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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: 16707710" data-attributes="member: 190070"><p>LOL sure thing homie. So when you get laid off the first thing that you are going to do is buy a new car because "supply overrides all." </p><p></p><p></p><p></p><p>A rate hike increases the cost of capital for banks. As cost of capital increases marginal loan origination falls. Dipshits that could get financed when cost of capital was marginally lower can no longer get financed. Because they cannot get financed they cannot buy the things that they would buy when they could get financed. Sales fall. As sales fall incentives increase. Prices fall. This is basic shit. </p><p></p><p>And by the way this is the reason that the Fed increases rates. To slow down economic activity in an attempt to contain inflation. Which BTW inflation is just a fancy way of saying "too much money and not enough things to buy." So when you hear that the Fed is raising rates think "the Fed wants people to buy less stuff."</p></blockquote><p></p>
[QUOTE="Klaus, post: 16707710, member: 190070"] LOL sure thing homie. So when you get laid off the first thing that you are going to do is buy a new car because "supply overrides all." A rate hike increases the cost of capital for banks. As cost of capital increases marginal loan origination falls. Dipshits that could get financed when cost of capital was marginally lower can no longer get financed. Because they cannot get financed they cannot buy the things that they would buy when they could get financed. Sales fall. As sales fall incentives increase. Prices fall. This is basic shit. And by the way this is the reason that the Fed increases rates. To slow down economic activity in an attempt to contain inflation. Which BTW inflation is just a fancy way of saying "too much money and not enough things to buy." So when you hear that the Fed is raising rates think "the Fed wants people to buy less stuff." [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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