pitt911

Powell is not the problem .Political correctness and adoption of victimhood mind set is the problem , so another Fed chair would have done the same
why ?
because as a country we adopted the concept that no body is allowed to have pain or consequences to their actions and that includes people from all economic backgrounds
even wall street is not allowed to crash
economy can't go into recession because too many people will suffer
and the party keeps going on until we run out of money or the world looks at us from a different perspective
so enjoy the party as long as it lasts

Diablo Dude

As someone that has been involved in the financial markets since 1980 and the days of Fed Chairman Paul Volker, I kindly disagree.
The FED Chairman is the most POWERFUL person in the country, if not the world.
They literally answer to no one.

pitt911

agree , but this is not the problem whether the guy has power or not
the problem is we became very soft and our way of thinking has changed over the decades
so any person in power is/will not exercise the measures needed because of political correctness
some might look at this and call it progress , others disagree
it seems like you have been around for some time
just sit and think how many times a day you hear the word victim , devastated , horrible etc now as compared to 30 years ago .

4carl

bottom line there used to be compromise for the common good! Now it’s win at all costs..

GeneTakovic

They could double or triple those numbers and have no problem.

jayson

Frontline just released an exceptional documentary on how a decade+ of quantitative easing after the 08 crash has lead us to where we are today. A bit long, but absolutely worth the watch.

CarManDSL

Back to normal programming . . . . . .

Anyone have any further comments on the pending Porsche price increase?

AlexCeres

Porsche thinks the cars are worth more than current msrp too …

CarManDSL

Let me suggest the tactic . . . .

Porsche restricts supply, creates even more demand, then says oh, "we should charge more, look at all the ADM's dealers are charging!"

Nice to be in the drivers shoes!

AlexCeres

capitalism working as intended … dunno why folks take it all personally

supershaft

Because porsche is deliberately manufacturing scarcity

Diablo Dude

Agreed.

On pure performance, the GT cars are priced way too cheap.
No other car at the same price point can touch the performance of these cars.
But instead of accepting that, we hear all kinds of "conspiracy" theories.

ipse dixit

Every company does that to some extent.

Some are better at it than others (Hermes, Rolex, Patek, Ferrari, etc.) but they all do it.

3-Pedals

This may mean laying people off and/or moving production to a less expensive location and/or less expensive suppliers. It doesnt mean Porsche will increase the retail price by 10-20%. They just increased the price last year and we are on the cusp of a recession.

supershaft

I can almost predict that they will increase the price again because they can. Where are we going to go? Ferrari? Lamborghini? And lol.. Mclaren?