Poof. Another 180k - 200k Jobs Will Dissapear w/Folding of Auto Dealerships Very Soon

Quote from trendy:

What do you want to bet that Obama and Congress will check under the cushions and find a few billion loose dollars to give to the dealers to ease the pain.
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Sure they will. But a few billion won't help bring back the jobs or ease the crushing economy that's falling down around us.

People assume that I'm a pessimist when I've been very optimistic in the past.

There's absolute disintegration of middle class purchasing power happening, and I'm realistically pointing to it, not pessimistically so, and corporate earnings are going to get slammed in Q3, and ZERO reason for any optimism.

Everyone was calling a bottom in housing prices and foreclosures a year ago, 6 months ago, yada yada - nope. And it's going to get far worse.

Equity markets will start reflecting the 'reality' that is.
 
Quote from fearless9:

Perhaps it is just that Wall Street and Main Street are being deliberately de-coupled.
Wall street will be a protected capitalist machine to satisfy the global money system and US citizens will gradually be introduced to a different path than the one they have been on.
US middle class is quite small by current world standards but it has done a great job as the path finder/builder to the greater world, but eventually the peloton will absorb them and move on.

regards
f9
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Interesting thoughts, I agree with a lot of what you are saying, what do you mean by "the peloton"
 
Quote from cgtrader:

Interesting thoughts, I agree with a lot of what you are saying, what do you mean by "the peloton"
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The peloton in cycling makes up the bunch who ride tightly together to conserve energy.

Occasionally riders make a break but usually (not always) the peloton gathers them back in.
google are bound to have a few words on the subject.

regards
f9
 
Quote from ByLoSellHi:

What's another 180k to 200k jobs on top of the 11 million 'officially lost' (real statistics puts this number at 14 million), and the 13 million people who are now working part-time because they can't find full time jobs with benefits?

150,000 jobs here, 300,000 jobs there, pretty soon we'll be talking 13% or 15% unemployment rates, or more.

http://www.ajc.com/services/content/printedition/2009/05/13/nada0513.html
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Stronger dealerships will absorb many of those lost jobs, just like Ford and the imports would absorb GM and Chrysler customers, and therefore absorb ex-GM and ex-Chrysler employees, if either company liquidated. Obviously it's not a 1:1 ratio but the numbers posted are negatively skewed and do not reflect reality.
 
Quote from hairdresser:

I disagree.

This is becoming a VERY GOOD time to get long.

If you don't like the America, move to Russia see how that is.
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Or freaking Somalia for that matter. They have limited government, that's what the right wingers want here right? No pesky government intervention in Somalia, the free markets decide everything! Have a blast!
 
ByLowSellHi,

You are spot on and are not being pessimistic in any way, shape or form. But you are being realistic and those who can’t think for themselves are threatened because they don’t understand and anyone who can think is a threat to them. Not good qualities in a trader IMHO. Everything you are saying should be obvious to anyone who takes some time to think about what is going on.

As far the ignorant posters out there, may I suggest liberal use of the ignore function as you can’t reason with unreasonable people. Life is too short to waste time on them. Someone will inevitably quote them so you will still some snippets of their comments. That is more than enough. One of the best features on ET (and sorely needed unfortunately).

And before one of the trouble makers, why am I posting during the trading day (which I rarely do)? I am going fly fishing in MI for a long weekend so I am done for the day. Have a great weekend all.

Good trading all

BM
 
Market will have to go up eventually cause the inflation is unbearable to investor who put money in bond.

Just look at all corp bond, most of them are +5% and up.
 
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