Yahoo: Many major automakers have reported July sales that fell short of expectations, which has reinforced worries that the market may have peaked with last year’s record numbers.
Just last week, Ford (F) painted a grim picture of forward demand.
“While the industry remains at fairly healthy levels, the competitive environment has intensified, as that growth has moderated and as we’ve seen some of the softness in the retail demand,” Ford CEO Mark Fields said. He who added that he expects to see a decline in the second half of 2016 and into 2017.
The picture looks a bit ominous.
It is impossible for an economist to pick exactly eight years, to the quarter,. for the recession. If there is ever a confirmation, almost by federal law, The recession period exactly lines up with the presidential period? This is the economy to the economist saying, "Are you blind!?"
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