My point is that GM, Ford, & Chrysler are doing horrible. They’re the reason why auto sales are down. Since they have the majority share, 1% decline from them have to be compensated by 2% (estimated) by the foreign auto maker. If you look at most of the Japanese cars now, they’re made in the US. Especially the high volume ones. So my point is, auto sales down could be due to miss management as much as reduce consumer spending.
She also say the past real estate down turn always lead of a recession except for when there’s a war. This time, there’s the Iraq war. It’s not always black and white. Every ware in history is great for the economy. She stated that every RE decline caused recession except for period where there’s a war. So which take precedent?
