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Re: Remember that 4 cyl Porsche sports car
frogster - Friday, 4 May, 2012, at 11:15:27 pm
i think porsche would be wise to hold off on this due to the inevitable european collapse.

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MY 2000 S, Ocean Blue, Metropol Blue, Savanah Beige.
Bought June 2000 - Sold May 2010
Re: Remember that 4 cyl Porsche sports car
MikenOH - Saturday, 5 May, 2012, at 12:01:54 pm
If it's priced below the 981--say $30-35K--there might be a market for it, but that's a pretty small market.
In that range, the roadster alternatives are Miata, Mustang, Camaro(?),Mini and VW Eos--not exactly similar cars, but if you want a drop top, there are alternatives.

Frogster, regarding the "inevitable" European collapse, what makes it inevitable?
I can see where they will be in for a difficult time in the near term, but collapse seems a bit too pessimistic.
Since you've lived in Europe, I'd appreciate you insights.
Re: Remember that 4 cyl Porsche sports car
frogster - Saturday, 5 May, 2012, at 2:39:39 pm
many, perhaps too many, of my friends are in finance big time. banks, hedge funds, insurance, etc. so we talk about the financial world all the time.
i'm not good at explaining it tbut basically the numbers are not sustainable. too much debt, too leveraged and there's essentially no way out other than default. as we've seen in the past, a small collapse can snowball into bigger collapses due to over leveraging.
geneva is in shambles. the finance sector is getting hit extremely hard. layoffs are everywhere. i'm getting this right from the horse's mouth since my friends are among those losing their jobs.
my investments are short now. i'm kicking myself for not buying put options on apple at 600 when it was at 640. i would have made hundreds of thousands. come monday morning, i might still go in short even though aapl is at 565 since i wouldn't be surprised to see it in the 400's very soon.
this is by no means advice. i have a very contrarian approach. if you're interested, check out nassim taleb and his universa fund. he wrote two excellent books; the black swan (nothing to do with the movie) and fooled by randomness.

--
MY 2000 S, Ocean Blue, Metropol Blue, Savanah Beige.
Bought June 2000 - Sold May 2010
Brazil is a powerhouse now, sim?
Argentina 1830 1890 1915b 1930sb 1982 2001
Bolivia 1874 1931 1980
Brazil 1826 1898 1914 1931 1983
Chile 1826 1880 1931 1983


Austria 1868 1914 1932
Bulgaria 1915 1932
Greece 1824 1893
Germany 1932
Hungary 1931
Italy 1940
Moldova 2002
Poland 1936 1981
Portugal 1834 1892
Romania 1915 1933 1981
Russia 1917 1998
Serbia/ Yugoslavia 1895 1933 1983
Spaina 1831 1867, 1882
Turkey 1876 1915 1940 1978
Ukraine 1998, 2000


Looks like Greece hasn't had one in a while, but S.American countries have been on a similar schedule.
exactly!!!
frogster - Saturday, 5 May, 2012, at 10:35:37 pm
but the problem is that nobody wants it to happen on their watch so they just keep pushing it back and thus making it worse.

--
MY 2000 S, Ocean Blue, Metropol Blue, Savanah Beige.
Bought June 2000 - Sold May 2010
Re: Remember that 4 cyl Porsche sports car
db997S - Monday, 7 May, 2012, at 9:12:57 am
Yup, you just don't read about it/hear about it any longer. All the media thought that once Greece did its much announced restructuring, that was it and all of Europe were saved. Greece basically just kicked the can down the road a couple more years and didn't really resolve their situation by addressing the real tuff, pressing issues that it still faces. Several other EU countries are in similar boats, you just didn't hear about them because Greece dominated the news. It may not go, but hey look, even the UK double dipped into a recession. So, Europe and others could do the same, which would make those financial house of cards, very suspect. The only way to keep those great government ponzi schemes alive, is to keep the money flowing in (aka taxes). In recessions, tax revenue gets hammered, closing off that pipeline. Unless the US gets serious, we'll be facing the same thing one day. Debt not only collapses on individual familes and forces them into bankruptcy, governments get to the point were their citizens just cannot support the building debt load any longer. Nobody is waiting for the Facebook IPO with much greater excitment than good old Uncle Sam. What's 15% (capital gains tax) on $85 billion? Problem is, they spent that money 10 years ago, but they'll spend it again once it starts flowing into the system.
i know this is totally off-topic but the question of porsche building another model is related.

look at what happened in the elections today in france; the right was soundly defeated and a socialist is now the president of france. [www.reuters.com]

similar thing in greece where the left swept the elections [www.reuters.com]

this is going to have a significant impact on the future of the euro and european "union." My guess is that sooner or later, the euro-zone will break up. European politics will swing to the left due to disillusioned voters and the economy will be in shambles.

--
MY 2000 S, Ocean Blue, Metropol Blue, Savanah Beige.
Bought June 2000 - Sold May 2010
Agreed--this isn't the forum to get into the details of what's going on politically in the EU, but the events of the past weekend would indicate that there has been a political shift in that community and that the strategy the EU has been using to deal with its problems for the last 2 years is now up in the air. It will be interesting to see how the EU banker (read Germany) will react to the negative votes on austerity.
I'm not sure what the demographics would be for this baby Boxster in Europe, but I think sales of reasonably priced luxury goods in Europe are going to continue to tumble. The high-end luxury market has proven to be more resilient, but I just don't see a healthy environment for a 30-40K weekend car anytime in the near future.
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