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The great debt crash

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    #46
    Used vehicle prices starting to come back-to-earth.

    Down 4 months in-a-row or nearly 20 percent off from early 2022 highs. Repossessions picking up as interest rates climb. A lot more downside appears possible as credit issues swell.

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      #47
      Bank of America reporting a race-of-investors now converting investments to cash.

      Where will markets be by Xmas?

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        #48
        Originally posted by errolanderson View Post
        Bank of America reporting a race-of-investors now converting investments to cash.

        Where will markets be by Xmas?
        Higher, the majority is always wrong. It's a bond market collapse, like the title of thread, NA equities are just fine, there's capital flowing into North America from Europe and Japan, the currency effect is dominant.
        Last edited by macdon02; Nov 4, 2022, 22:35.

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          #49
          Used car market appears to be in early stages of some form of collapse. Repos apparently pouring in. This is getting nasty, but for those in the market looking for a vehicle, time is on your side . . . .

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            #50
            Originally posted by errolanderson View Post
            Used car market appears to be in early stages of some form of collapse. Repos apparently pouring in. This is getting nasty, but for those in the market looking for a vehicle, time is on your side . . . .
            Used car market needs to come down. I bought a new vehicle Friday for less than what 1-2yr old (25-50000km) are advertised for. Same make/model/options. Don't make sense.

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              #51
              seeing same shit with polaris side by side
              new same as 5 year old stuff on kijji
              surely to christ people aren't paying those stupid prices?????

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                #52
                This is how things were not so long ago in 2012. Could buy new for the same or just a hair more than the used market. Can't do that with farm equipment just yet, but it will come.

                Being told there is a luxury tax being implemented on new vehicles over $100,000. Is that the Governments attempt to cap the market?
                Last edited by flea beetle; Nov 5, 2022, 19:10.

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                  #53
                  $20k for a snowmobile, $30k for a sxs, how can that be sustainable.

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                    #54
                    Originally posted by Taiga View Post
                    $20k for a snowmobile, $30k for a sxs, how can that be sustainable.
                    30k is exactly the most I paid for a vehicle, six months old mind you

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                      #55
                      Originally posted by flea beetle View Post
                      This is how things were not so long ago in 2012. Could buy new for the same or just a hair more than the used market. Can't do that with farm equipment just yet, but it will come.

                      Being told there is a luxury tax being implemented on new vehicles over $100,000. Is that the Governments attempt to cap the market?
                      Salesman told me a customer walked away from an Escalade when he found out the luxury tax is 20% on anything over $100000. I guess it's working?
                      Getting tough to find a diesel 1 ton under $100000.

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                        #56
                        I think one tons exempt
                        3/4 tons not
                        That’s why there is so many one tons

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                          #57
                          Me thinks a lot of those overpriced SUV and trucks will get capped at $99000 and the dealerships will still make buckets of money.

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                            #58
                            Half of the EV offerings are over $100k now.

                            Did they get an exemption.

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                              #59
                              Originally posted by macdon02 View Post
                              Higher, the majority is always wrong. It's a bond market collapse, like the title of thread, NA equities are just fine, there's capital flowing into North America from Europe and Japan, the currency effect is dominant.
                              This probably correct, but not yet. S&P has another 20% to fall. Many companies are down 70%.

                              But yes, the US is attempting to replace QE with sucking in the industrial base of the EU and Japan to fight China. Its the first attempt at repatriating the supply chains and propping the industrial base. Why start from scratch when you can just lure it here.

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                                #60
                                Originally posted by Old Cowzilla View Post
                                Me thinks a lot of those overpriced SUV and trucks will get capped at $99000 and the dealerships will still make buckets of money.
                                Used vehicle prices tumbling, it just a matter of time for new prices to get choked as well. Credit card debit a record high and average consumer savings reported down 70 percent in 2022.

                                Oh, but this is not a recession and there is no deflation according to mainstream press.

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