On the faltering auto sector GDP assist and also on Spain’s coming sovereign bailout

The US: autos

Last month I wrote one daily on the auto sector’s effect on non-recession reading. The gist of that post was that the auto sector was positively influencing both production and employment, helping the US avoid outright recession. Retail sales have been negative for three straight months but auto makers in the US have been keeping production levels high in anticipation of sustained demand. This is problematic for a couple of reasons.

First, as Investor's Business Daily has pr...


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