Thursday, December 10, 2009

I wondered about all those new Harleys I used to see

For years, when Harley Davidson was booming I wondered "where is the money coming from to buy all these things?" They are very expensive discretionary items, and I doubted some of the "owners" could really afford > 20k to buy them. Looks like the HD bubble was a bit like, and related to, the housing bubble.

Details here

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