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Hot Topic (More than 10 Replies) - are we coming out of the 2008 to 2017 economic depression? (Read 655 times)
katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #20 - Aug 19th, 2017 at 5:31pm
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The problem?

They haven’t been selling cars as fast as years past… and the inventory of unsold new cars is exploding! Just In 2017, car sales are down 70% in some segments.

And while the car dealerships would love it if everyone would buy a new car at full retail price… The fact remains that they’ve been forced by a huge backlog of inventory to quietly advertise massively discounted deals online.


http://www.thedailylifer.com/buy-a-brand-new-car-online-at-clearance-lot-pricing...
  
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USyeah
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #21 - Aug 19th, 2017 at 7:00pm
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car buyers not paying full sticker OMG how long has this been going on  Cheesy

  
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katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #22 - Aug 30th, 2017 at 4:36pm
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US Construction Spending Just Collapsed


by Tyler Durden
Aug 1, 2017

Headline growth in US construction spending collapsed in July to just 1.6% YoY - the weakest since 2011.

As Reuters reports, U.S. construction spending unexpectedly fell in June as investment in public projects recorded its biggest drop since March 2002. The Commerce Department said on Tuesday that construction spending tumbled 1.3 percent to $1.21 trillion - the lowest level since September 2016 - drastically missing economists' estimates of a 0.4% increase.

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/08/0...

This downside surprise suggests notable downside revisions to Q2 GDP (from its 2.6% annualized level).

However, most ironic in the government's report was, amid The White House constant chatter of the need for infrastructure spending in America, Federal government construction spending crashed 9.5% - the largest drop since December 2010.

http://www.zerohedge.com/news/2017-08-01/us-construction-spending-just-collapsed
  
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katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #23 - Sep 10th, 2017 at 6:48pm
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De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

by Tyler Durden
Sep 3, 2017

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review


http://www.zerohedge.com/news/2017-09-02/de-dollarization-accelerates-china-read...
  
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