Re: Gosford Motor Museum Closure - Packards for Auction

Posted by Brian Wilson on 2020/6/21 18:52:21
Tim

No need to apologise. It's all true. Including the irrational behaviour in the "collector" car market. How many people over about 35 years of age can drive a car with manual transmission (stick shift)?

What has happened now is that someone asked "what's wrong with running a massive national budget deficit?". So the US government keeps on printing money and buying commercial bonds of doubtful value. Somewhere along the line, the quality of US sovereign debt will be questioned and the US$ will lose its appeal. But probably not in the tenure of many current politicians.

If you think this is crazy, take a look at the sharemarket. Strange times, indeed.

Lucky we don't have a job to lose.

Cheers

Brian

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