Comments on: JD Power quantifies the impact of the Clunker program http://www.ritholtz.com/blog/2009/08/jd-power-quantifies-the-impact-of-the-clunker-program/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Wed, 15 Feb 2012 00:33:57 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: DeDude http://www.ritholtz.com/blog/2009/08/jd-power-quantifies-the-impact-of-the-clunker-program/comment-page-1/#comment-207730 DeDude Sat, 22 Aug 2009 19:12:21 +0000 http://www.ritholtz.com/blog/2009/08/jd-power-quantifies-the-impact-of-the-clunker-program/#comment-207730 300K more in 2009 and 100K less in 2010 should give a positive gain of 200K. I would love to do that kind of deal any time. My arguments have never even been based on the idea that there would be a net gain in sales in the long run, but simply that we need to borrow from the future now to make sure we don't sink into a self-sustaining downward spiral. Anybody who care to look at the past knows that the deeper you go, the longer it takes to get back up to where you were. So you have to "blunt" the dips if you can. 300K more in 2009 and 100K less in 2010 should give a positive gain of 200K. I would love to do that kind of deal any time. My arguments have never even been based on the idea that there would be a net gain in sales in the long run, but simply that we need to borrow from the future now to make sure we don’t sink into a self-sustaining downward spiral. Anybody who care to look at the past knows that the deeper you go, the longer it takes to get back up to where you were. So you have to “blunt” the dips if you can.

]]> By: Winston Munn http://www.ritholtz.com/blog/2009/08/jd-power-quantifies-the-impact-of-the-clunker-program/comment-page-1/#comment-207009 Winston Munn Thu, 20 Aug 2009 23:34:17 +0000 http://www.ritholtz.com/blog/2009/08/jd-power-quantifies-the-impact-of-the-clunker-program/#comment-207009 I am glad to see verification of what I have believed and wrote about in these comments - all that is accomplished by gimmicks like holding interest rates too low for too long is a compression of economic time, that future sales are simply brought forward to give the illusion of prosperity to those living now but will evaporate like the mist when reality steps through the door and the party ends. I am glad to see verification of what I have believed and wrote about in these comments – all that is accomplished by gimmicks like holding interest rates too low for too long is a compression of economic time, that future sales are simply brought forward to give the illusion of prosperity to those living now but will evaporate like the mist when reality steps through the door and the party ends.

]]> By: ben22 http://www.ritholtz.com/blog/2009/08/jd-power-quantifies-the-impact-of-the-clunker-program/comment-page-1/#comment-207006 ben22 Thu, 20 Aug 2009 23:27:20 +0000 http://www.ritholtz.com/blog/2009/08/jd-power-quantifies-the-impact-of-the-clunker-program/#comment-207006 boy, I wonder if DeDude and others that thought that 1. it didn't pull demand forward and 2. it was such a great success read this.... doubt it. boy, I wonder if DeDude and others that thought that

1. it didn’t pull demand forward and

2. it was such a great success

read this….

doubt it.

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