According to KYW1060 (CBS), durable goods orders were down 1.5% in the month of April.
Almost anyone can get a car loan; and that’s not good for the country. 1/3 Of Millenials living at home with 1/4 unemployed or underemployed while 28% on Disability.
July Challenges to TSLA Model 3 Ramp Up are Dubious, courtesy of SeekingAlpha.com.
- Industry deliveries seen dropping a fourth consecutive month
- Fiat Chrysler, Honda seen posting biggest sales declines
An astonishing 84 month loan offered by the following credit union. Membership is available to those who live, work, worship or attend school in Lehigh or Northampton counties.
Short the automakers and take a deep breath and Short TSLA: will be affected by the 5%-30% or more downturn.
TSLA comparable to The Great Gatsby. 53,000 Model S and X Being Recalled – 63% Manufactured in 2016: TSLA SUED OVER AUTOPILOT FEATURE, according to Bloomberg.com. According to SeekingAlpha.com, Tesla says the first Model 3 cars will go to “employees, investors and what not” so that “we can experience any challenges before our customers do.”
- The Palo Alto, California-based company has said it’ll begin building the more affordable Model 3 in July and has predicted its annual output could soar to 500,000 vehicles by 2018. This sounds like hubris to the author of TheShort.Top, after you look at “Plunging Demand” graph below:
- James Rickards, guest commentator on CNBC and author of The New York Times bestseller:
says we have been in a Depression since 2007 and low GDP and jobs numbers (a paltry growth of 98,000) indicates we are sinking lower. Also, attributing to the downward spiral is the UK withdrawing from the European Union, as reported by The New York Times, leaving contention between France and Germany and historical grudges.
- James Rickards, guest commentator on CNBC and author of The New York Times bestseller:
- In addition to production targets, Tesla has to maintain a gross margin of at least 30 percent for four straight quarters. In the four most recent quarters, the company has posted results ranging between about 19 percent and 28 percent, for CEO, Musk, to receive stock options, according to Bloomberg.com.
Hyundai Ioniq Blue – 59MPG
Ford F-150: Best selling truck in 40 Years. Also, higher MPG boosted by use of AA.
SQQQ – UltraShort NASDAQ, which was down 0.53% today: The Trend is Your Friend
SDS – Contrarian Play Close to its 52-week low of $13.06: UltraShort S&P 500, which was down 0.68% today.
According to Bloomberg.com, Automobiles glorified in the latest movie this weekend, The secrets of the insane car scenes in Fate of the Furious. The eighth installment of the Fast and the Furious franchise, released in theaters this weekend, sees a Lamborghini on ice, a Corvette Stingray on two wheels, and a Dodge Demon. We found out how director F. Gary Gray made what will be the most epic car movie of the year.
Automakers sold roughly 17.6 million vehicles in the United States in 2016—a record—but the sales tally for 2017 is coming in about 5% lower, so far. Wall Street analysts have warned that automakers may have to deepen discounts to keep the metal moving. Shares of General Motors (GM), Ford (F) and Toyota (TM) are down this year, even with the broader market up.
But as slowdowns go, this is a good one. “The industry has plateaued at a historically high level,” Ford CEO Mark Fields tells Yahoo Finance in the video linked. “We’re down, but still relatively healthy.”
GM Idled Shifts in 5 Plants in January.
According to Bloomberg.com, Ford Fusion: down 37 percent. Chevrolet Malibu: down 36 percent. Toyota Prius: down 29 percent.
As those grim numbers suggest, the U.S. auto industry was blindsided last month by just how fast sedans have fallen out of favor with Americans now embracing roomier sport utility vehicles. Family-friendly crossovers may be more profitable, but the quick shift is causing headaches. According to the author of this Blog, SUV sales surge will start to cause strange brew in demand for Crude Oil and eventual spike in retail Gasoline prices, up 15% Y over Y.
“I’ve been expecting a slowdown for a while,” said Morningstar Inc. analyst David Whiston. “It shouldn’t be a surprise. Once you hit peak sales, it seems like you only have bad news ahead.”
In Memory of Francis Scott Key Fitzgerald (September 24, 1896 – December 21, 1940, author of The Great Gatsby, considered his masterpiece posthumously. In the 1920s, Fitzgerald became friends with many members of the American expatriate community in Paris, notably Ernest Hemingway.
Fitzgerald began working on his fourth novel during the late 1920s but was sidetracked by financial difficulties that necessitated his writing commercial short stories, and by the schizophrenia that struck Zelda, his wife, in 1930.
During this time while Zelda was hospitalized, Fitzgerald rented the “La Paix” estate in the suburb of Towson, Maryland to work on his latest book, the story of the rise and fall of Dick Diver, a promising young psychiatrist who falls in love with and marries Nicole Warren, one of his patients. The book went through many versions, the first of which was to be a story of matricide. Some critics have seen the book as a thinly veiled autobiographical novel recounting Fitzgerald’s problems with his wife, the corrosive effects of wealth and a decadent lifestyle, his own egoism and self-confidence, and his continuing alcoholism. Indeed, Fitzgerald was extremely protective of his “material” (i.e., their life together). When Zelda wrote and sent to Scribner’s her own fictional version of their lives in Europe, Save Me the Waltz, Fitzgerald was angry and was able to make some changes prior to the novel’s publication, and convince her doctors to keep her from writing any more about what he called his “material,” which included their relationship. His book was finally published in 1934 as Tender Is the Night. Critics who had waited nine years for the followup to The Great Gatsby had mixed opinions about the novel. Most were thrown off by its three-part structure and many felt that Fitzgerald had not lived up to their expectations. The novel did not sell well upon publication but, like the earlier Gatsby, the book’s reputation has since risen significantly. Fitzgerald’s alcoholism and financial difficulties, in addition to Zelda’s mental illness, made for difficult years in Baltimore. He was hospitalized nine times at Johns Hopkins Hospital, and his friend H. L. Mencken noted in a 1934 letter that “The case of F. Scott Fitzgerald has become distressing. He is boozing in a wild manner and has become a nuisance.”
In 1926, Fitzgerald was invited by producer John W. Considine, Jr., to temporarily relocate to Hollywood in order to write a flapper comedy for United Artists. Scott and Zelda moved into a studio-owned bungalow in January of the following year and Fitzgerald soon met and began an affair with Lois Moran. The starlet became a temporary muse for the author and he rewrote Rosemary Hoyt, one of the central characters in Tender is the Night, (who had been a male in earlier drafts) to closely mirror her. The trip exacerbated the couple’s marital difficulties, and they left Hollywood after two months. In the ensuing years, Zelda became increasingly violent and emotionally distressed, and in 1936, Fitzgerald had her placed in the Highland Hospital in Asheville, North Carolina.
Although he reportedly found movie work degrading, Fitzgerald continued to struggle financially and entered into a lucrative exclusive deal with Metro-Goldwyn-Mayer in 1937, that necessitated him moving to Hollywood, where he earned his highest annual income up to that point: $29,757.87. He also began a high-profile live-in affair with movie columnist Sheilah Graham. The projects Fitzgerald worked on for the studio included a never filmed draft for Gone with the Wind, and revisions on Madame Curie, for which he received no credits. He also spent time during this period working on his fifth and final novel, The Love of the Last Tycoon, published posthumously as The Last Tycoon, based on film executive Irving Thalberg. In 1939, MGM terminated the contract, and Fitzgerald became a freelance screenwriter. During his work on Winter Carnival, Fitzgerald went on an alcoholic binge and was treated by New York psychiatrist Richard H. Hoffmann.
From 1939 until his death in 1940, Fitzgerald mocked himself as a Hollywood hack through the character of Pat Hobby in a sequence of 17 short stories, later collected as “The Pat Hobby Stories,” which garnered many positive reviews. The Pat Hobby Stories were originally published in Esquire between January 1940 and July 1941, even after Fitzgerald’s death. US Census records show his official address at this time to be the estate of Edward Everett Horton in Encino, California in the San Fernando Valley.
Among the attendants at a visitation held at a funeral home when he passed away was Dorothy Parker, who reportedly cried and murmured “the poor son-of-a-bitch,” a line from Jay Gatsby‘s funeral in Fitzgerald’s The Great Gatsby. His body was transported to Maryland, where his funeral was attended by twenty or thirty people in Bethesda; among the attendants were his only child, Frances “Scottie” Fitzgerald Lanahan Smith (then age 19), and his editor, Maxwell Perkins.
CONTENT ATTRIBUTION –
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