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AutoNation Sees Recession Without Rate Cut
http://www.cnbc.com/id/20480000 ^
| 8-28-07
Posted on 08/28/2007 12:22:40 PM PDT by Hydroshock
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Another CEO urges a rate cut.
To: Hydroshock
Nevermind the fed rates...The banks need to cut theirs first.
2
posted on
08/28/2007 12:27:21 PM PDT
by
darkwing104
(Let's get dangerous)
To: Hydroshock
Another CEO urges a rate cut. And they are right.
To: All
Get the clever out and...
Cut Rates
Cut Government Spending
Cut Taxes
4
posted on
08/28/2007 12:33:45 PM PDT
by
j_k_l
To: Hydroshock
Not to fear..
5
posted on
08/28/2007 12:38:02 PM PDT
by
vietvet67
To: vietvet67
I pity those poor printing presses. Never a rest.
6
posted on
08/28/2007 12:40:35 PM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: Hydroshock
More words of wisdom coming from a car salesman???
7
posted on
08/28/2007 12:46:04 PM PDT
by
biff
To: Hydroshock
Clemenza to CEO: GO (Expletive) yourself. Keeping the interbank rate flat will prevent moral hazards and keep inflation tame. The only folks who are whining about a rate cut are folks like you who are dependent at financing sales of your junk to folks with middling to poor credit histories, to say nothing of certain fund managers.
8
posted on
08/28/2007 12:46:12 PM PDT
by
Clemenza
(Rudy Giuliani, like Pesto and Seattle, belongs in the scrap heap of '90s Culture)
To: Hydroshock
“They need to begin to cut rates, not just once but several times,” he said of U.S. monetary policy makers. Jackson, who runs the largest publicly traded car dealership group in the United States, said the pressure on the economy is hurting auto sales.
Translation; The Nations biggest used car saleman is telling you something with sincerity.
Buyer beware.
9
posted on
08/28/2007 12:47:45 PM PDT
by
Badeye
(You know its a kook site when they ban the word 'kook')
To: vietvet67
Time to live up to the reputation Uncle Ben.
10
posted on
08/28/2007 12:47:48 PM PDT
by
NeoCaveman
("I mean, he's gone from Jane Fonda to Dr. Strangelove in one week." - Romney on B. Hussein Obama)
To: Hydroshock
“Another CEO urges a rate cut.”
Let’s fix this — “Another CEO, who isn’t an economist, whose business depends on having lots of easy cheap credit, urges a rate cut. His urges us to do this by saying that we’ll have another recession if we don’t cut rates.”
there.
fixed it.
To: TWohlford
Yep, that about covers it.
12
posted on
08/28/2007 12:54:52 PM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: Clemenza
The only folks who are whining about a rate cut are folks like you who are dependent at financing sales of your junk to folks with middling to poor credit histories,...........If the rates are cut, I doubt Mr. Car Dealer will pass the lower rates on to the buying public but will line his pockets with increased profits!
13
posted on
08/28/2007 12:58:17 PM PDT
by
varon
(Allegiance to the constitution, always. Allegiance to a political party, never.)
To: varon
I once tried my hand in sales, I am not a good closer. But I saw many a deal were they padded the interest rate to increase the profits.
14
posted on
08/28/2007 1:00:09 PM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: Hydroshock
No-Brainer, ladies and gentlemen: CUT THOSE RATES 100 BASIS POINTS
YESTERDAY!!!!!! Any hogwash about some mythical inflation in some distant future is just smoke 'n' mirrors to keep Dr. Bernanke's actual employers rolling in tall cotton.
15
posted on
08/28/2007 1:21:52 PM PDT
by
BlabItGrabIt
(Sly, Shy, and Wry)
To: Hydroshock
So, would deep rate cuts by the Feds put the US dollar on life-support?
To: Freedom_Is_Not_Free
By which I meant, send the US dollar into the ICU where a Priest will be waiting to give the dollar last rights.
To: BlabItGrabIt
Won’t count until Mr. “Let the free market decide” Kudlow starts crying his eyes out over the market down 5 or 6%.
To: BlabItGrabIt
Unless you see some huge crash in the markets there will nto be a 100 basis point cut in Sept.
19
posted on
08/28/2007 1:35:39 PM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: Hydroshock
Two years ago I went to buy a new Ford truck. Fairly basic, low 20s. In order to get the good price, I had to finance at a very low rate. I told the salesman, I didn’t need or want to. That I had a check and would write it. He explained that the minute I got my first payment, I could pay off right then with no penalty. I asked what was up and he said Ford made more money on the finance. The the trucks were just a tool to get notes. Further that if the people missed any payment at the low low rates they bumped up fast. Ford was in the sizzle business that just happened to give away vehicles.
20
posted on
08/28/2007 1:40:40 PM PDT
by
Leisler
(Just be glad you're not getting all the Government you pay for.)
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