[lbo-talk] revisiting the FROP and the Brenner hypothesis

[Philip Pilkington]

>
> Now we have a highly overinflated 2nd hand car market with high quality
> cars being worth almost nothing. A perfectly functioning low-mileage 1997
> BMW 5-series, for example, worth about €6500 - €7500 a year and a half ago
> would now, if you were lucky fetch maybe €3000 - €4000.
>
>
>

A news story today which will highlight my point beyond anecdote:

http://news.bbc.co.uk/2/hi/business/7989583.stm