Wednesday, September 14, 2011

Remember Cash for Clunkers?

Add to housing another segment of the economy that has been extremely sluggish.  Except for the one month spike on cash for clunkers in 09, auto sales have not come close to pre-financial crisis numbers.  Although auto sales barely budged in the 03 recession, in the 80s and 90s recessions, it took several years for auto sales to recover.  We're going on 3.

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