by Japan Automobiles
Every new Terios model has an outstanding equipment tally with the entry-level Terios 1.5 S featuring air-conditioning, power-steering, ABS with EBD, full-time four-wheel drive with centre diff-lock, driver, passenger and side airbags, three rear-seat three-point seatbelts, radio/CD player, four electric windows and reverse parking sensors. Expected to be the best-seller, the Daihatsu Terios 1.5 SX adds, for example, alloy wheels with 235/60R tyres, two-tone wheelarch extensions and side-skirts, roof rails, multi-information display, front fog-lamps, smoked 'privacy glass' for the rear side doors and rear window, leather steering wheel, electric windscreen de-icer and door mirrors and various AC sockets and load-restraint ties.
Source: DAIHATSU Terios japan car photos
15.10.09
Johnmauldin@investorsinsight.comQuarterly Review and Outlook – Third Quarter 2009 Ponzi Finance
The Federal Reserve reported that as of June 30, 2009 total U.S. debt was $52.8 trillion. Total U.S. debt includes government, corporate and consumer debt. Importantly, however, it does not include a few trillion in "off balance sheet" financing, contingent unfunded pension plans for corporate and state and local governments, or unfunded liabilities of the U.S. government for such items as Medicare, Social Security and other programs. Currently GDP stands at $14.2 trillion, so there is approximately $3.73 in debt for every dollar of output in the United States, a level unprecedented in our history (Chart 1). Normally, debt levels as a percent of GDP would be uninteresting and immaterial; however, the current level of debt is unique in two ways. First, the asset side of the balance sheet purchased by the debt is falling in price. Second, the money that was borrowed to purchase those assets was often fraudulently expended. Neither the borrower nor the lender really expected the debt to be serviced. Rather, each party expected the asset price to rise extinguishing the debt.
Source: Jutia Group
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