I saw that. Interesting. I also had a "son of a bitch" moment on Zerohedge today to learn that the healthy consumers increase in AHE, average hourly earnings, isnt as it seems. AHE = hourly wage/hours worked. Its a spread, a ratio. Recently , both are falling yet hours worked is falling at a greater rate so the ratio AHE is increasing. Is this related to that car thing?
I'm surprised management allows the editor of that site to post links here. You know they do sell tshirts and other garbage. What a bunch of garbage the article
I was wondering why those pictures looked familiar: UNSOLD CARS AROUND THE WORLD This type of crack research is what gets one noticed by FOXNews. Well done ZeroSense, well done.
What a garbage article. How do the Zeroclue people think cars are delivered? From BBC: "The European Automobile Manufacturer's Association (ACEA) said demand for new cars within the EU rose for the eighth month in a row." "Car sales were strongest in Spain, which saw a 28.7% year-on-year rise."
Why do you keep mocking Zerohedge? I am told many professional money managers write for Zerohedge under the Tyler pseudonym.
Probably because none of their implied predictions ever comes true. Doom, gloom and sensationalism has it's place, but you have to have a track record of being accurate occasionally. They constantly beat the drum that crashes are imminent and we're days away from breaking down into a Mad Max scenario. I don't see nearly as much to worry about in my real world experience.