think you mean the American people were “privatized”[/quote]
Good one!
Participant[quote=Arraya][quote=justme][quote=walterwhite]I thought the banks were already nationalized. What’s the difference?[/quote]
It’s the other way around. The banks nationalized the US people.[/quote]
No, I think you mean the American people were “privatized”[/quote]
Good one!
Participant[quote=Arraya][quote=justme][quote=walterwhite]I thought the banks were already nationalized. What’s the difference?[/quote]
It’s the other way around. The banks nationalized the US people.[/quote]
No, I think you mean the American people were “privatized”[/quote]
Good one!
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