RE: New Car Sales Down Across Globe
Discussion
bob375 said:
fastgerman.com said:
jezt23 said:
gareth.e said:
fastgerman.com said:
f
king bankers
You realise it's 9/11 that in directly caused this?king bankersThe investors from Sept 11 moved their cash to Dubai as far as I was aware, which seems to be doing just swimmingly. w
ker bankers playing Bond in their casino (which is now tax payers money) went and pissed it up the wall - tremendous...As mentioned above, some good deals to be made if you can afford a new car outright.
Banks have been given a big helping hand by the UK Government to which each tax payer apparently owns £16.5k of shares (which they can't sell). With this money big w
ker bankers are getting their bonuses (funded by the tax payer) instead of paying everyone in the company a reasonable pay off. Was it Lloyds who took their top performing guys and girls to Harrods to go shopping and then 4 x 5* Hotel stays after being bailed out by the Tax Payer? I don't care that they earn alot, I care that they are still acting like asses and spending tax payers bail out on drink and hotels. A programme Manager in Construction earns the same if not more than many bankers but their actions don't balls up the economy.Bankers - go f
k yourselves!Edited by fastgerman.com on Tuesday 4th November 17:35
fastgerman.com said:
bob375 said:
fastgerman.com said:
jezt23 said:
gareth.e said:
fastgerman.com said:
fking bankers
You realise it's 9/11 that in directly caused this?king bankersThe investors from Sept 11 moved their cash to Dubai as far as I was aware, which seems to be doing just swimmingly. w
ker bankers playing Bond in their casino (which is now tax payers money) went and pissed it up the wall - tremendous...As mentioned above, some good deals to be made if you can afford a new car outright.
Banks have been given a big helping hand by the UK Government to which each tax payer apparently owns £16.5k of shares (which they can't sell). With this money big w
ker bankers are getting their bonuses (funded by the tax payer) instead of paying everyone in the company a reasonable pay off. Was it Lloyds who took their top performing guys and girls to Harrods to go shopping and then 4 x 5* Hotel stays after being bailed out by the Tax Payer? I don't care that they earn alot, I care that they are still acting like asses and spending tax payers bail out on drink and hotels. A programme Manager in Construction earns the same if not more than many bankers but their actions don't balls up the economy.Bankers - go f
k yourselves!Edited by fastgerman.com on Tuesday 4th November 17:35
"The Greedy Scum" As you so eloquently put it Are hardly to blame, We all want to make our lives better?? The banks lent money they knew people realy couldnt afford!! Mass TV Advertising and a rain forest worths off advertising used to fall out of every car magazine you bought advertising cheap cash,
Which added to that the banks stuck unreasonable Insurance policys on which were not worth the paper they were written on!!!
People being allowed to buy property as an investment at all levels....
I aint no finance genius, But have been saying for nearly three years that the bubble had to burst??
When the average house pice was over five times the average income!!! Plus all the unsecured debt w have been allowed to get into!!!
The fact that BMW Sells more 3 series than ford sell mondeos!! It was all down to artificial wealth!! Created by the banking industry!!!
Well I dont care if im right or not!! Cuase I think we are all going to have to find a new way of living very soon, There is pontentially much worse to come!!
I hope all of these massive conglomerates fall apart and we can relocalise manufacturing... Creating local jobs.... Creating local wealth!!!
Bring on the birth of copitolism!!! Yes the well engineered mix of comunism and capitolism!!
fastgerman.com said:
jezt23 said:
gareth.e said:
fastgerman.com said:
fking bankers
You realise it's 9/11 that in directly caused this?king bankersThe investors from Sept 11 moved their cash to Dubai as far as I was aware, which seems to be doing just swimmingly. w
ker bankers playing Bond in their casino (which is now tax payers money) went and pissed it up the wall - tremendous...As mentioned above, some good deals to be made if you can afford a new car outright.
Boggy said:
And although I can't believe it's happened again people borrowing more than they can afford.
Here we go again with the government's borrowing money to cover spending,
Wake up!
Boggy
Trouble is they could afford the loans when they took them out, then things went tits up, they lost their jobs and now they can'tHere we go again with the government's borrowing money to cover spending,
Wake up!
Boggy
A slightly different slant
I think that people are missing something here.
OK ... so the general financial mess is having an effect .... but the government can't absolve themselves of at least part of the responsibility.
The very regressive backdating of massive increases in excise duty for many cars has resulted in the value of some vehicles dropping like a proverbial stone. This means that drivers have far less collateral to trade against a new car ... some of which have an even bigger surprise in terms of the new 'up front' additional tax to be paid on some new cars.
Anyone with a five year old car with relatively high C02 for example, will be VERY reluctant to shell out on a similar car ... because they know that they will be paying through the nose for the privilege.
The government's facility for invoking the law of unintended consequences strikes again!
OK ... so the general financial mess is having an effect .... but the government can't absolve themselves of at least part of the responsibility.
The very regressive backdating of massive increases in excise duty for many cars has resulted in the value of some vehicles dropping like a proverbial stone. This means that drivers have far less collateral to trade against a new car ... some of which have an even bigger surprise in terms of the new 'up front' additional tax to be paid on some new cars.
Anyone with a five year old car with relatively high C02 for example, will be VERY reluctant to shell out on a similar car ... because they know that they will be paying through the nose for the privilege.
The government's facility for invoking the law of unintended consequences strikes again!
taldo50 said:
i always reckoned it was the speculators that controlled the economy worldwide, i.e. rich people becoming richer by buying and selling (speculating) on the markets. not really sure how it all works, but some of it seems to make sense to me! they get richer i get poorer.
A short version of what happened, is that banks create approximately 7 quid for every "real pound" that is deposited with them. They then lend and borrow off that imaginary credit. What started the house of cards to fall down, was that they lent loads of money to people who bought worthless land (I think) and then the banks borrowed/created even more credit on the basis of the repayment of their initial loans. When people couldnt pay back the loans/mortgages and had no assets everything started to crumble......
Buying a new car is a bit like buying a new house at the moment; great if you've got plenty of cash and have nothing else to sell before you buy. Unfortunately both are losing money hand over fist
Going back to the CAR THREAD , I am not really surprised by this.
How could Car Dealers moan about people not buying cars when the cars that they sold to us are not even close to being worth what they promissed a year a go .
Thats one point , the other being I cannot belive how many expensive cars have been registered since 2003 , market being saturated anyone ?
How could Car Dealers moan about people not buying cars when the cars that they sold to us are not even close to being worth what they promissed a year a go .
Thats one point , the other being I cannot belive how many expensive cars have been registered since 2003 , market being saturated anyone ?
Government consisting of left wing history students of the 70's ie. do not understand money, Mervyn King admits to knowing very little about banking yet in charge of interest rate decisions (sort of). Bankers otherwise known as salespersons that can add up... insentivised to make as much profit as possible regardless of the consequences. Government deregulates the markets. Market reacts accordingly, everything goes tits up!
Government bails out the banks (because it has too) British government bail out is 12% interest versus rest of the world at 5%... British financial institutions no longer competitive.
Gordon has turned this into a huge tax raising opportunity. Having spent everything during the good years, no has no room to manouvre but will change the rules and spend, spend, spend. Give it three years and we will have huge inflation again,,, government would love this to re-price their borrowing.
Watch this space... IMO of course.
G
Government bails out the banks (because it has too) British government bail out is 12% interest versus rest of the world at 5%... British financial institutions no longer competitive.
Gordon has turned this into a huge tax raising opportunity. Having spent everything during the good years, no has no room to manouvre but will change the rules and spend, spend, spend. Give it three years and we will have huge inflation again,,, government would love this to re-price their borrowing.
Watch this space... IMO of course.
G
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