Quote:
Originally Posted by slackcat
As to the spirit of the thread, demand is relative to price(or vise versa) and both are subject to disposable income. To a certain degree.
I need a grant to study how the value of a Model A is a reflection of the overall economy.
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Good thoughts. Today's paper's article by Malcolm Berko the Financial Advisor mirrors what's being said here. He states though, that for every 'Economist' and their predictions there is an 'Anti-Economist' that will argue the opposite. Very true. But he did say again that the U.S. economy is poised for a Recession in the next 12 months, and he explains 'why' very well. But it always bounces back eventually so no need to fret and wring your hands.
He DID state that the REAL number of unemployed folks between the ages of 18-35 are actually 37% not the 5% we are constantly lied to about. That would have an affect on collector car values! It was something like 28% during the Great Depression but today politicians and the press play magician with the truth so that we don't panic. They lie to us (surprise huh
So, I guess the thing to do is bank your cash and wait because if you want to snag a good deal on (fill in the blank what car you like) it's right around the corner! bad for the seller.