Happy Friday folks!
The WSJ is reporting this morning that Chrysler is resuming the leasing of its cars. Recall that a year ago they stopped leasing vehicles amidst the mounting doom of the financial system meltdown and recession. The automaker just emerged from bankruptcy 3 months ago. For it to begin taking IOUs for its cars is a sign of two things: it is comfortable with its own solvency and it is comfortable with the solvency of a goodly proportion of the public.
The Chrysler announcement is a harbinger of a re-emergent U.S. economy.
Nuff said!
Jason
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