Lower auto and truck sales figures show auto manufacturers leading the coming recession
Susan Rai
Nov. 1, 2006

The car and truck manufacturing figures show what Chicago PMI confirmed. The recession has started and is at an early stage. The opposite direction of the stock and bond market is also an indication of the same.

The truck and car sales data is significant when combined with Chicago PMI data. The manufacturing side of the economy is headed deep south with auto and real estate leading the way. The unemployment is replaced with deep underemployment. People are not paying their mortgages with their wages alone, they are borrowing to maintain status quo.

That is exactly what happens in a stagflation driven underemployed economy. The auto demand will further dampen as the economy finally moves from stagflation to deflation driven recession.

Lower auto and truck sales figures show auto manufacturers leading the coming recession
Susan Rai
The car and truck manufacturing figures show what Chicago PMI confirmed. The recession has started and is at an early stage. The opposite direction of the stock and bond market is also an indication of the same...
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Falling ISM prices index shows slower growth, lack of pricing power and stealth deflation – stock market crash?
Peter Oberois
Corporations are facing lack of pricing power. That is creating a massive underwater current that can finally create a crash in the stock market.
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ISM Manufacturing data shows the economy is struggling to float above water plagued with underemployment
Arun Sinha
Market expects the ISM data to come around 53.0 a notch above last month’s 52.9. Anything-above 50 shows that the economy is still expanding.
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Home Resales Pending data shows slow but steady depletion of real estate values – result of debt, underemployment and stagflation
Tarun Sikhdar
The pending resale of home figure is a clear indication that real estate prices will decline slowly as people understand there is nothing much left in that sector other than owning their own residential properties...
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Lower construction spending is another sign of very weak real estate market and underemployed stagflation plagued economy
Sam Adelton
After providing all that incentives, the builders understand they cannot sustain the sales. The population growth is there but the underemployment in the economy will not allow selling homes and condos at that price levels.
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Market expected Conference Board Consumer Confidence at 109.5 but it came 4% short – another confirmation of recession
Sam Adelton
The stock market will be hurt the worst. While rates will remain comparatively high, the growth and earnings will collapse.
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Chicago Purchasing Managers index shows the economy is headed for a deep recession and most pundits and Fed are all wrong
Sam Adelton
The Chico PMI just says the recession has started within the umbrella of stagflation. It is expected now to turn into deflation driven deep recession if not depression.
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