Topic: Car Allowance Rebate System

The latest Federal Reserve report on the state of US consumer credit showed the seventh straight contraction in August with total consumer credit falling a seasonally adjusted $12 billion or at a -5.8% annual rate. Remember these numbers are for the 'cash ...
There is a tremendous effort by the President and the Democratic Party to swiftly replace our current system of health care insurance with a government sponsored insurance program designed to bring health insurance coverage to all Americans. Of course, this sounds like ...
The following graph and quote from the 5-Min. Forecast (here) shows that personal consumption is approaching pre-crisis highs. Is the August data artificially high due to cash for clunkers? Something has to change. The latest data for household debt are two months ...
Consumer spending surges by largest amount in nearly 8 years in August but incomes lagConsumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years even though personal ...

American Consumers: So Much for Thrift

The A-list economic indicators are GDP growth and the unemployment rate, which tell us at a glance if the recession is over, and if it feels like it's over. After drifting upward earlier this year, the personal savings rate has dipped from ...
We were out using our American Express (AXP) card at Costco (COST) a short time ago, doing our small part to expand consumer credit (that is, until the bill comes next month) in order to help out the struggling economy, when the ...

Cash for Clunkers: Wasteful and Stupid

This is one of the most wasteful and stupid schemes announced in the last 6 months by the current administration. The Cash for Clunkers program, however, attempts to force the consumers to go into deeper debt which they can probably not afford ...
There is a lot of talk about the new cash for clunkers legislation that aims to take older vehicles off the road. Many aftermarket parts suppliers, independent repair, and body shops have been wondering how this will effect their business. In our ...

Thrifty Thursday: Cash for Clunkers

legislation grinding its way through Congress has me considering something I haven't thought about in a long time: Nine years and 90,000 miles later, it's gas guzzler with the faint odor of old juice, the definition of a clunker. But it all ...
  • 1
  • 2