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Modern Design
06-02-2016, 05:52 PM
The numbers are in, and as expected, May's auto sales stats are nothing to write home about. Is this a sign that America's headed toward a recession repeat?

http://www.thecarconnection.com/news/1104264_do-ugly-may-car-sales-mean-a-recession-is-coming

Modern Design
06-02-2016, 07:14 PM
The numbers are in, and as expected, May's auto sales stats are nothing to write home about. Is this a sign that America's headed toward a recession repeat?

http://www.thecarconnection.com/news/1104264_do-ugly-may-car-sales-mean-a-recession-is-coming

How about a Depression?

Crash
06-02-2016, 08:57 PM
A depression is absolutely nothing to write about - or even jest that we're on the cusp of. We aren't heading for a depression. We as modern citizens - most of who weren't alive during the last depression have zero clue about what that is.

Some people even think that the 2008 Recession was a Depression. It wasn't. Not even close. It was marginally worse than what happened during the 80's recession. Yes, there were aspects of the 2008 one that were worse - but looking at GDP output, unemployment, etc - pretty comparable.

Most people think nowadays likely think that a Depression is not being able to get the latest iPhone / Android device. A depression is +25% unemployment, not eating for days at a time - and many many other things.

The economy (historically speaking) is due for a recession (NO I'm NOT suggesting that this is something we'd want) - however, if you look at history - it's ever 8-10 years.

pjl35
06-02-2016, 09:25 PM
I'm not even sure why I'm bothering to acknowledge yet another thread that is nothing more than a copy/paste of an article title and a link to it with no meaningful discussion brought to the table, but...

1. The article itself says this is probably not an indication of a recession.

2. A "recession" has a precise definition = a period of general economic decline, usually seen as a contraction in the GDP for six months (two consecutive quarters) or longer. We have not had two, let alone one, quarter of a contraction of the GDP. The GDP hasn't contracted since the first quarter of 2014...and there was only one quarter of contraction at that time.

Stop posting things just to sensationalize them when they have no basis in reality. Or at least understand the subject matter before you do.

boston
06-02-2016, 09:49 PM
So people don't like sedans.

People like SUVs and other more practical vehicles.

Thats not news.

Modern Design
06-03-2016, 01:00 AM
So people don't like sedans.

People like SUVs and other more practical vehicles.

Thats not news.

Do you consider that May car sales are positive?

boston
06-03-2016, 02:14 AM
Do you consider that May car sales are positive?

Two fewer selling days v a year ago according to several reports....its time to reconsider your hypothesis that sales are worse

Modern Design
06-03-2016, 02:49 AM
Two fewer selling days v a year ago according to several reports....its time to reconsider your hypothesis that sales are worse

Does this mean auto sales are positive in the United States?

fou_bleu
06-03-2016, 09:37 AM
Let's not bait the troll any longer people.