How about $20B for car dealerships?

[Daal]

Quote from Landis82:

There are far too many car dealerships around to begin with.

true, this is the kind of example where jim rogers is right. they should let every dealership fail. they should let GM and F fail as well, there is no risk there

 

[CaptainObvious]

Quote from Landis82:

There are far too many car dealerships around to begin with.

Yes there are! There are also too many fast food restaurants, gas stations, banks, grocery stores, hair salons, insurance companies, bars, liquor stores, Home Depots, Walmarts, Shopping Malls in general, etc., etc., ...you getting my point? Where does everyone work when we become super "efficient"?

 

[ByLoSellHi]

Quote from CaptainObvious:

Yes there are! There are also too many fast food restaurants, gas stations, banks, grocery stores, hair salons, insurance companies, bars, liquor stores, Home Depots, Walmarts, Shopping Malls in general, etc., etc., ...you getting my point? Where does everyone work when we become super "efficient"?

This is the problem when machines take over, too.

e.g. - the new cashier-less checkout lanes.

China will have a monumental task of keeping their population employed in an increasingly automated world.

 

[Pa(b)st Prime]

Quote from ByLoSellHi:


China will have a monumental task of keeping their population employed in an increasingly automated world.

Ground war.....

 

[bit]

Quote from ByLoSellHi:

This is the problem when machines take over, too.

e.g. - the new cashier-less checkout lanes.

China will have a monumental task of keeping their population employed in an increasingly automated world.

Machines need batteries.

 

[ByLoSellHi]

Quote from Pa(b)st Prime:

Ground war.....

It'd be all just a little bit of history repeating.

I find it incredibly ironic that we're so freely helping to build the army and weaponry systems of America's next true rival.

Technology transfers are just the beginning.

 

[Compulsive]

They ought to pump the $700 Billion into the PORN industry...we need more new faces :eek:

 

[bit]

Quote from ByLoSellHi:

It'd be all just a little bit of history repeating.

I find it incredibly ironic that we're so freely helping to build the army and weaponry systems of America's next true rival.

Technology transfers are just the beginning.

Hmmm. Wonder which side the corporations will choose?

 

[Pa(b)st Prime]

Quote from Random.Capital:

Car dealerships are so last-century. It's long past time the middlemen and inventory-stacking problems were dealt with. I could easily see more than half the dealerships getting wiped out - and it would be good for consumers.

I agree. A friend of mine sells high end watches and I love pissing him off too about his parasitic contribution to trade but then he reminds me I'm nothing but a futures speculator, lol.

I'm sympathetic in a way to car dealers though. The same guy who thinks nothing of buying an off the rack apparel item at 3x markup goes from dealer to dealer squeezing a car deal down to a few hundred over invoice. The American metaphor: RL vs. GM.....