Posted on 01/12/2009 6:12:55 PM PST by TigerLikesRooster
This really doesn’t look good
(Excerpt) Read more at blogs.cfr.org ...
Ping!
Steeper than normal dips, yes - but it is clear that there is a regular frequency to the dips that match the current downturn.
The Hyundai Sonata and the Hyundai Santa Fe are made in Alabama. The rest come from Korea.
The Hyundai dealers in New Jersey have started a new advertising campaign on the radio. If you buy a new Hyundai and then lose your job or have some other major financial problem, you can return the car and walk away from your loan.
I don’t imagine many people taking them up on the offer since I assume their customers will still need a car to get around.
BTW, those charts look like Global Warming projections!
This for example:
Asia has a lot of stuff the west would buy, if they chose to export it.
Thanks for the ping.
Corning/S.Korea has ONE tank out of 14 up and running making LCD glass right now...
Brutal. Is is very interesting seeing a depression taking form in real time. First in my lifetime, thankfully. I only hope the global depression will be mild and relatively short and that Obama won’t make it a permanent fixture in our lives.
The funny thing is, the day to day impact on those who are employed or retired is not noticeable, so most of these people have no clue a depression is trying to form. Thankfully, we have the excellent posts by the knowledgeable few here who help me keep abreast of the depression formation.
I kind of pray we don’t get a depression because I don’t want to live through one, but wouldn’t that be healthyier for the economy than the alternative? If the government is successful in averting a depression now, doesn’t that mean it will just be worse later? Or maybe not. There has been massive deleveraging so far, and that in itself has to be good for the economy buy cleaning out lots of unproductive debt and malinvestment.
Thanks for the continued great posts. Yes, this really does not look good. Not at all. The onset of a depression never does.
We need 6 more months added to that graph before I draw any scary conclusions. If the decline continues for 6 more months, then I’ll be worried for east asia and the world.
Roller Coaster bttt...
Hey JD...
The economists are still spouting the 18 month rule. I hope they are right, but this recession feels very different from previous ones.
Inflation/hyperinflation will eat our lunch for longer still... I'm not buying the "short recession" speculation. Be prepared and buckle up!
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