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Old Aug 19th 2009, 06:45 PM
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wphelan wphelan is offline
Join Date: Oct 2008
Location: Central Illinois
Posts: 422
Default Re: The Great Recession

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


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.
"Inflation is the opium of the masses." - Henry Hazlitt

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek
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