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Cash for Clunkers: Fail This research is by Sheena Martin , Contributing Editor, Investment U Monday, Dec 7, 2009 On a surface, a title headlines from a much-vaunted Cash For Clunkers automobile module looks flattering good: Aug automobile sales were a top all year – a 26.5% spike from July’s figures. By a time a module finished upon Aug 24, it had accounted for 700,000 brand new automobile sales, value a sum of $2.8 billion. But I’ve got headlines for you: Aside from a short, pointy jar to a economy, a module done small difference. In fact, it flopped… Credit Suisse Chief Economist, Neal Soss, says during slightest a little of a purchases came from people who’d have transposed their cars in a entrance months anyway. So this wasn’t an enlarge in demand… it was only squeezed in to a tighter timeframe. In addition, what helps a single attention hurts another

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Cash for Clunkers: Fail