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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="Klaus" data-source="post: 16707564" data-attributes="member: 190070"><p>Interest rates matter because it affects credit availability. Less credit availability means fewer buyers. </p><p></p><p>That is the whole point of the fed raising rates. To slow economic activity by reducing money supply.</p><p></p><p>PS it is super weird to read people quoting manufacturer press releases that "supply will intentionally be kept tight" as if car companies can control demand. LOL it as is if people do not have even a basic understanding of how markets work. </p><p></p><p>The fed yesterday signaled that they will raise rates 3x in 2022. The writing is on the wall. Rates are going up. It is not going to matter how much consumers want high end trucks. Median salary in the US is what, $65k? LMFAAAAAAO if you think it is sustainable for large swaths of the population paying >2x their annual after tax wages for any period of time. For a car. This shit reminds me exactly of the mid 2000s housing bubble. It will end, it is just a matter of when.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16707564, member: 190070"] Interest rates matter because it affects credit availability. Less credit availability means fewer buyers. That is the whole point of the fed raising rates. To slow economic activity by reducing money supply. PS it is super weird to read people quoting manufacturer press releases that "supply will intentionally be kept tight" as if car companies can control demand. LOL it as is if people do not have even a basic understanding of how markets work. The fed yesterday signaled that they will raise rates 3x in 2022. The writing is on the wall. Rates are going up. It is not going to matter how much consumers want high end trucks. Median salary in the US is what, $65k? LMFAAAAAAO if you think it is sustainable for large swaths of the population paying >2x their annual after tax wages for any period of time. For a car. This shit reminds me exactly of the mid 2000s housing bubble. It will end, it is just a matter of when. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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