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RE: The Central Bankers Have Become Desperate, They Are Asking People To... - Episode 1356a

in #economy7 years ago

I work in the automotive industry (I'm a machine designer / mechanical engineer) and every quarter for the past 5-6 years I've been surprised to see auto sales climb consistently (the management reports it to us as well as other metrics of how well the company is doing each quarter). It makes me wonder who the heck is buying all these new cars!

I mean it's good for my job and industry and all but I can't help but worry because government manipulation of markets usually doesn't end very well for anyone. Especially the consumer. I've been waiting on the proverbial duct tape that they used to fix (and by "fix" I mean mask but do nothing to solve) the problems in 2008 to come unraveled and present a whole new world of problems even worse than we saw about a decade ago. It's gonna happen eventually and the longer they put it off the harder the reset is gonna be.