December 2008

Global Economics and Local Tomfoolery

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The headlines have been relentless. "Dow plunges another 600 points." "Consumer confidence slips again." "Banks in every country facing liquidation."

Those of us who have been around the collector car market for a while can't help but think of the crash of 1987, which started the flow of funds into the collector car market. The trillions of dollars being pulled from stock markets around the world today will be put somewhere, and it's not unreasonable to think that some portion of it will go toward old cars.