Testarossa Price Trends

Never seen u so depressed


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A depression is not merely a more severe version of a recession. That word keeps getting thrown around here rather excitedly, but there’s a big difference between the two. What we experienced a decade ago was actually a depression—albeit a short-lived one, due to the relatively quick reflexes and judgement of policy makers.

 

Yep, we are in a recession and headed into a depression but seems like about every analyst on CNBC is saying we are skipping the recession and going straight to the depression.

 

That’s not how it works. There are certain important antecedents that develop before reaching a depressionary environment, and those don’t happen in just a matter of weeks.

 

2008 was not a depression, the government bail out happened. It was a bad recession though. It lasted about 2-3 years and was followed with no recovery and little to no growth afterward. I'm not going to comment any further otherwise it would turn into P and R.

 

Locked in home schools closed everything closed what u call it party time lol

 

it's an expression LOL but yes, it's going to be accelerated this time around, no doubt.

 

What is your personal definition of a depression vs. a recession? I’m going by the ones reputable economists use.

 

I hear you. There’s the technical term and the colloquial one.

 

Guys, the US economy has suffered many recessions but only ONE actual depression. (The great depression of course).
Things are bad. Yes. But depression??
Hell no

 

The wise parnelli has spoken


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No, they don’t.

But that Diablo is the new comp every tool “in the market” will reference to slag off other cars in the market for a good while.

 

After the 10% premium, it's pretty well in line with sales I know of over the past 6 months for a 13k mile red GT. Good buy, not earth shattering.

And the black car sold a month ago was a 7k mile car......I assume that is the one you are discussing. And yes, someone overpaid for that one.

https://bringatrailer.com/listing/2006-ford-gt-15/

 

Exactly, respect for actually knowing what you are talking about. Hope you can get one in time, they are amazing cars.

 

You are half right—yes, no coordinated depressionary forces yet.

But there were other depressions. As you alluded to, it’s called the Great Depression, rather than simply the Depression, precisely because it’s not the only one. Similarly we got the Great Recession name to distinguish it from others, although the term had already been used decades prior.

 

Still here. Are you still "in the market???"

 

You're "special" too!!!

 

A recession is when your neighbor loses his job, a depression is when you lose your job.

 

scroll through the pics
https://rmsothebys.com/en/auctions/fl20/online-only--the-palm-beach-auction/lots/r0331-1991-lamborghini-diablo/870110

 

Lmao!

 

Yeah, the buyer may have overpaid! That car needs a lot of work.
That’s not a benchmark car for the market, no doubt.

 

Yikes, why did an auction house even bother with this? This has needs EVERYWHERE. It will take $40k just to get it to be a #3 car.

OTOH, it's nice to see a project car for sale....when I was shopping in 2012-14 there was lots of Diablos like this....I mean run down '99 Roadsters with $80k asks. Then when collectors caught on to how rare and desirable they are, they were snapped up and refurbished.

 

That car needs 100 to 150k

 

Even though you could, I wouldn't recommend it......this car will never be a #1 quality car even with $150k thrown in.....just put in $50k and have a #3 car you can have fun with. You would have $150k in it at that point and never lose money.....that's a good thing.