I agree that decline in consumer spending will drive down the economy. However, I don’t see a direct correlation between decline in auto sales recession. Last I check, foreign automakers are break sales record, not experiencing declining sales, so I don’t know where you’re getting your info from. Like I said, since US big 3 are decline at a much faster pace, that’s why you’re seeing a total decline.
What does living your life in preparation for a recession have anything to do with it? If you’re saying you truly live your life in preparation for a recession, then wouldn’t you be clipping coupons and shopping at Vons and such instead of those organic supermarkets?
Why is the burden of proof is on me? No one can tell the future, regardless of how much proof they have. Only time will tell. We can go back to this thread in 5 years and see who’s right. At least we have another thread where you’re predicting the crash in the S&P from a while back. We can follow that now and bring this thread back in a year or 2 for updates.
Since this is a global economy, if the rest of the world decouple from the US recession, wouldn’t companies that sell to other countries would still do OK, like tech stocks since they don’t have any borders? Also, I don’t see a major decline if at all in health care, since people get sick regardless of recession or boom time.
