Market Outlook: Investors Ignore the Real Economy [View article]
"How can we be having an economic recovery if nobody is buying industrial machinery?" "Again, how can there be a recovery when transportation companies have no demand for commercial trucks?"
Greg, remember what's been happening the past 12-18 months. It's been referred to as "financial meltdown, armageddon, etc.etc by pundits and Obama.
Banks weren't lending... Batta Bing, Botta Bong
Companies shut down their purchasing dept's, then proceeded to lay off their workers. It's as simple as that.
Trucks, dozers, motor homes, cars, boats,houses, and just about anything that you couldn't shove down your throat, sat on the shelves.
Bet you two bits there's a recovery starting Q3 and thereafter.
Market Outlook: Investors Ignore the Real Economy [View article]
"Again, how can there be a recovery when transportation companies have no demand for commercial trucks?"
Greg, remember what's been happening the past 12-18 months. It's been referred to as "financial meltdown, armageddon, etc.etc
by pundits and Obama.
Banks weren't lending... Batta Bing, Botta Bong
Companies shut down their purchasing dept's, then proceeded to lay off their workers. It's as simple as that.
Trucks, dozers, motor homes, cars, boats,houses, and just about anything that you couldn't shove down your throat, sat on the shelves.
Bet you two bits there's a recovery starting Q3 and thereafter.