VMC Predictions

[littlejohn]

2008, it looked like Chrysler was basically bk when they started discounting trucks to 40% to 50% off the sticker price in early fall...

Big Market averages looked to have corrected for some steep excesses created over years by liquidity excesses in the real estate sector within several days when the results of no liquidity left emerged...

Unemployment jumped much faster with almost panic company responses to overplanning as liquidity growth was questioned...

2008 saw little meaningful, purpose-driven relief for a reeling real estate sector...

Commodity prices could not hold up to the Big 3 whammy of US real estate market in recession, China Olympic build out complete, and Loss of liquidity from real estate borrowing starting to impact overall economy much harder...

Perfect Storm in 2008 for most asset values as an Election Year Spending and Promise Spree trumped out long term planning...LJ