Sense on Cents

How does an entity sell a massive amount of assets? Individual sales are too time consuming. Personal negotiations would be too onerous. How about utilizing the internet and engaging a wider audience? That is, in fact, exactly what is happening as America goes on sale via auctions. That’s right, folks.

From the state of California to small banks and all points in between, there are and will be ongoing liquidations via auctions for the foreseeable future.

How does one receive a list of items for sale? Check out the following to start:

>> Great California Garage Sale held by the California Department of General Services.

>> Auctions for U.S. Treasury, FDIC, Personal Property, Real Estate, and Services by Rick Levin and Associates, Inc.

I have two rhetorical questions:

1. What will these auctions mean for consumer spending and retail sales going forward?

2. What will these auctions mean for the pace of inventory buildup?

All part of the new dynamic within the Uncle Sam economy.

Have fun shopping.

LD

This entry was posted on Friday, August 28th, 2009 at 4:07 PM and is filed under Economy, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.