British people have suddenly stopped buying cars and as BI's Jim Edwards notes, it's not clear why.
As the following chart from Barclays shows, both new- and used-car sales have collapsed...
While the slump in consumer confidence remains a major factor...
But as Edwards notes, a number of other factors are colliding simultaneously to hurt UK car sales:
Authored by John Bolton via The Gatestone Institute,
Today marks the 16th anniversary of al-Qaida's 9/11 attacks. We learned much that tragic day, at enormous human and material cost.
Perilously, however, America has already forgotten many of Sept. 11's lessons.
Automakers in the US and Europe that have dedicated vast resources to developing electric or hybrid vehicles are slowly waking up to an uncomfortable reality: The market for electric vehicles in the West would simply not exist without subsidies.
Submitted by Francseco Filia of Fasanara Capital
Measuring the Bond Bubble
A key conviction of ours is that we live through a Twin Bubble in asset markets: an Equity Bubble, particularly in the US, and a Bond Bubble, particularly in Europe.
Apple Inc. had hoped that its iPhone eight might demolish the company’s sales records in China as the country’s burgeoning middle class embraced the phone, thanks in part to its name: Eight is considered a lucky number in Chinese culture, signifying wealth and fortune.
Unfortunately for the world’s most valuable company, this calculus isn’t playing out as well as its massive marketing operation had hoped for one simple reason: The price of the phone is simply too high for most members of the company's target demographic.