The Dow has been looking good but it was probably lagging the other indices over the last 6-12 months.
$29,000 for an average used car? Would-be buyers are aghast
parts:
DETROIT — A couple of months ago, a woman paid a visit to Jeff Schrier’s used car lot in Omaha, Nebraska. She was on a tight budget, she said, and was desperate for a vehicle to commute to work.
She was shown three cars priced at her limit, roughly $7,500. Schrier said the woman was stunned.
“‘That’s what I get for $7,500? ‘” he recalled her saying. The vehicles had far more age or mileage on them than she had expected for something to replace a car that had been totaled in a crash.
The woman eventually settled on a 2013 Toyota Scion with a whopping 160,000 miles on it. Schrier isn’t sure he made any profit on the deal. “We just helped her out,” he said.
The days when just about anyone with a steady income could wander onto an auto lot and snag a reliable late-model car or buy their kid’s first vehicle for a few thousand dollars have essentially vanished.
“I’ve never seen anything remotely close to this — it’s craziness,” said Schrier, who has been selling autos for 35 years. “It’s quite frustrating for so many people right now.”
“What used to be a $5,000 car,” he said, “is now $8,000. What used to be $8,000 is now $11,000 or $12,000.”
Including taxes, fees, a 10% down payment, and an interest rate of around 7.5%, the average used vehicle now costs $520 a month, even when financed for the average of nearly six years, Edmunds calculated.
To make that payment and afford such other necessities as housing, food and utilities, a household would have to take home about $60,000 a year, or $75,000 before taxes, said Kimberly Palmer, a personal finance specialist at NerdWallet. In 2020, the U.S. median pretax household income was $67,521, the Census Bureau says.
“The average person,” Palmer said, “can’t afford the average used car right now.”
https://www.newsday.com/classifieds/cars/used-preowned-vehicles-price-expensive-1.50466463
Buygold
Re Dow/Dog
I would guess some large money is going defensive, dumping the Dog and buying blue chips…which also says they can’t stay away.
Scum still all over the shares
In my very expert opinion, we can’t leave home without them.
BTW – which is the real market? The one we saw yesterday or the one today where the Nasdaq is getting crushed? DOW is too concentrated to us as a gauge.
ipso facto
That’s terrible…some Germans get very introspective and black…..
It really looks like the coup is starting to unravel.
Ororeef
I agree the Life Co’s will sue Big Pharma…but I wonder what will be left, as once enough people wake up to what has been done to them, with Vaxx’s….being sued will be a happy distraction from the howling lynch mob’s all around them.
Same goes for the Rig/scum….I think we can count down the days, as to how long they will stay running the Rig.
Wow!
HEAD OF EAST GERMAN’S BIGGEST HOSPITAL ALLEGEDLY COMMITS SUICIDE AFTER ADMITTING VACCINE IS GENOCIDE
I think the LIFE INSURANCE Companies
should be able to sue BIG PHARMA !
Its easy to figure out WHO the conspirators are
WHOS got the PATENTS on these VAX es…….? Follow the Money….
The book: 1984 was set in the UK. I don’t think this would fly in the US.
All New Cars Sold In EU To Be Fitted With Data Recording ‘Black Box’
Starting this summer, all new cars sold in the EU will by law contain a ‘black box’ accessible by authorities that records driving data.
https://www.zerohedge.com/political/all-new-cars-sold-eu-be-fitted-data-recording-black-box
Judge grants relief to Navy SEALs who refused coronavirus vaccine, sued Biden administration
A federal judge granted a preliminary injunction on Monday blocking the Defense Department from taking action against a group of 35 Navy sailors who had refused to get a coronavirus vaccine, raising questions on how it might shape the Pentagon’s requirement that all U.S. troops get vaccinated.
U.S. District Judge Reed O’Connor found that the pandemic “provides the government with no license to abrogate” the freedoms that any American has, and that the service members had a right to avoid getting a vaccination on religious grounds.
https://www.washingtonpost.com/national-security/2022/01/03/navy-seals-vaccine-mandate-lawsuit/
Stupid BIDEN is just a distraction ,a diversion ,to hide the real money GRAB !
https://www.brighteon.com/2b36ce94-a9bc-41a1-9261-4d49a4cb23bc
Big Pharma has been running a HUGE CLINICAL TRIAL at your expense ..they deliberately inject into the VAX vials pollution s ,just to see what kills the most people .They only do about 10 % of them to avoid detection.All big Pharmas are participating jointly in this MAD experiment. They claimed it was labelled EXPERIMENTAL even though they knew what they were doing.They labeled it experimental to avoid being held liable ,so victims couldn’t claim Malicious intent and SUE for damages .ONE BIG SCAM… BUST them UP along with BIG GOVERNMENTS that have one party monopolies. BIDEN is the DISTRACTION ..a bungling FOOL that can be left holding the BAG while the real conspirators get away.
Its just a Conspiracy group they will say that try to expose them ,they problem is they were right ..its is a Hugh conspiracy .
Buygold
LOL Please don’t make fun of our Commander in Chief!
So what he doesn’t remember what he had for breakfast today. Is that important?
Hey Ipso
My crystal ball is jaded today as well. It is everyday so I try to justify action where it doesn’t seem to exist such as, rates and USD up today, yet gold has not dropped below $1800 and silver is coming back. WTF? That’s a good thing but doesn’t hold the justifications from yesterday.
BTW – Palladium is doing well to start the year. I need to start monitoring PALL.
Just call me confused old friend.
Buygold @ 7:22 re: Gartman
Everyone needs an opposite Guru! If you did the opposite of what he said then his record is nearly flawless.
My crystal ball is a bit cloudy for today. I have no clue …
Scorpio Gold Reports Final Results from Phase I Exploration Drilling at the Manhattan Mine Property, Nevada
https://finance.yahoo.com/news/scorpio-gold-reports-final-results-120000015.html
Blackrock Silver to Commence Drilling District-Scale Targets at Its Tonopah North Project
https://finance.yahoo.com/news/blackrock-silver-commence-drilling-district-120000975.html
Mayfair Gold 2021 Review and Plans for 2022
https://finance.yahoo.com/news/mayfair-gold-2021-review-plans-130000873.html
Rise Gold Reports Favorable Draft Environmental Impact Report for Idaho-Maryland Project
https://ceo.ca/@newsfile/rise-gold-reports-favorable-draft-environmental-impact
TDG Gold Corp. Drills 29.0 Metres of 1.78 G/T Gold and 89 G/T Silver at Shasta Creek Zone, Toodoggone, B.C.
https://ceo.ca/@accesswire/tdg-gold-corp-drills-290-metres-of-178-gt-gold
Chakana Reports 50.7m of 0.63 g/t Gold, 3.46% Copper and 118.8 g/t Silver (4.89% Cu-Eq) in Huancarama at Soledad, Peru
https://ceo.ca/@newsfile/chakana-reports-507m-of-063-gt-gold-346-copper
EMX Royalty Identifies New Gold and Cobalt Targets on Australian Projects
https://ceo.ca/@newsfile/emx-royalty-identifies-new-gold-and-cobalt-targets
PureGold Transitions to Operational Leadership Team and Provides Project Update
https://ceo.ca/@nasdaq/puregold-transitions-to-operational-leadership-team
Inca One Reports Record Gold Production of 3,648 Ounces in December
https://ceo.ca/@newsfile/inca-one-reports-record-gold-production-of-3648-ounces
COT Report for last week came out yesterday
course before our move up to $1830. Unfortunately, although the numbers are fairly light, the game is the same.
Morning Ipso – just saw your Gartman
I suppose Gartman could be right for once but his track record is a little tainted. 🙂
This SM has prospered regardless of any outside influences, I’m not sure that we even have a market, just consistent computer algo’s running and pushing things higher. How can Gartman or anyone account for just how important the SM is to the economy?
JMHO but if they actually let it crater, everything goes with it. The only reason they’d allow a crash is to consolidate power in fewer hands – which they’ve done largely with Covid.
BTW – looks like gold is going to breach below $1800 today, so where’s the next stop? $17.80?
Silver the weak sister again
Hope it’s not the usual tell.
Could use a little hope to start off the year. I am a little surprised that gold didn’t breach below $1800 yesterday, support not that great and we’ve blown through it to the downside several times as we all know. JMHO
Silver Train
The Zephyr, coming down the mountain
https://railpictures.net/photo/780292/
Ipso
That’s right thanks for reminding me.
Inflation for we but not for thee lol
Anything demos touch just gets worse.
Notice how they always claim they help the poor and it always results in the opposite while stealing more of their freedoms but they keep voting for them.
goldielocks @ 20:40
No that’s not a real big drop. For sure the SM could drop much farther. On the other hand many stocks represent companies with real assets that can raise prices and are somewhat of an inflation hedge. For companies without earnings that’s another thing.
If there is a population die off … I guess that’s deflationary although all the debt would still exist … to be defaulted on.