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Wealth Effect & Porsche GT Prices

 
Old 03-01-2017, 12:35 PM
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Nizer
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Default Wealth Effect & Porsche GT Prices

Only thing to note here is that by the time the popular media gets a hold of a theme it's usually closer to the end than the beginning.....

http://www.foxbusiness.com/features/2017/02/28/what-do-buy-when-trump-wins-bentley.html
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Old 03-01-2017, 03:34 PM
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Originally Posted by Nizer View Post
Only thing to note here is that by the time the popular media gets a hold of a theme it's usually closer to the end than the beginning.....

http://www.foxbusiness.com/features/...s-bentley.html
Yup, we just hit the top. Same crap with gold when it hit with $1,900/ounce with all the commercials to buy gold.
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Old 03-01-2017, 03:39 PM
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+1

I was looking at old threads where people were upset that the Carrera GT prices were asking $330K.

PAG nailed the GT3 vis a vis the global economy.
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Old 03-01-2017, 03:42 PM
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I just hope there aren't morons who read those articles and think these 991 GT cars will become the next collector items or buy them at a premium only to attempt to flip them at a higher premium.

We need an article that says...."10% depreciation as soon as you drive off the lot on all GT cars" haha
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Old 03-01-2017, 03:49 PM
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You can always count on an abundance of morons. Being wealthy doesn't seem to prevent that either.
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Old 03-01-2017, 03:54 PM
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Originally Posted by mass27 View Post
You can always count on an abundance of morons. Being wealthy doesn't seem to prevent that either.
Yup, having money has never guaranteed that you can't be a moron. I know it won't happen but I'd be nice if they left the GT3 to people who actually intended on owning and driving the car.
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Old 03-01-2017, 03:54 PM
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Fake News
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Old 03-01-2017, 03:59 PM
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Originally Posted by usctrojanGT3 View Post
Yup, having money has never guaranteed that you can't be a moron. I know it won't happen but I'd be nice if they left the GT3 to people who actually intended on owning and driving the car.
I've had day dreams where certain car manufacturers had a process where they chose who could buy their car and who couldn't. Similar to an entrance exam. Then again, I probably would fail as I want a GT3 mostly to spend 14 hours waxing it, then stare at it while drinking a Mac18. Hardly the market segment PAG wants.

I probably should be focusing on arbitrage rather than day dreaming about stuff...
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Old 03-01-2017, 04:04 PM
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Originally Posted by mass27 View Post
I've had day dreams where certain car manufacturers had a process where they chose who could buy their car and who couldn't. Similar to an entrance exam. Then again, I probably would fail as I want a GT3 mostly to spend 14 hours waxing it, then stare at it while drinking a Mac18. Hardly the market segment PAG wants.

I probably should be focusing on arbitrage rather than day dreaming about stuff...
Don't foul yourself, you'd be driving the car and enjoying every single mile.
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Old 03-01-2017, 04:07 PM
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True!
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Old 03-01-2017, 04:57 PM
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Let's all give thanks to Central Banks around the world for giving us this latest asset bubble. Now that they're out of bullets, we're left with massive uncertainty rather than just plain old assessable risk.
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Old 03-01-2017, 07:06 PM
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Originally Posted by Archimedes View Post
Let's all give thanks to Central Banks around the world for giving us this latest asset bubble. Now that they're out of bullets, we're left with massive uncertainty rather than just plain old assessable risk.
Marketing creates demand for products we don't need but want and everyone needs more money to buy the products so we work harder at creating more demand with either more marketing or cheaper products: The viscous cycle of the consumer economy on a global scale.
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Old 03-01-2017, 07:49 PM
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Originally Posted by grendel88 View Post
Marketing creates demand for products we don't need but want and everyone needs more money to buy the products so we work harder at creating more demand with either more marketing or cheaper products: The viscous cycle of the consumer economy on a global scale.
But this bubble has absolutely nothing to do with any of that and everything to do with Central Banks injecting capital in the system and keeping interest rates artificially low. There is little to nothing in the way of fundamentals driving this asset bubble. It's solely a function of cheap money. There's a huge global game of musical chairs going on and the only question is when is the music going to stop and how abrupt will it be.
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Old 03-01-2017, 08:24 PM
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Dow 21,000

$1000 is the new $100.
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Old 03-01-2017, 08:51 PM
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Originally Posted by Archimedes View Post
But this bubble has absolutely nothing to do with any of that and everything to do with Central Banks injecting capital in the system and keeping interest rates artificially low. There is little to nothing in the way of fundamentals driving this asset bubble. It's solely a function of cheap money. There's a huge global game of musical chairs going on and the only question is when is the music going to stop and how abrupt will it be.
Bubbles and busts are part of the cycle, they are just faster now because we have to keep coming up with ways to run the machine of the consumer economy. Cheap money is a product of trying to keep demand up even when it is going down. I mean this is a very general way of looking at it, but it is the core of what is happening in the global economy. Really, do I need 5 cars? No, but I want them. In the end, this bubble will pop, and another will take its place, and on it will go unless the Marxists are right LOL.
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