Yesterday we looked at the correlation of auto sales to stock prices and saw that it is sending a warning that may be similar to the one that it began sending in 2006. The economy appears to be slowing down, but investors are ignoring the signs. That proved disastrous the last time it happened.
The Deeply Ominous Portents of Long Term Declining Auto Sales
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.