Posts Tagged ‘automaker’

Toyota And Lexus Vehicles Are Unsafe

Timothy warned me about Toyotas several months ago, and this is his previous article with updates in the comments at the very end – scroll down. See also my previous article, M-m-m-my Toyota - featuring my first attempt at song writing, for my car of all things (thankfully not on the recall list!!).  It goes to the tune of My Sharona.  (Okay, I had some time on my hands.)

Timothy was subject to one of my interviews back in October, in case you missed it.  - Ilene   

Toyota And Lexus Vehicles Are Unsafe

toyotaCourtesy of Timothy D. Naegele[1]

All Toyota-produced vehicles sold in the U.S. today—including Toyota cars and trucks, and Lexus automobiles—are unsafe.  It will take years before new models roll off the company’s assembly lines that are completely safe.  Also, millions of Toyota vehicles are on American roads already that are unsafe to drive.  Any recent-vintage Toyota product, model years 2002[2] and later, potentially can turn into a runaway vehicle at a moment’s notice.  Driving one or being a passenger is like playing Russian roulette.  Query whether Americans, especially young families with small children, will trust their lives to Toyota?

Tragically and irresponsibly, the company has lied for years and it is lying now.  First, Toyota claimed it was a floor mat problem.  Next, the problems were related to the accelerator pedal[3]; and on and on the company’s lies go.  Toyota has had 10 years to investigate these issues, and determine and implement solutions, but its management has lied repeatedly and it is still doing it.  The runaway vehicle safety problems, which are confronting the giant automaker, are of a magnitude equal to or greater than those that brought down the storied Firestone tire brand, and the same thing may happen to Toyota.  Every American needs to read about runaway Toyota-produced vehicles.  The facts are sobering.

Toyota Suspends Sales And Production Of 8 Models Involved In Recall

After the sudden-acceleration problems surfaced in Toyota and Lexus vehicles, the National Highway Traffic Safety Administration said “more motorists have died in Toyota vehicles associated with sudden acceleration in the last decade than in cars made by all other manufacturers combined.”[4] Consumer advocate Ralph Nader’s trail-blazing and Herculean efforts helped launch the automobile safety movement.  His speeches and writings on behalf of Americans (see, e.g., “Unsafe at Any Speed”) helped expose


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Toyota And Lexus Vehicles Are Unsafe

If you missed my recent interview with the outspoken D.C. attorney Timothy Naegele, it’s here.Ilene

Toyota And Lexus Vehicles Are Unsafe

Timothy D. NaegeleCourtesy of Timothy D. Naegele[1]

All Toyota-produced vehicles sold in the U.S. today—including Toyota cars and trucks, and Lexus automobiles—are unsafe.  It will take years before new models roll off the company’s assembly lines that are completely safe.  Also, millions of Toyota vehicles are on American roads already that are unsafe to drive.  Any recent-vintage Toyota product, model years 2002[2] and later, potentially can turn into a runaway vehicle at a moment’s notice.  Driving one or being a passenger is like playing Russian roulette.  Query whether Americans, especially young families with small children, will trust their lives to Toyota?

Tragically and irresponsibly, the company has lied for years and it is lying now.  First, Toyota claimed it was a floor mat problem.  Next, the problems were related to the accelerator pedal[3]; and on and on the company’s lies go.  Toyota has had 10 years to investigate these issues, and determine and implement solutions, but its management has lied repeatedly and it is still doing it.  The runaway vehicle safety problems, which are confronting the giant automaker, are of a magnitude equal to or greater than those that brought down the storied Firestone tire brand, and the same thing may happen to Toyota.  Every American needs to read about runaway Toyota-produced vehicles.  The facts are sobering.

After the sudden-acceleration problems surfaced in Toyota and Lexus vehicles, the National Highway Traffic Safety Administration said “more motorists have died in Toyota vehicles associated with sudden acceleration in the last decade than in cars made by all other manufacturers combined.”[4] Consumer advocate Ralph Nader’s trail-blazing and Herculean efforts helped launch the automobile safety movement.  His speeches and writings on behalf of Americans (see, e.g., “Unsafe at Any Speed”) helped expose and remedy auto safety defects.  Today he believes: “[The NHTSA] is a broken agency that has to be rebuilt.”[5]

The Los Angeles Times’ fine investigative reporters have been shining light into the dark recesses of Toyota—notwithstanding the company’s massive cover-up that has spanned a decade so far.[6] Rather than attempt to distill the wisdom contained in the Times’ articles, the links to the most recent ones are set forth below.  I encourage you to read them carefully now and in the future, especially if you are…
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Oops: “Pulled Forward” Demand Really IS False!

Oops: "Pulled Forward" Demand Really IS False! 

cash for clunkersCourtesy of Karl Denninger at The Market Ticker

"I told you so"

Sept. 16 (Bloomberg) — Chrysler Group LLC, the U.S. automaker run by Fiat SpA, said nationwide industry sales are off 19 percent so far this month after a government purchase- incentive program ended.

“We are going to see harsh reality in September,” Sergio Marchionne, the chief executive officer of Fiat and Chrysler, said at the Frankfurt Motor Show. He described the U.S. industry results as a “disaster.” Fritz Henderson, CEO of General Motors Co., said the market is “very weak” this month.

Disaster eh?

But but but I thought all those "cash for clunkers" buyers were people who wouldn’t have bought a car otherwise?

Looks like that was a load of BS out of the administration…. just like all the other so-called "stimulus" programs.

Just another example of pulling forward demand, which works exactly once per application, but then leaves a gaping, sucking hole where demand would have been in the subsequent months.

PS: Expect them to try some sort of BS similar with the expiring "Home Clunker" $8,000 rebate program that is ending in a couple of months.  The two problems with it are the same as the problems here – the consumer is tapped out and can’t afford to buy (witness the FHA default rates in excess of 20%!) and those who DO buy anyway find themselves in a financial position they cannot really afford and didn’t think through.

In addition you further drain the demand pool and thus when the "stimulus" ends (and all must eventually end) you find yourself with no real buyers left!

All this faux "demand" being generated by the so-called "stimulus" is just doing more damage to the economy – damage that is accruing and will come to the surface with devastating effect.

 


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Kimble Charting Solutions

Japanese YEN testing triple breakout level

Courtesy of Chris Kimble.

Below looks at the Japanese Yen over the past 20-years.

For the majority of the time, the YEN has remained inside of rising channel (A). Now a big test is in play, after breaking support.

CLICK ON CHART TO ENLARGE

The Yen remained inside rising channel (A) from the mid 1990’s until 2014, where it broke below rising support. The rally that has taken place since the lows ...



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Zero Hedge

Core Durable Goods Orders Contract For 20th Straight Month - Longest Non-Recessionary Streak In US History

Courtesy of ZeroHedge. View original post here.

In the last 60 years, the US economy has never suffered such a long contraction in core durable goods orders (20 months) without officially being in recession.

It's probably nothing... US Durable Goods New Orders Ex Transports YoY down for the 20th straight month...

Headline (short-term) data beat thanks to notably lower revisions.

  • Durable Goods Orders unchanged MoM (exp -1...


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ValueWalk

Front-Running the Economist

By Guest Post. Originally published at ValueWalk.

By Greenwood Investors

Also see Greenwood Investors on EXor Greenwood Investors on EXor

In early July, Steven gave a presentation at the Value Investing Seminar in southern Italy, where he talked about the current investing climate which is stranger than fiction. Given today’s investment environment looks like a wonderland which only Lewis Carroll could have imagined prior to the most recent decade, the title of the presentation was Through the Quantum Glass, in deference to his great work Through the Looking Glass. 

 

...



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Phil's Favorites

Robots Will Soon Take Over Building London Skyscrapers Says CEO of Large UK Construction Firm

Courtesy of Mish.

Alison Carnwath, chairman of one of the UK’s largest construction firms says the Era of Robots is at hand.

Thousands of builders will lose jobs as machines take over building London skyscrapers.

Skyscrapers in the City of London could soon be built by robots rather than by people, according to the boss of one of the UK’s biggest construction firms.

The result would be huge productivity gains as more work could be done by fewer people – but also mass layoffs as traditionally labour-intensive construction projects hire fewer and fe...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Japan Shares Drop as More Than Half the Topix Trades Ex-Dividend (Bloomberg)

Japanese shares fell as more than half the companies on the benchmark Topix index traded without the right to the next dividend payment.

The Story of Post-Brexit Britain, In Charts (Bloomberg)

The surprise vote in favor of the U.K. leaving the European Union on June 23 unleashed shockwaves across the global economy, wiping trillions off the value of global assets. The referendum reshaped the British political landscape, and genera...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Saturday, 26 March 2016, 02:36:15 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: ZH: Its a BULLARD market, the FED jaw boning is keeping the market up!



Date Found: Sunday, 27 March 2016, 02:31:30 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: RTT: World trade near 2008/09 lows. SP500 near all time highs. PLACE YOUR BETS! Roll up! Roll up!



Date Found: Tuesday, 29 March 2016, 02:42:11 PM

Click for popup. Clear your browser cach...



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OpTrader

Swing trading portfolio - week of September 26th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Members' Corner

Market Liquidity and Macroeconomic Bullshit

 

Market Liquidity and Macroeconomic Bullshit

Courtesy of The Nattering Naybob

STJL - "Apparently macroeconomics is all bullshit – ROFL! Paging Naybob now… Famous Economist Paul Romer Says Macroeconomics Is All Bullshit."

The Nattering One muses... Macroeconomics as practiced by academics and those in charge is pure voodoo. Better to chant over goat blood, bird feathers and scattered entrails...

As for reality, overnight CNH HIBOR (...



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Mapping The Market

Here's a Cautionary Tale of Pension Privatization From Chile

Via Jean-Luc:

"When you let the free market take over, the little people get screwed and bankers get rich. Chile tried privatizing retirement plans and surprise, surprise, fund manager ate the profits… Pretty sure the results would be the same here..."  ~ Jean-Luc

Here's a Cautionary Tale of Pension Privatization From Chile

By KEVIN DRUM, Mother Jones

Among free-market fans, Chile's privatized pension plan has long been held up as a model for us to follow. The problem, as the Financial Times notes today, is ...



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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.

...



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Biotech

Epizyme - A Waiting Game

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

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