On Saturday, October 28, 2023 at 11:07:32 AM UTC-5, ScottW wrote:
" the US reported that gross domestic product rose 4.9% in the third quarter, the biggest advance in nearly two years. That growth was fueled by a 4% jump in personal spending, highlighted by big gains in car parts, luggage and sporting goods. "
Seriously....car parts? Who buys car parts they don't need unless it's to keep their old car cuz they can't afford a new one? And how does this result in economic growth as new cars sit unsold?
Arguing by key word again. Obviously the economy is booming due to people restoring their previously stored jalopies, then traveling to use their new pickleball equipment. Near 5% growth speaks for itself.
And those new cars sitting unsold are overpriced models tarted up with add-ons to get the most return from the limited number of car parts, ie, chips, available, a strategy that backfired when people didn't want as many $100k pickups or luxury sedans
when cheaper models became more available. Popular models from Kia, Subaru, Honda, etc are in short supply.
--- SoupGate-Win32 v1.05
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