Lamborghini is optimistic about the U.S. economy. This article appeared in CNBC.com this morning as a report from the L.A. auto show. Check it out:
http://www.cnbc.com/id/21830518i
http://www.cnbc.com/id/21830518i
Lamborghini is optimistic about the U.S. economy. This article appeared in CNBC.com this morning as a report from the L.A. auto show. Check it out:
http://www.cnbc.com/id/21830518i
Had lunch with some bank execs and real estate developers on Wednesday. They have observed a strong decline in Orange County housing sales in the $600K - $700K and below range, (i.e. entry level for much of OC) but allegedly have not yet witnessed a slow down in home transactions over $2MM. In some of the outlying markets, newly constructed homes have gone for deep discounts in an attempt to stimulate demand in areas where economic growth has slowly or halted altogether.
Personally, I think the slowdown will soon impact even the buying habits of those with high disposable incomes. It just takes a little longer for the cycle to hit.
I'm no Ben Bernanke, but my take on the article is that Lamborghini is optimistic about their ability to find 2,400 buyers (or 20 in the case of the Reventon) for their ultra high end luxury goods within a backdrop of a struggling US economy. Additionally, note that there is no further short term expansion planned for their dealerships. Speculation, but this could just be posturing by their CEO in an attempt to ensure that insecure high net worth buyers don't start dropping off or backing out of their deposits and orders.
According to the democrates, the problem rest squarely with the Presidents' "failed" economic policy, "failed" administration and "failed" presidency!
We'll I'm,, tending bar at night for extra $$$.......:biggrin..:biggrin