Thursday, September 04, 2008

Ride


White Horse Red Door

Lets ride out this storm. But this ride isn't going anywhere. Who is taking who for a ride? Flip open today's Straits Times and you will see economist predicting a bearish outlook, immediately followed by news that COE for small cars have plunged by 30% due to a lack of demand. Potential small car buyers are feeling the pinch of the softening economy. Will this move up the chain? COE for big cars have only fallen by 2% and Open Cat COE has risen by 2%. Who said COE was only a revenue generator?

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