This past Saturday, a Toyota car won a NASCAR race for the first time.
From today's NYT: "Detroit is outsold by imports in U.S."
Detroit lost its leadership of the American automobile market for the first time ever in July, when import nameplates outsold the three American companies in a dismal month for auto sales.Uh-oh. Well, my father once gave me this advice: "never buy an American car." Also, sometime this month my Subaru will pass 200K miles.
The traditional American brands owned by General Motors, the Ford Motor Company and the Chrysler Group held 48.1 percent of the market in July, according to a preliminary estimate by Autodata Inc., an industry statistics firm in Woodcliff Lake, N.J.
That meant foreign auto companies held 51.9 percent of the market. The most they had previously held was 49.8 percent of the market earlier this year.
16 comments:
I used to buy American only. That was until my Pontiac lasted a grand total of 70,000 miles before conking out five years ago. Have had a Toyota since and probably will never go back....
American car market contracting... another new all-time high in oil prices... huge drops on Wall Street... housing sales/construction in the dumper... consumer spending down...
Isn't it about time to isolate one positive statistic like unemployment going down 0.1%, or Hot Pockets sales increasing in Wyoming, and use it to declare that the entire Bush economy is zooming like an unstoppable rocket?
Huge drop on Wall Street? The DJ average is up over 100 points ytd and rising. What the Hell are you talking about?
I don't buy American cars because I worked in a GM factory for 3 summers in the 80's and witnessed how bad it was.
I need a 3rd car big enough for whole family now - I might actually consider a Suburban (unless the new Sequioa is resonable).
Huge drop on Wall Street? The DJ average is up over 100 points ytd and rising. What the Hell are you talking about?
This must be like those laws "nobody has explained to you" that the administration "may have violated."
The Dow Jones just had its worst week in five years. In other words, a "huge drop." And unlike some previous bouncebacks, one big decline followed a bigger decline. I'm no economic theorist, but I believe financial experts call such a thing "bad."
Not that the Nasdaq is the end-all and be-all of the entire economy, but that's "what the Hell I'm talking about." It was in the newspapers and everything. Reading can open up a magical world of wonder.
You must be joking.
Yes the Dow dropped a couple hundred points this week (but up +100 today). But a year ago it was at 11K and now stands at 13.5K, a remarkable 23% return on investment.
But it's down, down, DOWN this very week. Sell!
It's not that the Dow doesn't go up or down, or that it hasn't always been volatile to differing degrees.
It's that the Bush Devotion Syndrome people eagerly seize upon each isolated example of good economic news as a sweeping proof that everything they support has been proven true by events. But all negative examples are wished away into the cornfield.
Your house is worth more than you paid for it in 1980 or 1990, too. That doesn't make today's housing market strong and vibrant.
"I'm no economic theorist,"
Obviously not. And your comparison between 17 to 27 year gains in the housing market, compared to a 23% gain in the Dow IN JUST ONE YEAR is the same type of math that gives us "Globalistical Warmeneing"
Instead of trolling so ham-handedly here, why don't you spend a moment or two asking yourself why you are so interested in making sure this country fails.
The economy is strong, and growing. Sorry if that makes you stamp you're little feet. By all accounts, the Surge is working as well. I'm sure the very idea of American soldiers emerging victorious makes you want to hold your breath.
Go away little troll. Go away and stamp your feet and hold your breath, Adults are busy here.
"I'm no economic theorist,"
Obviously not. And your comparison between 17 to 27 year gains in the housing market, compared to a 23% gain in the Dow IN JUST ONE YEAR is the same type of math that gives us "Globalistical Warmeneing"
Instead of trolling so ham-handedly here, why don't you spend a moment or two asking yourself why you are so interested in making sure this country fails.
The economy is strong, and growing. Sorry if that makes you stamp you're little feet. By all accounts, the Surge is working as well. I'm sure the very idea of American soldiers emerging victorious makes you want to hold your breath.
Go away little troll. Go away and stamp your feet and hold your breath, Adults are busy here.
It's not called 'bad' it's called a correction. Until and unless the Dow goes down 15% (to around 12,000) it isn't even much of a correction. To date, no 10-year period in history has shown the Dow to have lost. In other words, invest broadly, hold on for at least 10 years, make money.
If you don't like our markets, try someplace without them. Currently, I'm suggesting that you relocate to Zimbabwe, Cuba, Burma, or North Korea.
Nice timing, Greenspan.
NEW YORK - Wall Street plunged anew Friday, hurtling the Dow Jones industrial average down more than 280 points after comments from a major investment bank exacerbated the market's fears of a widening credit crunch.
Translation:
The surge is working! The economy is thriving! You hate America! Go move to North Korea! SHUT UP SHUT UP SHUT UP SHUT UP I'M NOT LISTENING I'M NOT LISTENING I'M A GROWNUP LA LA LA LA LA LA
On the other hand, I'm having a VERY enjoyable 2006-2007. And 2008, 2009... Ta!
You forgot the rest of the story troll
"The Dow Jones industrial average (down 281.42 to 13,181.91, Charts) fell 281 points, or 2.1 percent, marking the third-biggest point drop for the 30-stock index this year.
Friday's session stands in stark contrast to the past two sessions, when the blue chip barometer finished over 100 points higher.
So far this year, the Dow is up 5.8 percent."
So it would seem that the Dow at least is not nearly as sick as you wish it was.
Once again, think about why it is important to you that people be hurt (that is what happens when the economy falters, people lose jobs, cars homes etc.) Or that more people are killed (that is what will happen should the surge fail). Why is it that other peoples misery is what you hope for, and gleefully look forward to
And that wonderful '07 you've been having..?
"Democrats Lose Their Edge
Poll Shows Congressional Approval Ratings Have Returned to Pre-Election Levels"
From ABC no less..so you know they are painting as pretty a picture as they can.
It was the Brookings Institute that had the positive words to say regards the Surge, and they lean about as far left as you can get.
And all those Dem speakers canceling on Kos at the last minute? such a shame! But they HAD to stay and vote because, and of course the votes on the Hill are set by...um ...the majority party. Oh. So as the majority the could easily have voted to reschedule and made the conference, then ...... OK then it was some kind of bushitler trick or...
It would seem that we ARE listening, it's just that your talking points seem to be full of....holes.
I notice also that I have given you a name, please take it with my compliments, it suits you, and I am very used to providing for people such as yourself. People like me are the reason people like you have a job...WE CREATE THEM! You simply fill them.
And "Ta!" Please!
Once again little troll, do please stop stamping your feet and behaving like a child; all capitals and nonsense words.
Please return to DU/Kos, etc. and your delivery job at Papa John's.
Which was the most mature, non-trolling part here, sir... "you want the troops to die," "you are what I say you are," "I'm your boss" or "you deliver pizzas"?
Daily Kos... Bushitler... troll... feet stamping... What would people like you do in these dark days, without your phantom cartoon opponents to keep you warm?
In case you haven't heard, your hero "doesn't read polls." But a horrible, blood-chilling poll that says Congress is "back to pre-election levels"? You mean the pre-election where the Dems didn't lose a single Congressional seat? For the first time in the history of U.S. politics? You mean we're reduced to that? Ouch, ow, stop it, your poll is killing us! You mean we might not get the 60-40 Senate majority in one fell swoop next November? The war didn't stop the minute Nancy banged her gavel? God, no! I just don't know if life is worth living!
I'm laughing and you're bitter. What does this tell you?
Anonymous wrote:
You forgot the rest of the story troll
"The Dow Jones industrial average (down 281.42 to 13,181.91, Charts) fell 281 points, or 2.1 percent, marking the third-biggest point drop for the 30-stock index this year.
Friday's session stands in stark contrast to the past two sessions, when the blue chip barometer finished over 100 points higher.
So far this year, the Dow is up 5.8 percent."
WHO forgot WHAT, now? What a joke! Continuing from the EXACT SAME STORY...
"There's nothing reassuring the market about subprime and that continues to underline the tone in the market - any whisper or negative news and we get a selloff."
In a conference call with Wall Street analysts, the [Bear Stearns] company's chief financial officer warned that the recent turmoil in the bond market is as bad as it has been in 22 years.
Among individual issues, all 30 Dow components finished the session lower.
Investors around the world have been rattled by signs of tougher conditions in credit markets, since tighter credit could raise the cost of borrowing for companies, hurting corporate earnings. This is likely to slow the buyout boom, which has helped prop up stock prices.
Credit market fears helped send global stock markets tumbling last week, with the 30-stock Dow industrials falling 585 points, posting its biggest percentage drop since March 2003.
Wall Street found little solace in Friday's monthly employment report, which revealed that U.S. employers added fewer jobs than anticipated in July. The Institute for Supply Management's service sector reading for the month also came in weaker-than-expected.
Market breadth was negative. Decliners topped advancers by more than 5 to 1 on the New York Stock Exchange on volume of 2.05 billion shares. Losers beat winners on the Nasdaq by nearly the same ratio on volume of 2.53 billion shares.
Oil prices retreated as the price of U.S. light crude lost $1.75 to $75.11 a barrel on the New York Mercantile Exchange.
The dollar fell against the euro and the yen.
But you cling tight to that one positive statistic, Anonymous. The others don't matter! Wooooo!!! 5.8%!!!! Woooo!!! Your economic acumen is amazing.
Then, you can tell us how the Minneapolis bridge collapse is a success, because the body count is lower than originally estimated.
And the Dow bounced back up. Presumably this up-down-up-down motion (five times in two weeks) is the telltale sign of a stable economy.
At least to those who love America, the completely successful surge, and anyone who no-shows Kos. Not that they're biased or anything.
Greenspan?
You really are an expert, Troll. Maybe it's Ronald Reagan's fault.
Hey, parrots. No matter how many times you say "troll," nobody's gonna give you a cracker.
And no matter how hard you clap, your Tinkerbell is dead.
Love the non sequiturs, though. I don't speak "bitter" myself, but I'll take your word that they're hilarious.
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