Not your average recession . . . .

[errolanderson]

Unless my economics are highly cockeyed, this would be incredibly deflationary.

Asset price collapse, including the stock market. Welcome depression.

[errolanderson]

The unofficial recession is starting-to-bite . . . . November economic data released this morning.

Payrolls miss, Manufacturing miss, Factory orders miss, the list goes on.

U.S. Manufacturing data show a deep recession with data negative 24 or the past 25 months.

This now appears the worst manufacturing recession since the 1990s. Many sectors in a downturn.

Thankfully we are told by bankers and politicians, this is not a recession.

[Old Cowzilla]

But but we were told things where booming under Biden Gov just a few weeks ago hope media didn't get that wrong too

[shtferbrains]

Stellantis/ Ram trucks in trouble with to much inventory/ slow sales.
Lots of truck inventory on all the lots.
Also big tractors and used combines.
JD also in the news with poor financials.

[errolanderson]

Ford is now reported sitting with 400,000 cars on dealer lots. That is the most inventory of auto manufacturers. Ford may have to cut production by idling plants. This situation will hit a lot of parts suppliers . . . .

[shtferbrains]

Surprised me how low on the pole our automakers are.

[errolanderson]

Tsunami appears hammering U.S. retail earnings released in the past few hours. Big misses by some major mall retailers. Consumers slow spending. Big time BLACK FRIDAY sales that will last well into 2025, but this is apparently not called deflation.

U.S. Jobless claims just released well above expectations

GDP is now being supported by government deficit spending for years now. Not real growth. This has totally come home-to-roost now.

Stock market rally unabated, Ponzi comes to mind. Bitcoin crushes $100,000. Whales must hold.

Auto industry in-trouble. Cash crunch, labour costs too high. Mergers / takeovers appear likely.

Thankfully, we are told it will be a soft landing by those in-the-know. And chances of a 2025 recession remain low.

STRAP-IN FOLKS!

[fjlip]

Pattison swamped with used....sales are very slow....deals coming soon.

No used from Kelvington were at Ritchies.


Every car dealer LOADED right up, no place to park em.

[rumrocks]

Tsunami appears hammering U.S. retail earnings released in the past few hours. Big misses by some major mall retailers. Consumers slow spending. Big time BLACK FRIDAY sales that will last well into 2025, but this is apparently not called deflation.

U.S. Jobless claims just released well above expectations

GDP is now being supported by government deficit spending for years now. Not real growth. This has totally come home-to-roost now.

Stock market rally unabated, Ponzi comes to mind. Bitcoin crushes $100,000. Whales must hold.

Auto industry in-trouble. Cash crunch, labour costs too high. Mergers / takeovers appear likely.

Thankfully, we are told it will be a soft landing by those in-the-know. And chances of a 2025 recession remain low.

STRAP-IN FOLKS!

Errol what happens to signed contracts for commodities such as cattle and grain between two parties in the US and Canada if tariffs come into effect.

[biglentil]

China cancels $690b in US imports including deliberately not buying soybeans from the US according to Bunge.