Quote: @purplefaithful said:
@ AGRforever said:
Below is everything you'd ever care to know about automobile inflation and it touches on wage growth. Automobiles are fascinating in the topic of inflation. Just think of what automobile makers are up against. They've had increased labor cost, increased raw material cost, increased/more costly emission standards, safety standards and on and on and yet they've been able to keep the car affordable to the middle class because they HAVE TO. They must have cars remain affordable because if they don't they wont have a customer base to sell them to.
http://www.freeby50.com/2008/11/history-...erage.html
Lots of dark clouds in the auto industry these days...Slowing economy in China etc...Ford in particular is having a very difficult time:
Ford debt has been downgraded to junk
Frankfurt, Germany (CNN Business)Moody's downgraded Ford's credit to junk Monday evening. It said the automaker faces considerable business challenges, and its poor financial performance badly positions Ford to take on its planned $11 billion restructuring
https://www.cnn.com/2019/09/10/business/...index.html
One has to wonder what is pushing this. Domestically Household debt service ratio/disposable income is at all time lows. Unemployment is at all time lows. Is it the lack of car buying by millennials?
Motor vehicle consumption/GDP peaked (post great recession) in 2017 and has been trending downward.
Did we all buy our cars that last +10 years already and thus aren't buying them now? I know we replaced 2 of 3. One in 16 and one is 17. The next replacement hopefully wont happen until 21 or 22??
Quote: @AGRforever said:
@ purplefaithful said:
@ AGRforever said:
Below is everything you'd ever care to know about automobile inflation and it touches on wage growth. Automobiles are fascinating in the topic of inflation. Just think of what automobile makers are up against. They've had increased labor cost, increased raw material cost, increased/more costly emission standards, safety standards and on and on and yet they've been able to keep the car affordable to the middle class because they HAVE TO. They must have cars remain affordable because if they don't they wont have a customer base to sell them to.
http://www.freeby50.com/2008/11/history-...erage.html
Lots of dark clouds in the auto industry these days...Slowing economy in China etc...Ford in particular is having a very difficult time:
Ford debt has been downgraded to junk
Frankfurt, Germany (CNN Business)Moody's downgraded Ford's credit to junk Monday evening. It said the automaker faces considerable business challenges, and its poor financial performance badly positions Ford to take on its planned $11 billion restructuring
https://www.cnn.com/2019/09/10/business/...index.html
One has to wonder what is pushing this. Domestically Household debt service ratio/disposable income is at all time lows. Unemployment is at all time lows. Is it the lack of car buying by millennials?
Motor vehicle consumption/GDP peaked (post great recession) in 2017 and has been trending downward.
Did we all buy our cars that last +10 years already and thus aren't buying them now? I know we replaced 2 of 3. One in 16 and one is 17. The next replacement hopefully wont happen until 21 or 22??
It is the sticker shock, cost of ownership, coupled with housing prices and the much more mobile lifestyles (not staying in one place). Home ownership in whole is also trending down because right now to many have the bad taste of those that went under water, leasing is way up in both. I have a family member that easily has the means to own a home but right now his age group is so mobile they rarely stay at a single place let alone job 5 years.
Quote: @JimmyinSD said:
@ purplefaithful said:
5,4,3,2,1...
This is headed straight to sensitive topics by noon lol!
this really shouldnt become political, because neither party is immune to criticism on this matter..... of course it will become political because both parties know that its a hot potato so they both pretend to be the "one" that is giving a shit about fixing these issues.
A chart I've never been able to come up with is when you take into account the interest paid on government debt and then factor that the real added debt (not counting debt due to servicing debt) what portion of our GDP is real and what is BS being put on just by new government debt?
Also if anyone want to find a group of people who should be sent to Gitmo look no further then the FEDeral reserved folks. Those people are economic terrorists. The amount of funny money put into the system during and post great recession and subsequently taken out during this last bit of economic expansion is truly remarkable.
glaad i grajuated from kollage when i did
Best gift my wife and I could give our son was a debt-free college education: he won't have to deal with that financial anchor. Not everyone can do that, I know, and I do feel for these kids that are saddled with that kind of debt, specifically if they don't graduate into higher paying jobs.
Quote: @StickyBun said:
Best gift my wife and I could give our son was a debt-free college education: he won't have to deal with that financial anchor. Not everyone can do that, I know, and I do feel for these kids that are saddled with that kind of debt, specifically if they don't graduate into higher paying jobs.
The reason college cost has exploded is because the government (not one party or the other) (high school admin) told everyone for the past +30 years they had to go to college or they were stupid. Then we gave these same students UNLIMITED access to funds guaranteed by none other then .gov. Of course the colleges are going to increase in cost when they have an endless increase in students with out a clue what they're actually paying for when they sign on the dotted line. Now days a 4 year degree is nothing more then a hunting licensee. You have a license to hunt for a job. Most wont land that big buck, they're going to get some one because the job market it flooded with a million other kids with the same BS business degree.
I'd love to give my kids debt free college and our career trajectory "probably" will allow us to do so but by the time my 8 year old is there what is it going to cost? Double? Triple? Quadruple today? When is enough enough when it comes to cost?
Out local D1 university can't stop buying land and building buildings because they're so flush with cash they don't care and we're a little school in TN tech. They're actually competing with the medical industry here because both have snatched up all the real estate between each other and they're now fighting for it.
Quote: @Vanguard83 said:
glaad i grajuated from kollage when i did
Toga Toga Toga!!!!!
Quote: @AGRforever said:
@ StickyBun said:
Best gift my wife and I could give our son was a debt-free college education: he won't have to deal with that financial anchor. Not everyone can do that, I know, and I do feel for these kids that are saddled with that kind of debt, specifically if they don't graduate into higher paying jobs.
The reason college cost has exploded is because the government (not one party or the other) (high school admin) told everyone for the past +30 years they had to go to college or they were stupid. Then we gave these same students UNLIMITED access to funds guaranteed by none other then .gov. Of course the colleges are going to increase in cost when they have an endless increase in students with out a clue what they're actually paying for when they sign on the dotted line. Now days a 4 year degree is nothing more then a hunting licensee. You have a license to hunt for a job. Most wont land that big buck, they're going to get some one because the job market it flooded with a million other kids with the same BS business degree.
I'd love to give my kids debt free college and our career trajectory "probably" will allow us to do so but by the time my 8 year old is there what is it going to cost? Double? Triple? Quadruple today? When is enough enough when it comes to cost?
Out local D1 university can't stop buying land and building buildings because they're so flush with cash they don't care and we're a little school in TN tech. They're actually competing with the medical industry here because both have snatched up all the real estate between each other and they're now fighting for it.
Do you live in Cookeville?
Quote: @StickyBun said:
Best gift my wife and I could give our son was a debt-free college education: he won't have to deal with that financial anchor. Not everyone can do that, I know, and I do feel for these kids that are saddled with that kind of debt, specifically if they don't graduate into higher paying jobs.
we've done the same thing.. although I did tell my kids I wasnt paying for dreams. I offered them both a degree in a field that they were interested in as long as that field showed both need and decent compensation. My daughter chose health care and is an RN making over 50k a year less than 6 months out, and my son chose the trades and is working in the refrigeration and HVAC industry, neither of them will ever make 6 figures with these degrees, but they are both somewhat recession proof and not likely to be replaced by technology any time soon. I also told them both out of HS that they dont have to make a career out of the education that I pay for, but it will provide them a decent living while they work on what ever other degrees they may choose to pursue.
A college degree and a half a beef annually... what else could a kid want?
Car prices are absurd.
People should boycott buying new until they fix the bullshit.
I am thankful that my daughter has relatively low debt finishing her bachelor degree and my son gets a free ride at USNA.
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