Will the last entity leaving making cars in the US please turn off the lights?<\/p>\n
Toyota’s U.S. sales are down 39.8% to 109,583 units in February – MarketWatch<\/a>, Ford and GM fell 48.2% and 51.6%<\/a>, and Chrysler fell 44%.<\/p>\n In real estate, pending home sales fell<\/a>, but realtors are hawking “affordability,” because, well, otherwise they would have nothing to hawk at all.<\/p>\n Meanwhile, the Federal Reserve is rolling out its Term Asset-Backed Securities Loan Facility (TALF)<\/a>, a lending facility geared toward business, auto, and consumer loans.<\/p>\n It’s buying more more sh%$pile from desperate people, but they have decided that they will ignore the compensation limits<\/a>, even though some of the money from the $700 billion dollar bailout fund.<\/p>\n Bastards.<\/p>\n We also have some mixed signals with recession indicators<\/a>, with a record number of cargo ships idle, but over the road trucking showing a slight bump.<\/p>\n Oil is above $41\/bbl<\/a>, and the dollar is a bit weaker<\/a>, largely on the fact that Australia has not dropped its rates.<\/p>\n","protected":false},"excerpt":{"rendered":" Will the last entity leaving making cars in the US please turn off the lights? Toyota’s U.S. sales are down 39.8% to 109,583 units in February – MarketWatch, Ford and GM fell 48.2% and 51.6%, and Chrysler fell 44%. In real estate, pending home sales fell, but realtors are hawking “affordability,” because, well, otherwise they …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1108,973,1004,1088,1089,985],"tags":[],"class_list":["post-192703","post","type-post","status-publish","format-standard","hentry","category-auto-industry","category-economy","category-finance","category-real-estate","category-recession","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192703"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192703"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192703\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}