A Sign There Are Bumpy Times Ahead

The auto business continues to decline here in the U.S. Last night they told.us that Hertz Rental just went in to bankruptcy. They buy ten-of-thousands of new cars to rent out. When they are done with them, they go on the used vehicle market at about 3 years old. This is going to seriously effect the auto mfg., the finance.companies, the auto repair industry. Just the next page in what I was saying last month. The clowns in Washington keep.saying "re-start the economy". I think that ship has already sailed ...J.D.

 

I had not been watching Hertz that closely, but it is my understanding they were not doing well for some time. The virus situation was just the trigger. That took everone in America by complete surprise. The economy just STOPPED ! Nobody is doing anything ! Now all the governments are worried. A lot of businesses are completely shut down.and.there is no tax money coming in. I have been interested in automotive related industries because I think it is a good indicator of the overall state of the economy. ...J.D.

 

The other thing I think is odd. This is an election year here in the US. But you don't see the usual campaigns, political ads on TV and such.Just a lot of bickering, and fighting. Name calling and blame being cast. What do those who control such things know that we do not ? I have a few suspicions, but I don't get involved in politics, so I will keep that part to myself. TRULY desperate times. ...J.D.