Lowering production of Sedans and emphasizing on SUV's, I guess they did not learn from their Hummer failure.
Please, lets not prop them up again this time when they fail.
The bigger story is, what will happen when everyone starts defaulting on their 70-110K car loans and the repo'd cars are not worth but 1/4 of the loan balance?
Another interesting article. Not sure what to make make of this, it might be nothing but worth taking into consideration.
https://www.reuters.com/article/us-usa-bonds-foreign-graphic/foreign-buyers-find-u-s-treasuries-less-appealing-idUSKCN1NV27V
Quote:
|
A sustained slackening in foreign demand for Treasuries could hurt the U.S. economy. Lower demand means the government must increase the interest it pays out to attract buyers. Those higher federal borrowing costs not only add to the U.S. budget deficit, they also tend to push lending rates higher for consumers and corporations, which could knock the second-longest U.S. economic expansion off track.
|
Saw this one today too. I have made clear I feel the housing market peaked, builders are asleep at the wheel and contributing to the problem.
https://www.wsj.com/articles/the-u-s-housing-boom-is-coming-to-an-end-starting-in-dallas-1543248073