But these are the good times. Automakers are not amused.
Today’s scenario is very unlike the plunge during the Financial Crisis, which blew over in no time.
And rideshare revenue is stagnating.
Consumers and companies keep plugging, the world has not come to an end.
Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality.
In their most important US market, the plunge in registrations far outpaced their already stunning global decline. Which opens a whole new question.
The Fed could instantly claim victory and pocket the kudos.
Here’s why. The strategy is a game changer with global impact.
Shadow banks provided 40% of new loans for vehicle purchases in India. “Probably the most prolonged de-growth phase we have seen.”
Carmageddon for cars. But big equipment is hot and gets pricier.