Thread regarding Ford layoffs

It's 2019

The fake "Recovery" fueled by loose credit and the lowest interest rates in recorded history has finally run out of steam. People are financing cars over 7-8 years now, even with rock bottom interest rates.

What does that tell you?

Well, most Ford employees are completely financially illiterate so it tells them nothing of course. But, to anyone who understands the first thing about economics, it tells them that even the most extreme loose lending policies can no longer produce growth in sales, in fact sales are falling badly now.

So, what you thought was a "Booming Economy!" was actually the greatest debt bubble in history, but unlike 2008, the product was cars this time, not houses, because people are too broke from 2008 to even buy a house, so the banks switched up the game and blew the bubble in cars.

Hope you enjoyed the ride(Pun intended), but it was never expected to last, as the masters of finance trickery pulled another one over on the dumbed down, Reality TV watching American public.

And now the game is over, which is why you lost your job, or are about to.

Thanks for playing! Enjoy your economic crash, which will make 2008 look like a walk in the park. :-)

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| 1043 views | | 4 replies (last March 19, 2019) | Reply
Post ID: @OP+Y9aXB1Y

4 replies (most recent on top)

"...Hope you enjoyed the ride (Pun intended)."

LOL

good one :]

To further support your point,

Some have been saying that the Auto Market is contracting GLOBALLY:

https://amp.businessinsider.com/carpocalypse-cars-automobile-sales-data-us-europe-2019-3

It may be time to seek a new profession...

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Post ID: @dhh+Y9aXB1Y

Kids also aren't driving. Parents force them to get a license at 18. They'd rather spend all day on their smartphones and have their parents chauffer them everywhere. Miles driven have been dropping for a decade. Cars are more reliable, with Japanese, German, and Korean nameplates perceived to be of higher quality and better value. Meanwhile the UAW negotiates a 50% labor and benefits premium over Ford's competitors. It's not a situation that grows jobs, profits, or market share.

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Post ID: @ndz+Y9aXB1Y

I study technical analysis in the stock market, and can pull patterns that many can't yet see. We all know that a recession is upon us sooner than later.

In actuality, we are within 12-13 months of a recession that may rival the last Great Depression. While I expect this to be dismissed, those that read this I leave the results to your own resolve. Those more intelligent, with a benevolent heart, want to pass on the message.

In the end it's better to be a month early, than a minute late.

Good luck. I have no horses in your game, whether you prep accordingly, or not.

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Post ID: @uln+Y9aXB1Y

The most powerful and the most boring strategy: SAVE, SAVE, SAVE

Buy used and drive it till wheels fall off. :-)

It's simple but people cannot resist...

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Post ID: @xnt+Y9aXB1Y

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