Why we need trickle-UP

[snot]

www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die :

In the past several years, one of the topics covered in detail on these pages has been the surge in such gimmicks designed to disguise lack of demand and end customer sales, used extensively by US automotive manufacturers, better known as "channel stuffing", of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high. But did you know that when it comes to flat or declining sales and stagnant end demand, channel stuffing is merely the beginning?

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Houston...We have a problem!...Nobody is buying brand new cars anymore! Well they are, but not on the scale they once were. Millions of brand new unsold cars are just sitting . . . .

[Warpy]

1. That is utterly insane.

The same thing would be happening in the housing market minus the shadow inventory and lack of building going on.

When middle of the road chain restaurants like Red Lobster and Olive Garden are in trouble, you'd think that would have given the 1% a clue, but their hoarding has gotten so pathological it will wreck the whole country if the government doesn't grow a backbone and stop them.