WHAT Recession?! Ferrari kills in '08

ferraripete · Feb 11, 2009

TommyFerrari said: ↑

People act like the sky is falling. I don't understand the panic.
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detached.

Artvonne · Feb 11, 2009

TommyFerrari said: ↑

People act like the sky is falling. I don't understand the panic.
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Are you serious?

TommyFerrari · Feb 11, 2009

JR. said: ↑

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many americans, including some ferrari and exotic car owners, have been living beyond their means. the cars and some of the other luxury items that we have purchased are not a necessity, therefore when times get rough, they are the first things to be sold or not purchased. (personally, i am not selling anything, i am buying)

it is simply supply and demand. with high supply and reduced demand, prices can only go down.. oil, cars etc.

we are seeing the effects of spending more money than we have (collective we) , a severe housing bubble (including putting people in homes who couldn't afford them) poor direction and management by politicians and ceo's and .... LOTS of greed.

speculation is when buyers assume prices are going up.. but when the music stops, there are NEVER enough chairs for everyone.

these are very interesting times and i am anxious to see how Ferrari addresses the future. their plan to ramp UP production in a substantial way only to have the economy take a dump makes for a change in corporate philosophy. The large profits that Ferrari and Porsche etc. have made in the past are going to look very good for a while.

we live in a global economy and loss of jobs affects everyone, even Ferrari. for those who can't make their mortgage payment or car payments, the sky may not be falling but it is certainly dark.

does this stimulate any thought processes? http://www.youtube.com/watch?v=pD8viQ_DhS4&e

from CSPAN - 1/22/09: Rep Paul Kanjorski Reviews the Bailout Situation

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This is a great buyers market! The people who worked and saved are being rewarded with lower prices. I understand some people purchased more than they can afford, but this is not as bad as the newspapers make it sound. There are jobs out there. There are bankrupcy laws. Have hope and be positive! The panic and hysteria will cause more problems than trully exist.

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WHAT Recession?! Ferrari kills in '08

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