Club Sport on eBay
01-04-2007, 04:37 PM
#46
Rennlist Member
Loren, if you could buy this car for $30k, I'll split the cost and profits with you and drive it to California.
This car will sell for $55,000-70,000. Based on the scarcity, we probably will not know the sales price.
This car will sell for $55,000-70,000. Based on the scarcity, we probably will not know the sales price.
01-12-2007, 10:54 AM
#48
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Join Date: Jun 2001
Location: Indiana
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Originally Posted by DHinkle
Interestingly, the decline in the stock market has fueled both real estate and the collector car market this go around.
On a lighter note I passed on the Gulf blue CS when it was in New Mexico for under $30K before Don picked it up.
Oh well you can't have them all. Sure is a cool looking car. 
01-12-2007, 02:13 PM
#49
Three Wheelin'
This is turning into an ecomonics thread....
I have 3 things to say
1. I did not realize the stock market has declined (last I checked it was doing quite well)
2. I think Greenspan did a good job of getting us out of recession and giving us a very long period of expansion. By the way, the overnight rate controlled by greenspan doesn't affect the 10 year or 30 year bond rates...in fact the yield curve is inverted at the present time. In other words, mortgage rates didn't move much relative to an increase in the overnight rate from 1%-5+%.
3. The people who will get burned the most in a downturn are those that stretched too far (100% financing on their house, interest only mortgages, etc) and those who unfortunately lose their jobs...currently the unemployment rate is very low as well though, so there is no issue there.
The economy will go down (and will go up)- the job of the fed is to minimuze the delta not to stop downturns....after all, they are not God!
I digressed since the thread digressed- sorry
I agree there is too much liquidity in the market- the risk/return ratio is off, but how much of this is Greenspan's fault is debatable- he wansn't irresponsiblein my opinion.
I have 3 things to say
1. I did not realize the stock market has declined (last I checked it was doing quite well)
2. I think Greenspan did a good job of getting us out of recession and giving us a very long period of expansion. By the way, the overnight rate controlled by greenspan doesn't affect the 10 year or 30 year bond rates...in fact the yield curve is inverted at the present time. In other words, mortgage rates didn't move much relative to an increase in the overnight rate from 1%-5+%.
3. The people who will get burned the most in a downturn are those that stretched too far (100% financing on their house, interest only mortgages, etc) and those who unfortunately lose their jobs...currently the unemployment rate is very low as well though, so there is no issue there.
The economy will go down (and will go up)- the job of the fed is to minimuze the delta not to stop downturns....after all, they are not God!
I digressed since the thread digressed- sorry
I agree there is too much liquidity in the market- the risk/return ratio is off, but how much of this is Greenspan's fault is debatable- he wansn't irresponsiblein my opinion.
