Monday, December 19, 2016

Some mass layoffs

Zero Hedge: 'Just weeks after Ford idled four plants "due to slowing sales", GM and Fiat Chrysler announced today that they will idle seven plants across Canada and US as they work to reduce near-record high inventories amid weakening sales.
Not enough to signal the 2017 crash, but enough to worry. What we all fear is 2017, the big tax cut and the sudden bunching of retirees  Enough to trigger something like Reagan's first recession.

No comments: