And you wonder if anyone reads economic forecasts? Well here is proof positive the automakers live in their own world. I hope to hell they are not making investment decisions based on these beliefs:
According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, the nation’s economic decline is forecasted to bottom out this year; solid economic growth is expected in 2010—with inflation staying contained but the unemployment rate remaining high. Light vehicle sales are predicted to fall sharply this year and then to improve in 2010.