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Now it’s; The Dow Jones Industrial Average has now erased -700 points in ~100 minutes.
Volatility is back.
Construction starts have been low all year….the MSM is simply not reporting it….<insert my surprised face>
We’re back to 2007 with Auto talking 100,000 or more lay-offs. Even Toyota is mentioning slow-downs and lay-offs. I know of 15 Tier 2’s talking lay-offs and extended shutdowns with the past 3-months building inventories. Driving through the “nice” neighborhoods in Detroit (Plymouth, Livonia, Birmingham, Royal Oak, Auburn Hills)the toys are for sale again just like in 2007-08.
Heading into a recession? I thought we were already in a recession heading into a depression.