Trade Alert: Oversupply and Lower Demand Hurts This Car Dealer’s Bottom Line

As consumers tighten their belts during the depression, stocks in discretionary sectors will fall. These discretionary purchases include automobiles.
Jim and Scott target the largest used car dealer in the U.S. as sales drop during a severe downturn along with credit losses due to overextended loans.

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Project Prophesy, and Crash Speculator. He is an American lawyer, economist, and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the rescue of Long-Term Capital Management L.P. (LTCM) by the U.S...

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