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doc03

(39,137 posts)

13. It seems car sales are off because of lack

Reply to DetroitLegalBeagle (Reply #9)

Sun Jul 24, 2022, 08:13 AM

Jul 2022

of supply rather than demand. Just last week I stopped at the Honda dealer, they only had 3 CRVs on the lot. The salesman said they were sold and all the ones in transit are already sold. A friend of mine bought a new Chevy pickup, some of the options don't work because they don't have the new chips. I have heard people are paying thousands over sticker for some models. People are paying over asking price for homes. Technicly it is a recession but certainly different than any I have ever seen, I am 74.

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The White House is pointing out that the US isn't really in a recession [View all] 867-5309. Jul 2022 OP

'Much more nuance' required, but NUANCE doesn't get far in today's media. elleng Jul 2022 #1

The traditional idea of a "recession" isn't applicable here. This is a unique situation. PSPS Jul 2022 #2

Recession with 3.6% unemployment and every business has a help wanted sign? doc03 Jul 2022 #3

THIS !!!! ☝🏾☝🏾☝🏾 uponit7771 Jul 2022 #6

Recession? Are there massive layoffs? Takket Jul 2022 #4

Yep. Everywhere I look I see people spending money hand over fist.Sure doesn't seem like a recession Walleye Jul 2022 #7

Why would the GDP numbers show negative growth then? MichMan Jul 2022 #10

I don't know about that. But I've lived through recessions before and this doesn't feel like one Walleye Jul 2022 #11

GDP figures are inflation-adjusted FBaggins Jul 2022 #14

Interesting Tea Leaf Reading robodruid1 Jul 2022 #5

Two straight quarters of economic contraction is the definition of a recession. former9thward Jul 2022 #8

The Big 3 and some auto suppliers are planning layoffs as well DetroitLegalBeagle Jul 2022 #9

It seems car sales are off because of lack doc03 Jul 2022 #13

Apparently the loses there are matched by gains doc03 Jul 2022 #12