The Downfall of the U.S. Auto Market and the Collapse of the Economy

The collapse of the automobile market in the United States and the collapse of the economy are expanding and the global economy has declined. This story became very common. If there is an available negative direction, we will definitely take advantage of this opportunity. By the 1990's, Americans were used to the period of inflation, and the ongoing economic downturn was affecting most people. Three major automobile manufacturers (GM, Ford, Chrysler) drastically cut personnel, the entire employment market across the country turned over.

But let's first look at the current situation of the world economy. Jim Rogers, chairman of Rogers Holdings, predicted the possibility of a US recession to happen within a year is 100% last week. In addition to Rogers' prediction, the global forecast is based on indicators hidden by the European sovereign debt crisis, the Chinese economic bubble is close to fashion, and economic data slowed global sales, Like GDP and exporting data

When the investment bank Lehman Brothers went bankrupt in 2008, it was regarded as zero patients in the future financial collapse. The collapse of Lehman Brothers and nearly death of AIG brought panic and fear to our market and made our economy free fall. Fortunately for us, our 44th president can prevent the entire bottom from collapsing and the market is now at the highest point in history. Unfortunately for us, the only reason he can stop free-fall first is due to the taxpayers' funded relief plan. As part of Dodd-Frank, the orderly clearing authority was created as a precautionary measure that allows our taxpayers to rescue banks again. It allows the Federal Reserve and the Federal Deposit Insurance Corporation to help failed institutions, so if the next Lehman Brothers appears it will not infect the entire economy like Rolling Domino. Some people accused the abolition of the legal department in the aisle, but for now it's still in the bill.

But if you mention 2007 in the year before the collapse of the real estate market you will see that there is no recession idea until the real estate market collapses. Since the economy seems very productive and will not collapse, most people do not understand the housing market deeply, and it is believed that almost found the economy as a whole at the time the foundation of the economy as a whole was wrong. In general, mortgage loans, bad debts, and general sales are all designed to promote the prosperity of major bank merchants.