Market on the way down?...new report.
Discussion
http://www.bloomberg.com/news/articles/2016-09-22/...
Looks like we are now over the peak in the US at least.
Looks like we are now over the peak in the US at least.
For the US buyer they will be following the interest rate rhetoric. Once rates start rising then demand for non yielding assets will be on the wane. When rates reach a certain point then supply of those assets will rise as demand falls further.
Then people will start employing lawyers to discuss the fakes they knew they were buying, the media will pump out thousands of articles about how people borrowed money they never had to have a punt on cars that are now worth less than the debt on them. And an unregulated market with no centralised support mechanism will rebase.
With the US talking about another rate rise ahead of Christmas then you'd expect assets like classic cars to lose a bit of demand. Whether it goes beyond that is the big question.
Then people will start employing lawyers to discuss the fakes they knew they were buying, the media will pump out thousands of articles about how people borrowed money they never had to have a punt on cars that are now worth less than the debt on them. And an unregulated market with no centralised support mechanism will rebase.
With the US talking about another rate rise ahead of Christmas then you'd expect assets like classic cars to lose a bit of demand. Whether it goes beyond that is the big question.
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