Driving an old car? You're not alone.

From CNBC....

Getty Images Mechanic Harrison Garcia works on a Ford Mustang at Brake and Wheel Service Center in San Francisco, California.

Feel like you're driving an old car? You're not alone. In fact, the average age of vehicles in the U.S. has hit a new all-time high. Experian Automotive says the average age of the 245 million vehicles registered in the U.S. in the first quarter of this year was 11 years.

That's an increase of just over 2 months compared the first quarter of last year.

What's behind the increase? Part of it is because the recession and sluggish recovery forced many people to put off buying or trading-in for a new or used car. Another factor is the fact cars and trucks are built to run longer. That quality improvement picked up momentum in the early '90s. Now, many of those cars and trucks are 13 to 22 years old, and yes there are millions of them still on the road.

In fact, Experian says more than 52 million cars and trucks in America are 16 years or older. (Related: What models will become collectibles?)

Ford Runs Strong

In its analysis of vehicle registrations, Experian found more Ford Motor [F 10.01 --- UNCH (0) ] models on the road than other model. That shouldn't come as a surprise since the Ford F-Series truck has been the best-selling vehicle in the U.S. for 30 straight years. According to Experian Automotive, here the top 4 brands of vehicles in operation in the U.S.:

Ford: 17.2%
Chevrolet: 15.8%
Toyota: 10.4%
Honda: 7.3%

The four most popular models on the road in the U.S., according to Experian Automotive, are:

Ford F-150: 3.4%
Honda Accord: 2.6%
Toyota Camry: 2.6%
Chevy Silverado: 2.0%

One final note: For all the attention that's been given to hybrid and electric vehicles over the last decade, they are just 0.9 percent of the vehicles in operation in the U.S. That works out to a little over 2 million alternatively powered vehicles.

—By CNBC’s Phil LeBeau

Good Slideshow on the holders of U.S. debt...

The Federal Reserve

http://www.cnbc.com/id/29880401

The Ugly Jobs Report!

The following is the latest report from Agora Financial in which the jobs report is described as "Ugly" in fact..its worst than that...



A search of our archives reveals the last time the word “fugly” appeared in The 5 was on the first Friday of June last year… in which we used this borderline-vulgar portmanteau to describe the Labor Department’s May jobs report.
On this first Friday of June 2012, it’s deja vu…

As then, the statisticians at BLS could conjure only a five-figure number of new jobs in May. This time, it’s 69,000.

Whoops, the “expert consensus” was looking for 150,000. And 150,000 is no great shakes — barely enough to keep up with population growth.

Worse… the number would be negative were it not for the “birth-death model”… in which the statisticians guess at the number of jobs created by new business owners, who are too busy to respond to BLS surveys.

Worser… the already dismal figures for April and March were revised down. The “new jobs” number has now fallen every month since January.

January happens to be the last time we took a gander at the chart from Calculated Risk plotting job losses and recoveries in every postwar recession. The red line is what passes for recovery 4½ years after the “official” start of the recession in December 2007.






[Click to enlarge]


Meanwhile, U-3 unemployment ticked up to 8.2%. The U-6 figure, including “discouraged workers” and part-timers who want full-time work, moved up for the first time in three months, to 14.8%.

Throw in the discouraged workers who gave up looking for work more than a year ago and you get to 22.7%. That’s how the unemployment rate used to be measured during the Carter administration, and how ShadowStats’ John Williams figures it this morning.

This number is identical to a year ago.

Read Further!

http://5minforecast.agorafinancial.com/printrallycrashprintrally/