Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: pogbull who wrote (21149)	11/1/2002 1:45:42 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

we are seeing answer unfold: AUTO SALES will lead to recession in almost every previous post-WW2 recession, cars & housing led the nation's economy into recession the auto sector has financed the path to oblivion last year my father patriotically bought a new Buick he did NOT need one, since his last one was model 1997 it only had 48k miles on it he asked how I liked it the next day I smiled, and raised a brow he said be honest I said "worst car mfr on earth, worst quality of any car mfr selling in North America" he laughed the entire foundation has disintegrated from car demand they have drained all nearby future demand they have addicted their customers to free financing within a couple years, 1000's of dealerships will shutter the recession will be led by car mfg sector and joined by housing the dynamic duo was late, but they will arrive soon enough their impact will be tremendous upon the stalling economy these two will push the economy into recession despite the bullshite press/media reporting, a Double Dip recession is the norm get ready for it, because Wall Street certainly is not they actually believe a lousy flimsy 25-50 bpt rate cut will matter ?????????????????????? but as I continue to harp, THEY ARE FINANCIAL ILLITERATES they are heading off a cliff if it werent so sad, it would be utterly HILARIOUS next step: FORD FACES BANKRUPTCY ON DEBT ROLLOVER no more profits, drain on cash reserves, pension underfunded the whole nation is looking to the Fed for a miracle THEY DONT HAVE ONE, since they are powerless their measures are almost meaningless the illiterates will soon receive a costly education / jim