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Opinion Kilcrohane's view of the Automotive Industry and Global Economy. Part Deux.


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If John Lewis is in the brown stuff, what about that other great touchstone of the Home Counties/Middle England - Range Rover, sorry, JLR?:

www.ft.com

Live news updates from September 15: Russia acknowledges China’s Ukraine war concerns, US averts rail strike

www.ft.com www.ft.com

We were told by the experts that this was the opposite of what was happening - flight to quality, to treats, indulgences etc, instead of takeaways, going out to restaurants - fine dining indoors - or fire pits at home, getting smashed, with friends, on very expensive JL garden furniture, and Waitrose wines, etc, etc

Nope. Total BS, and of course they knew - paid to say it, write it.

They were paid to do it - to say 180 on the truth - because the situation was so bad.

The plebs' palaces, Aldi and Lidl, are packed. Middle England is shopping there. Horrible hellholes.

Waitrose is famous for Duchy organic. Charlie boy better read the runes, His core support, the Duchy buyers, Waitrose/JL customers, are hurting.

The stereotype of the Range Rover in the Waitrose carpark, and the JL catalogue at home on the coffee table, are becoming as endangered as a popular monarchy, headed by a charismatic little old lady, and not a cranky, crank, petulant old-man child.
 
'Pound sinks even lower as retail sales slump'

www.telegraph.co.uk

Russian economy won’t recover from Ukraine war ‘until 2030s’

Russia’s economy won’t recover to pre-war levels before the end of this decade as it reels from Putin’s invasion of Ukraine and ensuing sanctions.
www.telegraph.co.uk www.telegraph.co.uk

- '-1.6%' - yeah, sure.

1.6% is itself a huge fall, for a country where there's thousands more mouths to feed each day - real population rising at least 1.5 million a year - at least pre the Jab.

So that makes per capita around (-)2%.

ONS's job is to lie, boil the frog, not scald it, and send it flying out of the pan. Real inflation, in food above all, for plebs, is at least 40% at the moment - eggs, milk, butter, bread, fruit, going up almost every day.

Factor that in, not the ridiculous 9.9% CPI, and the volume of sales, not the value of sales, is falling like a stone - down around 5%, at least - in ONE month.

That's huge. Wait until September, and real new car (non) sales. SMMT will lie, like ONS, but September, '72', is a disaster, far worse than 2008-9, and 'Covid' 2020/21.

In the good times, especially 2002-2008, 2012-2017, around 500k cars were sold in this month, for a value of around £15 billion. Real sales in this September will be around 200k - so at least £10bn knocked off UK retail sales.

This is why the Funeral is being played up so much - these people don't give a fig about the little old lady, or the Royal Family - they are nearly all champagne socialists, who consider themselves 'intellectuals' - something in the media, read/write books, and don't have to worry about money.

But they know their £5/10m west/north London properties rely on the myth of UK being wealthy, or at least solvent. Telling the 99% plebs that the UK 'economy' has crashed, gone off a cliff, especially after the distractions of the Jubilee and the Women's football thing, with the comedown in August, as the reality of relentless rises in food and coming energy bills started to hit, would sink their 'wealth' too - house prices, their BTL/property portfolios.

That's ALL they care about - themselves, and their house values.

Raising the base rate is the act of lunacy - the UK economy is contracting at the fastest rate ever - outside of the Covid psy op. No furlough this time, though.

This is the rug pull - a crashed, in huge depression economy, stamped into the ground by massive rises in interest rates - to smash, pull the rug from under the housing bubble/Ponzi - finish off the plebs.

A1 property, in central London won't be touched - will rise in value. Just like cars over £250/300k are all sold out - the 0.1/0.01% are getting richer and richer - the WHOLE point of this.
 
Why do UK houses cost so much?

Mass immigration and White flight? - 18:35:

'No sane country allows mass immigration like this' - say that in UK, and Plod will arrest you - Hate Speech.

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- it was deliberate, in the US and UK (and Ireland) - replacement of White people - the indigenous people, who have lived in Ireland at least since the last Ice age - ~10,000 years. Why are the Aboriginals in Australia so regarded, but not White people in the British Isles, or from the one island that never had any colonies or empire?

£1 million hovels in nowhere London were designed to take your country away from you.

Those buying near the top, or even since the last somewhat crash, in 2008-10, who fell for this three card trick, played the system, will now be burnt - a burnt offering.
 
BBC none too subtly trying to tell its idiot consumers that it was rain that caused UK consumption to fall off a cliff:

1663323841963.jpg


- er, except August was the driest month on record in England.

www.bbc.co.uk

Pound hits new 37-year low as retail sales slide

Weaker-than-expected sales figures send sterling lower as fears grow for the strength of the economy.
www.bbc.co.uk www.bbc.co.uk

- they know their consumers are idiots - why else would you follow the BBC - and have the memory of goldfishes, so because it rained in London/S. East over the last couple of weeks, they pull this stroke.

They'll do anything to stop their house prices/rental portfolios falling over - coming back down to where they should be - terrace houses crumbling into dust in outer London 'worth' nothing - upkeep, maintenance exceeding value.

Take away the 'refugees/asylum seekers' on housing benefit, and you have no 'housing/rental market'.

The egalitarian Swedes have seen the light - immigration is a blight, a disaster, not a boon, blessing, so when will the supposedly more right wing Brits see it?

If you want to stop being Generation Rent, but Generation Own, man up, and speak truth to power - immigration is a racket, a machine to make the 0.1% even richer. It has to stop, and scummy BTL landlords ostracised - made to get a job to get a living.
 
$1.1`3 - and Truss the space cadet still has to formally announce spaffing the best part of 200,000,000,000 fake pounds into the pockets of Shell, BP, and her hedge fund backers, donors in Mayfair, that have made massive, now margin-calling bets on energy - up to $1.5 trillion in underwater 'financial instruments' - derivatives, casino bets by scum spivs, who never pick up the losses, because they're posh, with titles, good families, top schools.

'Sterling fell more than 1% against the dollar to $1.13, its lowest since 1985'

- this of course means the greedy petrol retailers will yank up the price of petrol and diesel again, back towards £2/litre, with the excuse of the pound's weakness against the dollar, ignoring the near collapse of crude oil price.

A real govt would stop this racketeering - there is no competition - even the supermarket filling stations are now in lockstep with ordinary retailers - screwing the motorist. Supermarkets are making massive losses on the grocery side, due to having to pay much more out to suppliers, crashing volumes of sales, and so are making it back by hiking up the margin on their fuel sales, hence the end of supermarkets always being a good bit cheaper.

Truss the turkey would make this a day-one priority, an easy hit, with the public, but of course she's ex-Shell, and in the pockets of these cartels, and the Mayfair hedge funders.

Had enough yet?
 
FedEx was the 1980s to to-date 'economy' - mindless people being programmed to buy mindless shit, at ever increasing rate:

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

The hamsters have fallen off the wheel. The stimulus of ''Covid' put some life into the corpse temporarily. Furlough in the UK did the same.

There is no economy in the US, or UK - not ones that will support real 350 and 80 million people.

The 'markets' are dumb as rocks. Do they really believe this is a downturn, a recession, 2/3/4 quarters, and then back to moderate growth?

The trapdoor has been opened, and the bottom of these 'markets' gone. These 20 and 30-something 'masters of the universe' on Wall St and in The City, think this is Trading Places, where the market has been shorted, the market exists, but some have inside knowledge.

No. There is no market, never was since at least junk bonds and the like in the Greed is Good 1980s. The plunge protection team, and all other managements of a supposed market, have been there formally since at least the collapse of LTCM in 1998, and then of course the printing presses left permanently on since 2001, to deal with the 'terrorist attack' in NYC.

These traders are just greedy fools, where greed has been the key to their 'success' - never betting against the printing presses of the central banks. Now, that's all changed - presses switched off, broken to pieces, and interest rates a lla 1980, all to pull the rug from these fake markets - The Great Reset.

The latest false flag by the midget penis player in Ukraine - a mini Katyn - blame it on the Germans/Christian Russians, where tens of thousands/hundreds are butchered by Bolshevik/modern Bolshevik psycho scum - is to get the plebs to believe these collapsing markets, and their 'economy' disappearing overnight, are all due to Putin, with whom we must now go to war, to stop another 'Most Evil Man in History' Hitler.

yep:

Europe is self immolating and the FTSE is only 5% off its all time high.

20200822_211521.jpg

Misesmissesme

1 hour ago

Wile E. Coyote has gone off the cliff. Just wait until he looks down.

picture-182748.jpg

manofthenorth

1 hour ago

Maybe when the GBP/USD reaches parity is when they realize it is over.
I wonder when the peasants get over their love of the monarchy and start building scaffolds.

- still want that 'bargain', flipped £80k secondhand Defender - 'beat the waiting list'?

This is gonna be epic.

Breaking News - the pound will be buried at Westminster Abbey at 11 am on Monday 19th September. Internment in the nearest flush toilet to follow - family only.

FedEx - reminds of the old 'I couldn't give a XXXX for any other lager'.

The 'world economy' - "free-market capitalism"(cronyism, printed free money for the 0.01%, and their 1% lackeys, buying up every valuable asset) is XXXX'ed

1663338557396.jpg
#

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

- the rug pull, aka Great Reset, aka, you, pleb, will own nothing, and be happy, ...or else.
 
Autotrader and Pistonheads are doing this to the UK car market - making the gullible believe their cars are valuable - tens of of thousands of unsold cars:

39 minutes ago
(Edited)
remove
link
I have a sister who is a real estate broker in Nevada. She says that zillow rigs the numbers on houses. Zillow has bought up a huge amount of real estate. So it is in Zillows best interest to pump up property prices on their website. Even if they don't own all the houses in any particular area. If others go down, zillow can't compete and looses money. So they pump all.
She has clients who have houses that aren't selling. She tells them to lower their price but they won't because they go on zillow and see a fake price value for their house.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
How insane is the UK car market?:

BMW 3 Series E46 [98-06] cars for sale - PistonHeads UK

Looking for a BMW 3 Series E46 [98-06]? Find your ideal BMW 3 Series E46 [98-06] from top dealers and private sellers in your area with PistonHeads Classifieds.
www.pistonheads.com www.pistonheads.com

- ~6x real value.

'For sale 2004 bmw e46 320D Msport 6 gear manual,cruise control,sat nav,ace cold airconditioning,electric windows and mirrors,3 keys,leather seats,CD changer,multifunction steering wheel.
Amaising car no rust,no dents,no scrathes'

I'd be 'amaised' if this rocket scientist - UK 'Space Centre' down the road in Vibrant Leicester - sells this 'classic' at all.

No one cares about ancient 320d scrap-value Bimmers. But it shows how deluded UK still is . The biggy of course is house values.

All those 'classic' -bang average - properties out there, for £500k-5m+, worth, like the car above, a fraction of that.

Truss to the rescue, with her trickle down - pay City bankers £4m/yr instead of £2m, and those hovels in outer London will not crash back to their real worth. La la land UK.
 
Same madness in Germany:

www.automobilwoche.de

Preise für Gebrauchtwagen stagnieren

Die Preise für gebrauchte Pkw steigen seit einigen Monaten nicht mehr, sondern stagnieren auf hohem Niveau.
www.automobilwoche.de www.automobilwoche.de

- 'stagnation at record high prices' = deluded/insane sellers, trapped with ridiculous "assets" + no one with cash to buy = No market.

Another round of interest base rate hikes by the ECB and BoE will unblock this foul logjam - race to the bottom, keep dropping prices before the "asset" is worth nothing/unsaleable.

Mass media propaganda - booming economies, record low unemployment, official inflation <10% etc - plus 13 years of minimal interest rates, have destroyed the average person's mind - unable to comprehend reality - "assets" are anything but, your 'property investment' is just a common or garden pile of turning to dust bricks and already dust mortar, and if new, jerry built rubbish riddled with faults, cheapest of materials, rabbit hutch "garden", etc..

Gonna be epic.
 
In other words, Ford got taken to the cleaners by China - CATL- wiping out profit on lower spec, maybe all, F-150 Lightnings. Moral of the story - EVs are only for the rich - and China is a cat toying with a mouse - western car makers:

'The company said that the rise in costs is partially a result of negotiations with a supplier that wound up running about $1 billion more than the company expected. '

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Henry Ford will be rolling in his grave. FoMoCo was ALL about controlling cost - through total vertical integration, from iron smelting, rubber plantations, to finished car - if you couldn't buy them, own them, you married them - Firestone.

Now, Ford is just a plaything, unable to control the by far largest cost of a car - the battery. Henry would have bought lithium mines 5 years or more ago, if he had to make these horrible EVs.

No wonder Ford is on a go-slow with delivery - "parts/chip shortage", every sub ~$75k Lightning they ship, they probably make up to $30k loss. Brilliant business plan.
 
This thing is what the UK shows to the world as our most important person:

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`

- sticking her on top of the Empire State must have been an in-joke with the advisers - 'she's a space cadet, so let's get her half the way'.

She's too thick to realise she's being sent up - literally - and laughed at.

How did this country come to this, a chucky doll, pull its string, speak your weight, old crone, mouthing not far off a halting word salad, like pre-, pre-senile dementia, thing?

Thatcher was barking, but at least had something. This is just animated plastic, with a bad battery.

Toss her off the building. No one would give a damn - least of all Mr(s) cucked Truss.
 
Truss , the latest puppet of the Mayfair hedge funders - Tory Party donors and conies - obviously wasn't 'cc'd' on the memo of the WEF's Great Reset, aka Rug Pull, or was just too stupid, or too disbelieving, that the 40 year ponzi, pyramid scheme in UK house prices, was over - with her pissing into the wind Stamp Duty cut:

'Bank of England to hike rates by 2 percentage points before end of 2022, sending mortgage repayments soaring'

inews.co.uk

Bank of England to hike rates by 2 percentage points before end of 2022, money markets predict

It comes as the US Federal Reserve is poised to implement the biggest increase in interest rates in 40 years
inews.co.uk inews.co.uk

Tory Scum and their backers ARE too stupid, too greedy, too incapable of processing, that the great scam of paying more and more for the same pile of dust and rubble - '£1 million London terrace villas' - is officially over.

They don't believe it; they can't believe it. 'What, work for a living? Not buy a property, and sell it for double in 3-5 years, AND charge £2,000/month rent to horrible plebs? Are you mad?'

The Tory Scum and the BTL Landlord class are in meltdown. They can't get their tiny, greedy, vile minds around the fact that the rug has been pulled from under them, and NOT the usual rug pull with the horrible plebs, that they do all the time.

Stamp Duty - the last resort of Tory Scum. Won't work this time, you evil, vile scum. f#ck off and get a job.
 
$5m/yr traders astonished that central bank continues to push rates up, at nose bleed rate, while real economy is a smouldering crater already - US house prices - just shows they're thick c***s, who knew nothing other than the Fed Put, the last 12/20 years:

'Tl;dr: The Fed hiked 75bps as expected but signaled a much more hawkish than expected future trajectory of rates (higher for longer).'

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

- next up, the BoE tomorrow. Cue more master of the universe muppet bankers on £1-5m/yr who are shocked, horrified, that rate goes up 75 bps - possibly 100 bps - to send the message to Truss and Tory Scum, that WEF Great Rugpull is the only game in town and the days of BTL landlording for MPs, Tory Scum, trash from public schools with no brains but greed, are done.

#MuppetSlaughter
 
If - when - Italy goes, The EU is sunk. Italians, Hungarians, Poles, Czechs, even the Dutch, have seen what this 'Democracy', 'Freedom', are about - soft Communism/Bolshevism - about to become the red in tooth and claw, 20th century version, with Von der Leyen's 'we have tools' threat to Italians.

www.bitchute.com

The people take down the EU flag in Rome and replace it with the Italian one.

www.bitchute.com

EU's gone. It's 1989/1990 all over again.

The only place, people, to not get the message is, are, of course, UK and Brits.

They worship 24/7/365 at the altar of Holy House Prices. That's all they care about. A million more migrants? - 'bring 'em in - they'll push up my hovel another £100k - sweet!'

When the EU goes down, in a matter of weeks, days maybe - first "cold snap" - the money-worshipping Brits will have their food cut off - Spain, Holland, the French ports etc. They think a hovel/BTL portfolio being worth another £100/500k will allow them to buy whatever they want, when they want, a whatever price is charged - they're rich.

Silly f'ing sods. #BringItOn
 
'it's gonna be epic':

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Paging fatboy Bailey - BoE 'governor'. Bailey can't govern his waistline, never mind anything serious.

These clowns 'job' was to pretend to be all serious, and guarding the currency.

He's probably in the bogs, having a meltdown, or lashing into the death by chocolate in the fridge.

The BBC led this morning with rain in the Philippines, and the 'far right' winning an election in Italy.

The BBC BTL landlords - their portfolios of hovels in London and holiday homes in the south west and east Anglia - are bricking it. Ignore it, and it might go away.

The UK 'economy' - housing/house prices - is in meltdown.

Fatboy Bailey needs to get off the bog, and do a Turkish Lira on the 'Pound Sterling' - Pound Tupperware - and raise rates 5% - 500 bps.

If he doesn't, which he should have down last Thursday, which started all this -- raised by 1%/100bps - UK is in Turkey territory.

If he does that, Chucky Doll and the Lagos Fraudster, will be defenestrated by 'The Tory Paty' - gang of Rachman landlords and Jersey/Gib offshore tax evaders/advisers - by the end of the week - they'll be ruined by interest rates at 20% for rock-solid mortgages, and house prices in freefall- no market,

If fatboy doesn't respond, with an emergency rate hike, the Pound Tupperware will be worth 80 cents by the end of the week - and there'll be emergency price hikes in fuel obviously, and food within a fortnight.

The country's f'ucked, whatever happens now. It's either death by:

- house price(fall), or
- hyperinflation, due to the plummeting £, or
- nuke annihilation by Putin

- take your pick.

I wouldn't be surprised to see scum BTL landlords jumping off roofs - their '£1 million' hovels - by the end of the week - their "businesses" ruined.

My heart bleeds. Whip round for the families left behind - 2 shekels.
 
This clown thinks it's about ($) debt:

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No, that car is the UK running into the brick wall of importing the majority of its food, energy, everything, costing minimum £1 trillion every year. We've effectively doubled that bill, in just 6 months or so - the £ will fall to well under $ parity.

The UK has to cut consumption massively. Food and energy will be rationed. La la land is over. The UK will live like eastern Europe countries under Communism, or Russia in the 90s - grinding poverty, people dying like flies, from cold, hunger, or just offing themselves - unable to face reality - that 'had an Empire UK' is sub-Argentina.

And then the real fun begins - Plod melts away. All those battle buses, tasers, armed response units are only as good as the people 'manning', using them. UK's under 40 yr old men are a joke - usually drug users/abusers, psychologically fragile or unbalanced, unable to deal with reality. The women plod will do what women do - act for themselves - I've got to do childcare'.

That paramilitary equipment will be useless. The gangs know it. The army will be deployed. Same story - drugs, weirdos, unfit psychologically to deal with reality - live their lives on media propaganda and buried in computer games.

#SurvivalOfTheFittest
 

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