How come we always hear about pent up demand but we never hear about pent down demand?
Click to enlarge.
I've added an exponential trend line in red.
St. Louis Fed: Light Weight Vehicle Sales: Autos & Light Trucks
St. Louis Fed: Vehicle Miles Traveled
More Thoughts on Walter Energy Cash Flows - This is very rough, lots of unknowns, but just some back of the envelope math: $405 million: 3/31 cash balance -$218 million: *cash* interest expense -$13...
6 hours ago