Comments on: Unsold Cars Around the World http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 16:46:19 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: How the Common Man Sees It http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149529 How the Common Man Sees It Mon, 02 Mar 2009 14:37:31 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149529 Those pics remind of the saying, "There is never just one cockroach." Those cars are what you see when you move the fridge Those pics remind of the saying, “There is never just one cockroach.”

Those cars are what you see when you move the fridge

]]> By: Marxwuzrite http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149357 Marxwuzrite Sun, 01 Mar 2009 17:48:33 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149357 This is what Marx identified as a "crisis of overproduction". It means that capitalist society is unable to fully take advantage of its productive capacity because of its inherent contradictions. In a rational society, we would be crushing old, inefficient, polluting cars and replacing them as fast as possible with new, clean, efficient ones. Society as a whole would be richer and healthier. Same with housing. There is no "housing crisis". In fact, huge numbers of new houses have been built during the bubble period. On the whole, they are probably more energy efficient with better windows and insulation than a lot of old run down housing stock which could be knocked down in favor of the new construction. Rather, the so-called housing crisis has nothing to do with housing. It has everything to do with the contradictions of capitalism. This is what Marx identified as a “crisis of overproduction”. It means that capitalist society is unable to fully take advantage of its productive capacity because of its inherent contradictions. In a rational society, we would be crushing old, inefficient, polluting cars and replacing them as fast as possible with new, clean, efficient ones. Society as a whole would be richer and healthier.

Same with housing. There is no “housing crisis”. In fact, huge numbers of new houses have been built during the bubble period. On the whole, they are probably more energy efficient with better windows and insulation than a lot of old run down housing stock which could be knocked down in favor of the new construction. Rather, the so-called housing crisis has nothing to do with housing. It has everything to do with the contradictions of capitalism.

]]> By: Lawrence M http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149152 Lawrence M Sun, 01 Mar 2009 00:26:35 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149152 Bruce, the link I included is the same story in your link. Bruce, the link I included is the same story in your link.

]]> By: Jojo99 http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149146 Jojo99 Sun, 01 Mar 2009 00:20:11 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149146 Maybe the manufacturers should stop building cars for a while? To common sensical? <i>@DisciplinedInvesting said "In as much as this country needs to address healthcare etc., layering on these social programs in a deep recession will be disastrous."</i> Yet when we were [supposedly] flush as an economy, it was also said that then wasn't the time to expand such programs because doing so would end the good times and cause the party to crash! You can't have it both ways. If THEN wasn't a good time and NOW isn't a good time, WHEN would be a good time???? Maybe the manufacturers should stop building cars for a while? To common sensical?

@DisciplinedInvesting said “In as much as this country needs to address healthcare etc., layering on these social programs in a deep recession will be disastrous.”

Yet when we were [supposedly] flush as an economy, it was also said that then wasn’t the time to expand such programs because doing so would end the good times and cause the party to crash! You can’t have it both ways. If THEN wasn’t a good time and NOW isn’t a good time, WHEN would be a good time????

]]> By: TREGONSEE http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149144 TREGONSEE Sun, 01 Mar 2009 00:19:51 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149144 A great time to buy a new car. I walked into an Acura dealer last week at 10:30. The lot, and the streets around the lot, were jammed with inventory. I was the only customer, and there were six salesmen, all looking like they had come from central casting. At that point, I knew exactly how an antelope feels surrounded by a starving pride of lions. A great time to buy a new car. I walked into an Acura dealer last week at 10:30. The lot, and the streets around the lot, were jammed with inventory. I was the only customer, and there were six salesmen, all looking like they had come from central casting. At that point, I knew exactly how an antelope feels surrounded by a starving pride of lions.

]]> By: brg6 http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149097 brg6 Sat, 28 Feb 2009 21:35:42 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149097 the recession makes addressing healthcare MORE vital now than ever. millions of people are losing their health insurance when they lose their jobs. removing the tie between health insurance and employment and moving to a single payer system will lower total healthcare costs across the economy, stimulate job creation by employers (one of the reasons why the 2002-2007 expansion was weak in job creation compared to the 90s was the move in the 90s to HMOs and the increase in healthcare costs this decade), and unleash a wave of entrepreneurship as more people are free to start their own business without having to lose their healthcare to do so the recession makes addressing healthcare MORE vital now than ever. millions of people are losing their health insurance when they lose their jobs. removing the tie between health insurance and employment and moving to a single payer system will lower total healthcare costs across the economy, stimulate job creation by employers (one of the reasons why the 2002-2007 expansion was weak in job creation compared to the 90s was the move in the 90s to HMOs and the increase in healthcare costs this decade), and unleash a wave of entrepreneurship as more people are free to start their own business without having to lose their healthcare to do so

]]> By: DisciplinedInvesting http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149087 DisciplinedInvesting Sat, 28 Feb 2009 20:49:03 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149087 The new tax increases proposed in the President's budget will not stimulate capital purchases. The carbon tax and trade initiatives will hit middle income families as well. Corporations do not pay taxes, they collect them and pass them on to the government, i.e., they will pass these taxes on to all consumers. In as much as this country needs to address healthcare etc., layering on these social programs in a deep recession will be disastrous. The new tax increases proposed in the President’s budget will not stimulate capital purchases. The carbon tax and trade initiatives will hit middle income families as well. Corporations do not pay taxes, they collect them and pass them on to the government, i.e., they will pass these taxes on to all consumers.

In as much as this country needs to address healthcare etc., layering on these social programs in a deep recession will be disastrous.

]]> By: Bruce in Tn http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149083 Bruce in Tn Sat, 28 Feb 2009 20:14:03 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149083 Buy it... http://www.upi.com/Business_News/2009/02/25/Toyota_rents_ship_for_unsold_cars/UPI-10501235567085/ Toyota rents ship for unsold cars Buy it…

http://www.upi.com/Business_News/2009/02/25/Toyota_rents_ship_for_unsold_cars/UPI-10501235567085/

Toyota rents ship for unsold cars

]]> By: Lawrence M http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/comment-page-1/#comment-149081 Lawrence M Sat, 28 Feb 2009 20:03:59 +0000 http://www.ritholtz.com/blog/?p=20419#comment-149081 I don't know if I buy this. Every time I drive down 95 from NY to DC, there are massive lots at the docks that are filled with cars. Besides, what else would these huge lots fill their space with? The Nissan racetrack might be a little disconcerting depending on when that picture was taken. But this might become a reality: http://www.marinelog.com/DOCS/NEWSMMIX/2009feb00250.html I don’t know if I buy this. Every time I drive down 95 from NY to DC, there are massive lots at the docks that are filled with cars. Besides, what else would these huge lots fill their space with? The Nissan racetrack might be a little disconcerting depending on when that picture was taken.

But this might become a reality: http://www.marinelog.com/DOCS/NEWSMMIX/2009feb00250.html

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