Relevant and even prescient commentary on news, politics and the economy.

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Declining Fuel Efficiency

…throughout much of the 1990’s. The recent increase in oil and gasoline prices has led to a decline in the demand for larger and faster automobiles. But then I’m channeling…

Gasoline Prices and the Used Car Market

…and Norihiko Shirouzu’s Wall Street Journal article on July 25, 2001 was entitled “Car-Lease Losses Are Putting Banks’ Earnings Into Reverse” and noted: Banks poured money into auto leases during…

Rent-Seeking Behavior Pays Off

The nation’s major lenders (esp. the big credit card issuers and auto finance companies) will reap significant returns on the investments that they have made in the form of campaign…

China Update

…some banks’ reserve requirements and advising banks to restrict lending in “hot” sectors, including auto, steel, cement, aluminum and real estate… Data released earlier this month showed the central bank’s…

Personal Income

…2002. The BEA report notes that personal spending continued to grow at a fast pace in July, however, primarily driven by auto sales. Together the income and spending data conspired…

…selected bits of information that I’ve drawn from the report: – Since the tariffs caused the price of their biggest input (steel) to go up, steel-consuming firms, such as auto