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.
They’re engaged in a highly competitive, saturated market, dominated by finicky Americans who demand top quality, but who drive their vehicles less.
Part of Carmageddon, But Consumers Demand It
Six charts on the used-vehicle market, plus my “Chart of Carmageddon” for new vehicles.
This is a cleaned-up transcript of my podcast on Sunday.