|
Auto Sales Tumble
|
Politicians and economists insist that the US is not in a recession based on the definition of a recession but that will change as the economic results roll in month by month. The big problem this time is that there will be much less pent up demand compared to other recessions.
Typically, consumers cut back spending going into a recession so there is a significant amount of pent up demand for products that have not been purchased before and during the recessionary period. However, this time many consumers were over spending going into the economic downturn buying everything in sight but as we know, most spending was on credit. Since consumers have been buying, there is little need to purchase goods that would normally exist. This means that it is going to be difficult to get out of this recession, expecially since many people are up to their ears in debt and not really able to make new purchases. Wayne |
Wayne,
I doubt if the politicians in Washington are in a recession. But around here it is getting very bad with businesses closing at the rate of about two or three a week. And we just don't have much work in this area to start with. Even the Real Estate businesses are cutting back and the number of houses I see with signs in front of them seem to grow daily. This is hurting everyone around here. Ron :( |
| All times are GMT -7. The time now is 07:07 AM. |
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0
The representations expressed are the representations and opinions of the clubcobra.com forum members and do not necessarily reflect the opinions and viewpoints of the site owners, moderators, Shelby American, any other replica manufacturer, Ford Motor Company. This website has been planned and developed by clubcobra.com and its forum members and should not be construed as being endorsed by Ford Motor Company, or Shelby American or any other manufacturer unless expressly noted by that entity. "Cobra" and the Cobra logo are registered trademarks for Ford Motor Co., Inc. clubcobra.com forum members agree not to post any copyrighted material unless the copyrighted material is owned by you. Although we do not and cannot review the messages posted and are not responsible for the content of any of these messages, we reserve the right to delete any message for any reason whatsoever. You remain solely responsible for the content of your messages, and you agree to indemnify and hold us harmless with respect to any claim based upon transmission of your message(s). Thank you for visiting clubcobra.com. For full policy documentation refer to the following link: