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Another Economic Indicator Has Gone South...RV Sales
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Aug 19, 2019 19:26:01   #
woodguru
 
Indiana makes 80% of the RV's in the country, their orders and production are down over 20%, enough for them to start going to short shifts and layoffs. The reason...trade sanctions and tariffs

https://www.indystar.com/story/money/2019/08/18/recession-elkhart-indiana-rv-recreational-vehicle-shipments-economy/2021354001/

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Aug 19, 2019 19:51:40   #
vernon
 
woodguru wrote:
Indiana makes 80% of the RV's in the country, their orders and production are down over 20%, enough for them to start going to short shifts and layoffs. The reason...trade sanctions and tariffs

https://www.indystar.com/story/money/2019/08/18/recession-elkhart-indiana-rv-recreational-vehicle-shipments-economy/2021354001/


Thats crap. Now why don't you either shut your lying mouth or tell the truth such as you and your buddies
need to tell the truth about how you have lied for the last 3 yrs.You and your commie brothers are hoping
and praying that we go into a recession and thats what your talking about.

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Aug 19, 2019 19:59:39   #
woodguru
 
vernon wrote:
Thats crap. Now why don't you either shut your lying mouth or tell the truth such as you and your buddies
need to tell the truth about how you have lied for the last 3 yrs.You and your commie brothers are hoping
and praying that we go into a recession and thats what your talking about.


What are you babbling on about? Where's the lie, Indiana RV manufacturing is down 20%?

I have a far higher accuracy and truth record than your orange haired idiot does, I'll put my record for truth up against his any day.

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Aug 19, 2019 20:00:22   #
Carol Kelly
 
vernon wrote:
Thats crap. Now why don't you either shut your lying mouth or tell the truth such as you and your buddies
need to tell the truth about how you have lied for the last 3 yrs.You and your commie brothers are hoping
and praying that we go into a recession and thats what your talking about.


Well, that’s one place we’re not going...to recession. Scare tactics.

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Aug 19, 2019 20:09:58   #
woodguru
 
Carol Kelly wrote:
Well, that’s one place we’re not going...to recession. Scare tactics.


scaring who and for what purpose. People who pay attention to the economy because it pays to know watch an array of things that can predict future slowing down.

It's not that big a stretch to be able to use common sense to see that RV sales is a quiet indicator of how loose people are feeling with discretionary funds. I use economic indicators to figure out the direction commodities are heading. I posted something saying that car auction prices are going soft compared to a couple of years ago. These types of indicators can give a read on where real estate and other economic things are headed. Obviously the economy indicated by these things can also predict how strong the stock market will be.

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Aug 19, 2019 20:10:01   #
Kevyn
 
vernon wrote:
Thats crap. Now why don't you either shut your lying mouth or tell the truth such as you and your buddies
need to tell the truth about how you have lied for the last 3 yrs.You and your commie brothers are hoping
and praying that we go into a recession and thats what your talking about.


He presented unquestionable fact in terms of the slow downs in production, sales and accompanying lay offs. No one wants the upcoming Trump recession, however it is inevitable, it is just a matter of when and how bad.

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Aug 19, 2019 20:15:14   #
woodguru
 
Carol Kelly wrote:
Well, that’s one place we’re not going...to recession. Scare tactics.


And of course you are willing to bet cold hard money on that? Because if you have retirement savings in the stock market you are doing that. Mine is out of the market and I have a cash fund I'll use if the market tanks, I did that the last time and identified four stocks that went from less than a dollar to $30/$40 a share. Actually .25 cents To $40 which made some friends who had faith in my predictions to make hundreds of thousands of dollars. I did it after 07/08 and I'll do it again.

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Aug 19, 2019 20:19:36   #
woodguru
 
Kevyn wrote:
He presented unquestionable fact in terms of the slow downs in production, sales and accompanying lay offs. No one wants the upcoming Trump recession, however it is inevitable, it is just a matter of when and how bad.


And intelligent predictions can come from facts like this when they manifest. Slowdowns can start to affect manufacturing of tractors and heavy equipment. If orders don't come in people get laid off. Buying a new car is put off for a year or two, most people can put off a new car purchase and will if they aren't comfortable with the economy.

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Aug 19, 2019 20:30:32   #
Crayons Loc: St Jo, Texas
 
I read the article, that bein said, the companies they list like Gulf Stream only builds one good unit anymore out of many called a BT Cruizer...Thor bought out Damon and cheapened the original product so bad no one wants to buy
anything with a Thor name on it...Renegade's business always was iffy because they manufacture Super C's
and Berkshire > well we sell em in back of wholesale cuz of manufacturing flaws and too many ChiCom parts = a bean counter problem

High End diesel Coaches like Entegra, Newmar, Monaco, Prevost as well as a few others are All back ordered, with
a three to ""Six Month"" wait time.

We also sell some custom Peter-built tractors and Today they're back ordered as well and the wait time for corporate bought Peter-built fleet tractors is ""Seven Years""...

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Aug 19, 2019 20:37:45   #
JFlorio Loc: Seminole Florida
 
There’s actually around ten indicators for a strong economy. Durable goods are one. A drop in RV sales might be a lagging indicator of trouble ahead but with all the other indicators pointing up just might be a short term anomaly or indicator of an area hit hard by tariffs. The biggest problem we face is a world economic downturns in the economy and a very strong dollar.
woodguru wrote:
scaring who and for what purpose. People who pay attention to the economy because it pays to know watch an array of things that can predict future slowing down.

It's not that big a stretch to be able to use common sense to see that RV sales is a quiet indicator of how loose people are feeling with discretionary funds. I use economic indicators to figure out the direction commodities are heading. I posted something saying that car auction prices are going soft compared to a couple of years ago. These types of indicators can give a read on where real estate and other economic things are headed. Obviously the economy indicated by these things can also predict how strong the stock market will be.
scaring who and for what purpose. People who pay a... (show quote)

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Aug 19, 2019 20:42:20   #
lpnmajor Loc: Arkansas
 
woodguru wrote:
Indiana makes 80% of the RV's in the country, their orders and production are down over 20%, enough for them to start going to short shifts and layoffs. The reason...trade sanctions and tariffs

https://www.indystar.com/story/money/2019/08/18/recession-elkhart-indiana-rv-recreational-vehicle-shipments-economy/2021354001/


What!?!? Just today, Trump claimed the consumer has plenty of money, because he gave them a "tremendous tax cut". The problem is, the only "consumers" who got a tax cut they can actually see in their paychecks....................don't GET paychecks.

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Aug 19, 2019 20:42:41   #
JFlorio Loc: Seminole Florida
 
Kevyn wrote:
He presented unquestionable fact in terms of the slow downs in production, sales and accompanying lay offs. No one wants the upcoming Trump recession, however it is inevitable, it is just a matter of when and how bad.


All recessions are inevitable lil guy. The duration and severity are what’s important. The economy is cyclic. When it goes in the trough per se start buying.

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Aug 19, 2019 20:43:36   #
JFlorio Loc: Seminole Florida
 
lpnmajor wrote:
What!?!? Just today, Trump claimed the consumer has plenty of money, because he gave them a "tremendous tax cut". The problem is, the only "consumers" who got a tax cut they can actually see in their paychecks....................don't GET paychecks.


That’s actually not true but I wouldn’t expect any thing else from you.

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Aug 19, 2019 20:46:58   #
lpnmajor Loc: Arkansas
 
JFlorio wrote:
That’s actually not true but I wouldn’t expect any thing else from you.


You need to check your news feeds again.............he said it ( among a host of other stuff ) while Marine One was warming up, so it IS true, every word. I'm not going to do your research for you.

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Aug 19, 2019 20:50:33   #
JFlorio Loc: Seminole Florida
 
lpnmajor wrote:
You need to check your news feeds again.............he said it ( among a host of other stuff ) while Marine One was warming up, so it IS true, every word. I'm not going to do your research for you.


I believe he said it. It’s the part about tax’s you were wrong on. Most working people have more money due to the cuts period. Tax rates were reduced and personal exemptions went up.

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