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IPFS News Link • Economy - Recession-Depression

The Mainstream Media Admits We Are In "An Auto Recession" – And It Just Continues To Get W

• by Michael Snyd

 I am not buying it, and I know that a lot of other people aren't buying it either.  The global economic slowdown that began last year is really picking up pace here in early 2020, and global financial markets are perfectly primed for a meltdown of epic proportions.  Unfortunately, most people simply do not understand how badly the global economy has been deteriorating.  For example, global auto sales have now fallen for two years in a row, and even CNN is admitting that the global auto industry has been in a "recession" for some time…

The global auto industry plunged deeper into recession in 2019, with sales dropping more than 4% as carmakers struggled to find buyers in China and India. The pain is likely to continue this year.