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Old Aug 19th 2009, 06:45 PM
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wphelan wphelan is offline
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Join Date: Oct 2008
Location: Central Illinois
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Default Re: The Great Recession

Quote:
Originally Posted by Michael View Post
A small ray of sunshine this morning...



Source

Let's hope this uptick is real and not ephemeral.
I guess we can hope, and there's nothing wrong with that, but nothing I can see has changed that would lead me to believe this is real news. I'm sure there is an up-tick in short-term demand as a result of the CARS program. People that already were already going to buy cars are doing so right now instead of waiting. I'm willing to bet money there will be steep drop in auto sales by the end of the year, however. And, unfortunately for those affected, there will be layoffs that follow.

Actually, if we didn't see this happening now after three billion dollars had just been injected into the auto industry, that would be news.
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