DEFLATION: Comin-in strong

[blackpowder]

Always a lag as the curves follow each other up, pause at the peak and fall off.

[shtferbrains]

Everyone needs an EV.
Start with used like this one to cheapen it up.
+ taxes and luxury tax

Much cheaper to drive **

[furrowtickler]

Brand new Dodge trucks up too $15,000 off
Buddy just bought one for about $49,000
Picked up a new Chev 3L Duramax for far less than MSRP
They are dealing , maybe just not on the high end bling . Each to their own , deals are out there

[furrowtickler]

Fancy options can add $25-30,000 on new trucks
Depends what your looking for , deals are on the more basic ones right now

[furrowtickler]

[ATTACH]11977[/ATTACH]

Everyone needs an EV.
Start with used like this one to cheapen it up.
+ taxes and luxury tax

Much cheaper to drive **

Would only take 30 years to pay for itself lol
I wonder what those used trucks will be worth 5-7 years down the road when they need a full battery replacement?
Would have to nearly give it away if it costs $30,000 or so for a new battery system? Or can they be upgraded reasonably?
I guess time will tell .
That same F150 new , 2022 , can be bought for $40,000 less . Low $60’s without dealing much
You can buy o lot of fuel for $40,000

[Old Cowzilla]

Think its going to take a while yet to cool things off. 130 k new jobs in Jan when normal times would be layoffs a few thousand after Christmas rush. Pissing match between Wally World and suppliers over price now even with some lower freight costs. Government employees looking for big wage increases to cover cost of living high int rates this stuff feeds on its self . Old school buddy says toy sales ( Sleds and ATV's ) still strong can't keep them on the lot. And he's not easy to deal with ! It took longer in the 80's than everyone planned for but when deflation happened it was a shitstorm .

[furrowtickler]

One interesting thing I was told recently is that the under 30 crowd before Covid was 30 % of the vehicle sales . The past 4 months that is below 5 % now

[errolanderson]

One interesting thing I was told recently is that the under 30 crowd before Covid was 30 % of the vehicle sales . The past 4 months that is below 5 % now

Watch for the spike in repossessions . . . .

Auto industry in big trouble, they just don’t know it yet. If not this year, ‘24 and ‘25, the industry at-risk of shuttered dealerships and restructuring. Just wait for the cries-for-bailouts . . . .

[Guest]

Loaded the truck with $26 canola. Hard to sell what is left for $19. Yes deflation is real. Nobody needs to buy commodities as an inflation hedge when there is no inflation. Best investment available right now: 4.75% GIC. www.eqbank.ca We have to keep in mind that central banks exist for the suppression of interest rates below market values. Therefore they never raise rates, they just suppress less which causes them to rise towards the free market level. With excess debt that is out there right now, free market rates would be 8 -10%.

Sure as hell can’t get $19’here?

[mustardman]

Sask party...... good.

Everyone else ...bad.

That's the Saskparty's campaign.

Yep theyve doubled our debt and have one of the lowest economic records in the country
but all the unaware people will vote them back in

They are Arrogant and Incompetent - a dangerous twosome. How Stupid are they that to OWN the Libs, instead of taking covid help from Feds they asked umpteen U.S States , even as far away as Pennsylvania-WTF !!!
So they finally accepted help from the Feds, but People Died to Own the libs