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I wouldn't worry too much about a dip in auto sales anyways. Suppliers are much more diversified today, meaning they can simply move on to manufacturing components needed in other sectors. We shouldn't expect to see massive layoffs of workers and bankruptcies of automotive suppliers. The industry as a whole is much more flexible and capable of adjusting to market demands than pre recession.
So while I do not think the present level of automobile sales are sustainable, I wouldn't worry about a drop in demand having a huge impact. Many automotive workers are tired of 10-12 hour workdays anyhow.
Me neither.
But it is obvious sales can not last much longer.
Car makers are bringing record numbers of models to market.
With practically every commodity near their 2009 lows, the world is obviously in another Great Recession thanks to the Central Banks. Could be why Draghi was told to take a cold shower.
In any case, what is obvious to most of the world will soon become obvious to the stock market junkies and addicts. The economy is in the pits and no amount of government statistical junk data and money printing binges can hide it much longer from the uber-rich controlled media.
With practically every commodity near their 2009 lows, the world is obviously in another Great Recession thanks to the Central Banks. Could be why Draghi was told to take a cold shower.
In any case, what is obvious to most of the world will soon become obvious to the stock market junkies and addicts. The economy is in the pits and no amount of government statistical junk data and money printing binges can hide it much longer from the uber-rich controlled media.
The price of commodities isn't what determines whether economies are in recession or not. The definition of recession is two successive quarters of GDP decline. This isn't happening.
Of course, you seem to have decided that the government makes up statistics, even if there is no evidence of such. Those who champion their own world-view often dismiss inconvenient facts that undercut that view.
The price of commodities isn't what determines whether economies are in recession or not. The definition of recession is two successive quarters of GDP decline. This isn't happening.
Of course, you seem to have decided that the government makes up statistics, even if there is no evidence of such. Those who champion their own world-view often dismiss inconvenient facts that undercut that view.
I love definitions. They are great for propaganda.
"We're not in a recession because the government says we're not".
Trolololololololol. So I should buy gold now?!??!!!?!
Pre-Great Recession, gold was below $800. $1,070-ish doesn't look like a buying opportunity. I'm all-in on tin foil hat futures, myself.
I think our continued income stratification and middle class erosion problem is going to have a long-term impact on certain sectors in retail. If you have to pick between food and $200 LeBron James basketball shoes, you're going to pick food.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by GeoffD
Pre-Great Recession, gold was below $800. $1,070-ish doesn't look like a buying opportunity. I'm all-in on tin foil hat futures, myself.
I think our continued income stratification and middle class erosion problem is going to have a long-term impact on certain sectors in retail. If you have to pick between food and $200 LeBron James basketball shoes, you're going to pick food.
I agree with that choice, but there are still a lot of people that would go for the shoes - or the latest i-phone.
I love definitions. They are great for propaganda.
"We're not in a recession because the government says we're not".
Well then we should all subscribe to the richrf school of economics, where definition of an economic measure is that which matches your rhetoric, and all others must be dismissed as lies.
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