Thursday, March 4, 2021

Tag: The Mainstream Media Admits We Are In “An Auto Recession” – And It Just Continues To Get Worse

The Mainstream Media Admits We Are In “An Auto Recession” – And It Just Continues To Get Worse

0

by Michael Snyder, The Economic Collapse Blog:

Quite a few of the most important sectors of the global economy are already “in a recession”, and yet somehow we are still supposed to believe that the economic outlook for the rest of 2020 is a positive one.  I am not buying it, and I know that a lot of other people aren’t buying it either.  The global economic slowdown that began last year is really picking up pace here in early 2020, and global financial markets are perfectly primed for a meltdown of epic proportions.  Unfortunately, most people simply do not understand how badly the global economy has been deteriorating.  For example, global auto sales have now fallen for two years in a row, and even CNN is admitting that the global auto industry has been in a “recession” for some time…