Much like the effect of a “Colbert Bump,” light vehicle sales experienced the effect of the cash for clunkers bump over this year’s summer. (click for larger image)
Notice how quickly vehicle sales returned to historic low levels.
Y&NY Pages
Disclaimer
This blog is produced by Douglas Ott. By viewing or participating in discussion on this blog, you understand that the opinions expressed within are the opinions of only the author and individual participants.
Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security or other instrument. Before investing, consider your investment objectives, risks, charges, and expenses. Any purchase or sale activity in any securities instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results. The author may or may not have positions in any security mentioned on this blog.
Recent Posts
- Reinsurance Valuations at Long-Term Lows
- California Criticism
- My Thoughts on the 2011 Berkshire Letter to Shareholders
- Berkowitz Makes the Case for Two Investments
- Finding a cure for accounting shenanigans
- New Article About Ray Dalio
- What does Japan have going for itself?
- U.S. Corporate Tax Rate: Unchanged Over Decade and Almost Twice World Average
The bump was very predictable. So was cash for clunkers’ negative impact on car repairs and car donation.