Date registered: May 2008
Vehicle: W210.265/2001, W220/S500/2000, Porsche 997 C2S/2006, GMC K1500/1992
Location: DFW, TX
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Consumer credit is the next shoe to drop in US after the Housing. That is why I told you DOW is at its intermediate bottom but it will not bottom until 9 months from now if we are lucky. My S500 has 75K, I may trade it in for a new Porsche sedan next year. But if gas price keep going up to north of $5, I may just keep this old mule to death. Porsche came out with a new PDK transmission, 997/2009. I am booked for test drive at a Ft Worth track on Oct 29. Drew, do not worry, my POT will back up to its high in 2 years. China govt. just change their land policy. Farmers used to bid for farmland once every year. Currently,they are allowed to bid for a term of 10 years or more. The lease owner will use more fertilizer in the future so they can sub lease the land and become a short term landlord. One thing you guy should spend more time is to study how DOW behaved in last few recessions. That will give you some clue for your expectation.
500SEC 1984 retired at 192K
Porsche 928S GT 1984 (euro) retired at 243K