As Good As It Gets, Or Soft Landing Prelude?
For markets and, in some ways, for the US economy, this is probably as good as it gets. Assuming the Fed can't pull off a soft landing, that is.
On an unrounded basis, headline inflation was below 3% in June, we learned this week. Consumer sentiment rebounded dramatically early this month, data released on Friday showed. And big bank earnings suggested that although borrower trends are normalizing, upper-middle-income Americans (you know, the suburbanites who persist in the fantasy that leasing
Love the x5 analogy
Content with 10 y/o Audi Allroad and 31 y/o UrS4, bought for cash, don’t consider myself rich…
I had to let my 22 year old Landcruiser go. Still love my 2012 Allroad 🙂
I had to finally let go of my 15 year old Charger in consequence of intractable electrical problems. When it takes 4 months to source a part that isn’t manufactured anymore, you read the writing on the wall.
Interestingly, the shop manager told me, “it’s easier to keep a 50 year old car on the road than a 15 year old car.”
My new car is a technological marvel, but the chances of handing it down to my son in a decade are slim-to-none.
Here is the rest of the story of my beloved LC- after 22 years and 200,000 miles, I sold it to my son for $4k ( Kelley Blue book value- after all, “fair is fair”). He drove it for 3 more years until catastrophic failures were occurring earlier this year. He then sold it to Carmax for $4k (although he did have to put about $2k into it during those 3 years) and purchased a 2013 Toyota FJ Cruiser.
If I had ever borrowed money to purchase a car, my dad would have disowned me.