cars

By Annaly Capital Management Existing home sales can’t go to zero, can they? They clocked in at 3.83 million on a seasonally adjusted annualized basis in July, down 27% from the prior year, half of the 2005 peak of 7.25 million and the…

By Annaly Capital Management. The initial estimate of 2.4% annualized real GDP growth in 2Q 2010 will likely be revised lower (probably to something with a 1%-handle, depending on who you ask) in light of new data for June that was worse…

If you read the Big Picture, you know that Barry Ritholtz is a big sports car fan. He even has the posts to prove it.  Here's what he wants for Valentine's Day: The thing is, I don't see Barry driving a 911 Hybrid any more than I…

So why did we rescue this institution with a massive bailout? Elizabeth Warren, who chairs the Congressional Oversight panel of the TARP program, doesn't understand any more than taxpayers do. This is another example of the malinvestment…

The car went to speeds over 90 MPH. This can’t be good. Watch Toyota shares fall. Update: This next video, released later, demonstrates that this was no Richard heine balloon Boy hoax. This man was scared for his life.

  If you’re wondering where these ridiculous, hare-brained comments are coming from, then watch this video and listen to Rick Santelli speak about predatory lending. The only one who acquits herself in this segment is Janet…

Toyota owners, you might try this next time and see if it works.

This comes from the up until New Year’s aptly-titled “News from 1930” website.  It’s now really News from 1931 as it chronicles news during the Great Depression from exactly 79 years ago to the day. US car and truck exhibitors at…

From Bloomberg: GMAC Inc., the home and auto lender, is discussing with the Obama administration an additional aid package of about $3 billion to $4 billion, according to a person familiar with the matter. The size of the assistance…

From the Guardian: General Motors announces closure of 62-year-old Swedish carmaker after collapse of negotiations with Spyker One of the most famous names in European motoring, Saab, is set to be consigned to automotive history…