cuban you must be like me, just a short time back when I posted something like this I was told by a number of FReepers that I must not get out much that there was plenty of jobs, cars and trucks are selling like hot cakes, restaurants are full, flights are full, highways full of traffic, the market was making people money hand over fist so on and so on it was just one PARTY!
Well...my friend, who owns a truck brokerage company, has been telling me for months that he cannot find enough trucks to haul all the orders that he has...so...something is moving.
Cars and trucks are selling well.
Partially due to cheap gas and partially due to abundant subprime credit.
They discovered back in 09 that the repo problem wasn’t much of a big issue, vehicles are pretty easy to repo and turn compared to real estate.
I would say at least 50% of Freepers are clueless about the economy and that includes before obama was elected.
Sounds bad bt then I would say almost 90% of everyday people I meet are even more clueless.