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Hip to be bear

Green Shoots....my Ar$e!

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I have recently relocated to the Isle of Wight and was looking at the ships moored in Sandown Bay, which is a stopping safe anchorage for ships on their way into Southampton. There have been 2 big car boats mothballed there for months as they are just not needed. I was out for a walk yesterday and had a look out to sea.....How many car boats parked up in Sandown Bay????

Not 2, not 3, not 4 but 5 car boats sitting out there, going rusty instead of ploughing through the high seas delivering new cars to all those impatient consumers.

The media is full of the recovery etc, but in the real world, it just doesn't seem to be happening.

Anyone else got any similar or contrasting anecdotals of what is going on behind the spin?

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Sept 2004: 431,000 new car registrations

Sept 2005: 417,000

Sept 2006: 414,000

Sept 2007: 419,000

Sept 2008: 330,000

Sept 2009: ???

Anything over 350k this September will be hailed as a massive success even though its still a big drop from pre-2008 levels. We just don't need the capacity you've spotted to be in recovery ;)

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Those ships were there when we got the ferry to Santander in JUne. Likewise there were 3 or 4 moored up outside Santander at the oher end.

djmgw

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Sounds like some deflationary pressure is on the way for new cars, unless they are considering tipping them into the sea to keep prices up. Could probably even get a government grant to do it. At the moment, no economic policy seems too absurd.

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Funny you should mention cars. I was amused to receive the following text message on my mobile last friday:-

THIS WEEKEND ONLY ON NEW KA, FIESTA & FOCUS NO VAT & 0% FINANCE AVAILABLE AT YOUR LOCAL EVANS HALSHAW FORD DEALER CONTACT 077XXXXXXX

...and after all the talk recently that the scrappage scheme had given the motor industry a much needed boost. Methinks all is not healthy. Plus there's also the recent reports that secondhand cars are holding their value much better than usual, because of a shortage of supply.

All annectodal grist to the mill.

:)

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I am actually looking at taking advantage of the scrappage scheme myself. I was talking to a dealer today who said that they have sold 80 new cars on the scrappage scheme (mainly small ones). THey have plenty of second hand cars on the forecourt, but noone wants them as they are all going for new cars on the scheme.

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Only 5 boats anchored up, take a look at this lot anchored off Keppel Harbour in Singapore

Ghost Fleet - Daily Mail

edit:typo

Singapore Harbour is a sight to see from the air, A month ago I flew over it was so full, it was the same a year ago. I also saw container ships traveling from Australia to Asia. Just what is going on? Share market is going up real fast, gold too, interest rates are going no were, governments flooding the market with bonds and cash. No inflation no deflation. Is it possible we will see another bust?

Hey nice image of the drinker. It tasts the same out of a glass anyway. Would you say the bottle was half empty or half full?

I may be wrong but she looks like she is using the grog to numb the pain of living, cant say as I blame her as I have done it myself many times. I cant read the lable on the bottle is it leg opener?

The bottle is half empty as she is drinking it down. If she was filling it up it would be half full.

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I am actually looking at taking advantage of the scrappage scheme myself. I was talking to a dealer today who said that they have sold 80 new cars on the scrappage scheme (mainly small ones). THey have plenty of second hand cars on the forecourt, but noone wants them as they are all going for new cars on the scheme.

The scrappage scheme although a good deal for a few and probably you is in reality typical of the Labour’s culture of debt.

Encourage people with 10 year old + motors to buy a new car, thus the type of motors where you have paid off or own outright the car. Yes it maybe old but that is a £0 going out each month on loans for it. The lucky punter gets to then sign up to a finance deal for 3 or 4 years, in typical fashion with a nice sting at the end of the deal.

Labour’s characteristic solution of papering over or deferring if you like an issue with more debt.

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