{"id":332,"date":"2009-10-01T20:00:58","date_gmt":"2009-10-02T03:00:58","guid":{"rendered":"http:\/\/mattfife.net\/wordpress\/?p=332"},"modified":"2013-04-29T10:30:38","modified_gmt":"2013-04-29T17:30:38","slug":"turnaround-slowdown","status":"publish","type":"post","link":"https:\/\/mattfife.com\/?p=332","title":{"rendered":"Turnaround slowdown?"},"content":{"rendered":"

Today numbers show that the recovery is ‘softer’ than thought.\u00a0 And it’s not surprising why.\u00a0 In fact, I predict it will ‘soften’ yet again in two months.\u00a0 Why do I predict so?<\/p>\n

1. Cash for clunkers ends – and the ‘recovery’ for automakers ends.\u00a0 <\/strong><\/p>\n

Shock and awe – when the cash for clunkers program ended – all of a sudden people stopped buying cars and that auto ‘recovery’ seems to have stopped.\u00a0 Well DUH!\u00a0 It wasn’t really a recovery ANYWAY.\u00a0 it was an artificial recovery.\u00a0 Yet people seem surprised that folks stopped buying new cars after it ended and are punishing their stocks.\u00a0 Who honestly didn’t see that’s what would happen.<\/p>\n

2. 6 out of 10 top selling cash for clunkers cars were not American<\/strong> – so your tax dollars just helped foreign automakers as opposed to domestic stimulus.\u00a0 Here’s the list<\/a> of top 10 cars sold through the program:
\nFord Focus, Toyota Corolla, Honda Civic, Toyota Prius,\u00a0 Toyota Camry, Ford Escape, Hyundai Elantra, Dodge Caliber, Honda Fit, Chevy Cobalt<\/p>\n

3. Housing is in a ‘soft’ recovery right now
\n<\/strong><\/p>\n

Here’s my prediction portion.\u00a0 Yes, home sales have had nicely improving numbers for the last several months of\u00a0 sales<\/a>.\u00a0 But that will stop Dec 1, 2009 when the cut-off for the $8000 first-time buyer program ends. Then, probably just like the cash for clunkers – we’ll see slowing sales again and that ‘recovery’ will go soft – and will probably ‘shock’ experts just like the slowing auto ‘recovery’ did.\u00a0 With unemployment continuing to rise, and along with that the number of forclosures continuing to rise, it’s foolish to think the rising house sales trend will continue.\u00a0 Oh, it won’t crash, but don’t expect a roaring recovery when there aren’t new jobs so people can pay those mortgages.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today numbers show that the recovery is ‘softer’ than thought.\u00a0 And it’s not surprising why.\u00a0 In fact, I predict it will ‘soften’ yet again in two months.\u00a0 Why do I predict so? 1. Cash for clunkers ends – and the ‘recovery’ for automakers ends.\u00a0 Shock and awe – when the cash for clunkers program ended – all of a sudden people stopped buying cars and that auto ‘recovery’ seems to have stopped.\u00a0 Well DUH!\u00a0 It wasn’t really a recovery ANYWAY.\u00a0…<\/p>\n

Read More Read More<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-332","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4WECr-5m","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/posts\/332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mattfife.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=332"}],"version-history":[{"count":2,"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/posts\/332\/revisions"}],"predecessor-version":[{"id":908,"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/posts\/332\/revisions\/908"}],"wp:attachment":[{"href":"https:\/\/mattfife.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mattfife.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mattfife.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}