Browse > Home / Economy, Markets / Cash for…. Appliances. Really?

Cash for…. Appliances. Really?

August 26, 2009 11:05 am

Now that the Cash for Clunkers plan has been so successful (at least at helping to pump GDP) we are in for Part 2…. Cash for Appliances. No need to trade in anything it appears…

Will this be used to pump up DURABLE GOODS and thereby the GDP again? So, GDP could be said to be moving higher on direct government infusions. Is that a good thing? YES and NO….

We need to see non-stimulative buying and consumption in order for the recovery to take hold. Take a look at this video clip…

What do you think about this? Waste of money or smart move?

Visit msnbc.com for Breaking News, World News, and News about the Economy

Be Sociable, Share!

Sorry, No Related Posts.

Disclosure: This material is provided for information only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. This material is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters, needs or financial situation, and therefore is not a sufficient basis alone on which to base an investment decision. Horowitz & Company clients may hold positions (long or short) in investments discussed.
Please click for detailed disclosures and additional information about our stock ratings and scoring.

Written by Andrew Horowitz · Category(s) Economy, Markets    |  Tags: •   

9 Responses to “Cash for…. Appliances. Really?”

  1. Jon on August 26th, 2009 5:45 pm

    Let's put money toward a smart GRID first please.

    Who makes the money on Refrigerators? Are they even made in the US anymore?

    Not sure what to think of the whole thing anymore. Simply BS. Can't we just let an economy go into recession? What is so bad about letting a business cycle be a business cycle.

  2. plin on August 26th, 2009 6:48 pm

    Wow, first we have cash for home owners with the purchase of the mortgage securities by the Feds. Next we have cash for clunkers for the auto industry and now we are going to have cash for appliances? No wonder the projected Federal deficit is 9 trillion dollars in ten years. (Not to mention the overhaul of health care, which always come out to be more expensive than projected).

    So my question to you Andrew, what are some of the best investment during times of stagflation?

  3. Andrew Horowitz on August 27th, 2009 2:33 am

    Sears and whirlpool
    Gold and tuna fish

    A

  4. Andrew Horowitz on August 27th, 2009 3:03 am

    Amen brother

  5. Mikey on August 27th, 2009 11:20 am

    Where is Ev Dirksen now when we need him (and 534 other like-minded congresscritters)?

  6. oyz79 on August 27th, 2009 5:02 pm

    Join my cash for VHS campaign!

    http://scottsinvestments.blogspot.com/2009/08/car…

  7. David Hughes on August 30th, 2009 4:34 pm

    I'm kind of torn between this new program – "Cash for Clunker Appliances", as (i) I really want to replace at least 2 old appliances of mine, and (ii) I'm not sure if this is the best way to stimulate our local economy. I guess time will tell… I wonder if we'll see any positive affects from the "Cash for Clunker Autos" program.

  8. Guest on August 30th, 2009 10:37 pm

    The Federal Government reported sales by drivetrain rather than nameplate which is the common practice in the industry. The results are as follows.
    Government Stats: 1
    1. Toyota Corolla
    2. Honda Civic
    3. Ford Focus FWD
    4. Hyundai Elantra
    Edmonds report by nameplate:
    1. Ford Focus
    2. Ford Escape
    3. Honda Civic
    4. Ford F-150
    5. Toyota Corolla
    I guess they don't people to think that anyone would want a truck.

    The report is below
    http://www.autolinedetroit.tv/journal/?p=5496&amp…

  9. Durables and Spending: Stuck and Rolling Over : The Disciplined Investor on November 27th, 2009 1:46 pm

    [...] hand… Durables have begun to roll over on a monthly basis again. Holiday shopping along with Cash-for-Appliances should provide a boost when that program actually goes into effect. Otherwise, it does not look [...]

Got something to say?