ZPOST - View Single Post - Bloomberg: Fear of an Impending Car-Price Collapse Grips Auto Industry

IK6SPEED · 04-13-2020, 03:58 PM

Quote:

Originally Posted by Tacoma

Quote:

Originally Posted by IK6SPEED

And this article, posted above, is 7 hours old.

https://www.axios.com/consumer-senti...4c487b504.html

GS also said the economy was essentially recession proof on December 31st and 2020 would not have recession. December 31st is interesting as it was the same day the WHO was notified about the spread in Wuhan.

https://www.cnbc.com/2019/12/31/gold...ion-proof.html

And I guess you have forgotten what happened in the last recession when GS said one thing publicly while doing just the opposite? Here's a story from 6 days ago.

https://www.reuters.com/article/us-g...-idUSKBN21P2G8

Does not matter what GS, Trump or Cuomo say. What matters is what the public thinks and we know what that is.

I don't care for Goldman Sachs but why attack the messenger by posting links to 3 articles critical of them (so fast, within 3 min of my post!) instead of directly addressing the issue?

The article did qualify that this was an about-face from their gloomy forecast last month.

I'm on the fence on this and have already stated my reasons for possibly a more optimistic view, so maybe it would be more purposeful if you can elaborate on why your pessimistic view is more realistic?

With due respect, for the sake of everyone's financials, I certainly hope you're wrong.

I've already summed it up in last posts.

Doesn't matter what GS, Trump, Cuomo, Fauci, Brix or anyone says.

What matters is what consumers believe and we've already seen a record drop in Consumer Sentiment which is echoed in many reports, with a large majority saying they will not discontinue social distancing even after Government says it's safe.

Over half expect to continue working from home in the future.

Plan for worse, hope for best.