The carmageddon is in full swing, delinquencies spike to 10 year highs. US manufacturing declines and the biggest driver is automobiles. US twice as likely to default before Germany.
The economy is quickly falling apart. The decline is hitting each economic sector and there is no stopping it.
Dave thank you. Your work is much appreciated.
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This is incredible!
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Thanks Dave, good report.
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This is a bleak report for the automobile industry, somehow other industries will keep up and augment these losses. Thanks for sharing!
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