- First Name
- Joe
- Joined
- Jul 20, 2022
- Threads
- 16
- Messages
- 284
- Reaction score
- 258
- Location
- St Charles, Mo
- Vehicle(s)
- 1973 Triumph TR-6, 2009 Accord, 2017 Pacifica
- Engine
- 2.0L EcoBoost
We are now I believe in a official recession regardless of what politicians say. We are feeling inflation because of shortages of basic commodities one being oil like it or not. This country and our economy is fueled by oil. Almost everything we buy is delivered by a internal combustion engine to the point of distribution. I have not seen a electric farm implement yet. The auto business is highly dependent on oil to produce and deliver parts to the final assembly plant. New cars and other hard goods are not a need until they break, so in todays economic situation autos and other hard goods are going to suffer. Some per cent of the cars on Fords order books are not going to be delivered to the person who placed the order to to economic conditions (lost job, high interest rates and other conditions). If you look at your investments today and the stock market this morning you will see why ford is a sell. There are others in the same condition. This is history repeating itself. The recession in the 70’s was driven by a fake oil crisis. If you have spare money buy low priced stocks.
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