Thursday, October 03, 2013

Who Says the Economy is in Bad Shape? Not the One Percenters!


According to Reuters, "Daimler's luxury brand Mercedes-Benz sold the most cars in one month in its history in September.  It sold over 142,000 cars last month, a rise of 15.9 percent, driven by demand in China and the United States.  I guess the wealth-effect does work when it comes to the "One Percenters" of the economy who have been blessed with all the QEs of the Federal Reserve System. 

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