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Guys, just wait and be patient if you want a new car, house or boat. Trust me; these things will only get cheaper. Much cheaper. We are all living in a period of time that will be studied in economic textbooks at the graduate school level for generations to come.

Hey fucktards, how do you feel now about this frivolous lawsuit, and your predictions that the SCOTUS would actually hear this ridiculous case? Speak into the mic.

I may pick up a new Prius, with the 10 year battery warranty, for around 15k, when the price gets there, which it will.

http://www.thetruthaboutcars.com/new-cars-going-nowhere-fast-inventories-swell-to-bursting/ New Cars Going Nowhere Fast; Inventories Swell to Bursting By Robert Farago December 7, 2008 - If you think it’s a buyer’s market for new cars, oh man are you right. But you ain’t seen...

I didn't say I thought that the economy will fare worse than at any time since the Great Depression; I said that I thought the economy would fare worse than at any time since WWII. There is a big difference. And on the relative scale of pain, or misery index, most Americans are going to...

I honestly believe we are about to experience the worst economic conditions in the U.S. since WWII. It is going to get absolutely brutal, and Americans are going to see and experience things over the next several years they never thought possible during the milk & honey days of just a few...

I honestly believe we are about to experience the worst economic conditions in the U.S. since WWII. It is going to get absolutely brutal, and Americans are going to see and experience things over the next several years they never thought possible during the milk & honey days of just a few...

http://www.nytimes.com/2008/12/08/business/economy/08econ.html?_r=1 In String of Bad News, Omens of a Long Recession By MICHAEL M. GRYNBAUM Published: December 7, 2008 Despite months of rescue efforts, hundreds of billions of dollars in government spending and an avant-garde apparatus...

Serious question: What's the trade? No asset class will be spared; not oil, no metals (maybe gold?).

Mortgage Delinquencies, Foreclosures Rise to Record (Update3) By Kathleen M. Howley http://www.bloomberg.com/apps/news?pid=20601213&sid=a37uyBrX6dvY&refer=home Dec. 5 (Bloomberg) -- One in 10 American homeowners fell behind on mortgage payments or were in foreclosure during the third...

Teenagers played the video game Rock Band 2 at the Best Buy store at 62nd Street and Broadway. Best Buy has been cutting inventory levels to avoid a post-holiday glut of merchandise. Samsung employees played trivia contests with shoppers, doling out T-shirts, tote bags and other prizes. Ms...

In Hard Times, Is Best Buy’s Best Good Enough? http://www.nytimes.com/2008/12/07/business/07best.html Damon Winter/The New York Times Best Buy is emptying its bag of tricks to attract customers for the holiday shopping season. By LAURA ZINN FROMM Published: December 6, 2008...

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http://www.nytimes.com/2008/12/06/business/economy/06idle.html?_r=1 Dismal Jobs Report Is Only Part of the Story By DAVID LEONHARDT and CATHERINE RAMPELL Published: December 5, 2008 As bad as the headline numbers in Friday’s employment report were, they still made the job market...

RIMM has gotten destroyed and will head lower, too, IMO, and it is a great company and former high flyer. It's not Apple specific; my point is that Apple is no longer immune. There's too much capacity, the economy if fundamentally terrible, and Apple's 'space' really has gotten much more...

Yeah, you're right. If people can't afford to buy Apple products at the torrent pace of a year ago, Apple will either lower the price or give away free product. Nordstrom's, Sotheby's, Tiffany and Apple are immune. So is Apple. 'Cause it's so cool... And it's already fallen so much, it...

I'm genuinely wondering whether you feel the vicious and ongoing downward spiral in oil prices, oil demand, and upward massive build in crude oil inventories casts any doubt on your views.

Tomorrow is different. If the job data is very bad, we will see a very bad day, as it will serve as incontrovertible proof that the economy is weakening at an accelerating clip, and defy those still daring to construct a 'short & shallow' recession scenario (which would allow for allocation...

That's actually an excellent, excellent point, and makes absolute sense.

With a global deleveraging happening, on a massive scale, with fiat currency being pumped into banks by government central banks (with those banks mainly hoarding said cash, or using it to cleanse toxic assets, and not loaning or recirculating it), with business and consumer credit lines being...