More Weirdness

Just in case you thought the economy wasn’t so bad, here’s real weirdness:  Used cars selling for more than new cars.  How can that be?

New car prices undercut used models

By John Reed, Motor Industry Correspondent

Published: April 8 2009 21:10 | Last updated: April 8 2009 21:10

In one of the most striking signs yet of the conflicting pressures buffeting the automotive industry, some new cars are now selling more cheaply than used vehicles.

A shortage of good-quality used cars combined with aggressive discounts offered on many new ones by retailers and manufacturers now mean that some new cars can be had for as much as £1,000 less than used ones in good condition.

And here’s more, Moody’s downgrading itself(?)

Moody’s downgrades Berkshire Hathaway

By Justin Baer in New York

Published: April 9 2009 00:41 | Last updated: April 9 2009 00:41

Warren Buffett’s Berkshire Hathaway lost its triple-A grade from Moody’s Investors Service, the very ratings firm in which the billionaire holds a 20 per cent stake.

More Weirdness

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s