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Yet, Trump continues to say the economy is strong and Fed Chairman Powell says the Fed is not making a recession call.
You guys really want to hate on Trump like he's your main concern, huh? I am starting to think you guys are more obsessed with him than Trump fans themselves
Last edited by Luciano700; 09-09-2019 at 08:56 AM..
If you look at the chart 2018 was gangbusters for trucks while 2019 looked similar but lower to all the previous years... But whatever right, you got your I hate Trump propaganda out anyways...
You don't seem to understand the market segment dynamic at play here.
Commercial vehicle sales down means less commerce. Pick-up truck sales up means people are just buying trucks instead of cars.
One is a depleting of segment whereas the other is a mere shifting of segment.
Anything to do with commerce such as major freight transportation diminishment is a sign the economy is contracting. Ignore the signs all you like, it's still happening.
The Volvo truck plant a friend of mine works at in Virginia has a two year backlog, and seeing record orders.
But, yeah, let's all hope the economy tanks, because, ya know, Trump.
Exactly
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