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200 comments on DrumBeat: January 3, 2009

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davebygolly on January 3, 2009 - 1:32pm Permalink | Subthread | Parent | Comments top

And yet, today's NYT Business Section lead article is "Desperate Retailers Try Frantic Discounts and Giveaways". Buy one a 2008 Ram and get another car free. Plus all kinds of other amazing stuff.

Also big articles in NYT, WSJ, and FT about manufacturing around the world dropping off a cliff.

And there's an article in the NYT about creditors actually easing up on delinquent accounts -- better a partial payback than none.

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westexas on January 3, 2009 - 2:01pm Permalink | Subthread | Parent | Comments top

The new trucks and SUV's were marked down to sell in the DFW area in December, but they did sell. Dealers were determined to reduce their inventory. Probably a lot of regional differences. The prices of used trucks and SUV's have increased because there was virtually no market for them this past summer.

The dealers also talked about an increased gas tax. One dealer said that there was no alternative to large vehicles and cheap gas for most Americans. He said that we might ultimately transition to more walkable communities, with mass transit and small European style cars, but he basically said that for now, the American Suburban Way of Life is non-negotiable.

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DIYer on January 3, 2009 - 4:28pm Permalink | Subthread | Parent | Comments top

Aren't there occasions when not to negotiate, is to negotiate poorly?

Not that we could convince the rank-and-file Bubbas to take another course... Texas would probably secede first ;-)

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200 comments on DrumBeat: January 3, 2009

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