This week, an e-mail landed in my inbox with the header “Unsold Cars.”

Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom. Please do see this on Google Maps….type in Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of A249, Brielle Way.

Normally, I would have deleted the e-mail without a second thought. But several things about it warranted further notice.

The first were aerial photos of thousands of cars. Wow, this really was a lot of cars.

The second was the phrase “Timestamp: Friday, May 16th, 2014,” which suggests that these photos were brand new.

What struck me was how familiar it all looked. Maybe that was because I posted those same photos on The Big Picture blog and Business Insider in February 2009.

Continues here

Category: Consumer Spending, Data Analysis, Really, really bad calls, Web/Tech

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “No, Those Are Not Millions of Unsold Cars Rusting Away”

  1. bigsteve says:

    My dad told me over 50 years ago to not trust what you read or hear and only half of what you see. The internet is a great tool. But you have to have more than one news source and do cross checking between them. And yes I have favourite sources myself. The New York Times and the USA Today are excellent news papers. I take both of them online. The Economist I also take and read as well as my local paper the Orlando Sentinel. Both have proven reliable. I rarely watch news on TV but do listen to or read opinion pieces of people who have proven to be accurate and can make an intelligent argument for their view. This blog falls into that realm. I also read books covering a wide range of subjects including economics, investing and politics.

  2. DeDude says:

    Not surprised that the doom crowd swallowed that one hook line and sinker. When you give people a story they want to believe they don’t care to do any fact checking at all. But if you tell them something they don’t want to hear they will spend weeks trying to dig up and amplify any little crack in the story.

  3. ComradeAnon says:

    Annnd of course Zero Hedge and Ronpaul are selling it.