The beginning of a trend? Tipping point reached?

Ralph Cramden wrote:
We'll see how this plays out over the next few months. May was -1.7%.
Tariffs?, Rising Interest Rates?, A bubble?, The shine is wearing off?, All of the above?
That was the first time negative numbers were posted since about 2012.

Part of the trend is something many don't know as well, the newer retirees and many millennials cant afford pricy new RV's and many are now buying used school buses and converting them, that is hot right now, also there is a lot of good used RV's for sale at half the cost of a new one..

Used car sale prices are up cause new car prices are getting high so your clean used car/truck in your driveway has gone up in value in the past 12 months, new car sells are down..


My clean low mileage 2004 Jeep Wrangler Rubicon has increased in value over the past 2 years just by seeing what dealers and people are asking for theirs..


Seen the price of a new Wrangler, its crazy..

drsteve wrote:


Econ 101 says otherwise, and so does history. Tariffs were one of the triggers for the Great Depression. There are no winners in a trade war.

History shows that tariffs and protectionism are beneficial in some situations, especially when nations are first developing industry. Like the United States before the War of the Rebellion. I’m not arguing they’re beneficial now but to say they never are is wrong.

jrobert01 wrote:

drsteve wrote:

memtb wrote:
Do ya think that the “fed” raising interest rates could “also” play into this? Or...are we just gonna “bash” the tariffs? It seems that the majority of fault finding points at the tariffs. I may be wrong....but I think the tariffs, are ultimately a good thing. They may cause discomfort at first.....but will help long term!

Econ 101 says otherwise, and so does history. Tariffs were one of the triggers for the Great Depression. There are no winners in a trade war.

Should we just be satisfied with unfair trade?

Should we do something stupid that will make things worse while helping no one? If there's something unfair, you solve it with negotiated solutions, not by coercing your trading partners.

jrobert01 wrote:

drsteve wrote:

memtb wrote:
Do ya think that the “fed” raising interest rates could “also” play into this? Or...are we just gonna “bash” the tariffs? It seems that the majority of fault finding points at the tariffs. I may be wrong....but I think the tariffs, are ultimately a good thing. They may cause discomfort at first.....but will help long term!

Econ 101 says otherwise, and so does history. Tariffs were one of the triggers for the Great Depression. There are no winners in a trade war.

Should we just be satisfied with unfair trade?

Will tariffs address wages in China ($1 per hour?) vs USA ($10 per hour). Business want a deal even if that means hiring cheap overseas labor. I will be watching to see how this all pans out.

drsteve wrote:

memtb wrote:
Do ya think that the “fed” raising interest rates could “also” play into this? Or...are we just gonna “bash” the tariffs? It seems that the majority of fault finding points at the tariffs. I may be wrong....but I think the tariffs, are ultimately a good thing. They may cause discomfort at first.....but will help long term!

Econ 101 says otherwise, and so does history. Tariffs were one of the triggers for the Great Depression. There are no winners in a trade war.

Should we just be satisfied with unfair trade?

Big Katuna wrote:
Big adjustment coming.

Very true. With the Turkish lira falling 70%, some top analysts say it is the canary in the coal mine, and there will be cascading events throughout the financial system. It won't be a banking crisis this time, it will be a financial market crisis.

The electronic logs shoved down the truckin industrys throat is the culpert. No body can get drivers. I was luck and could retire. Let some bode else do the job

And pick any debt sector and it's probably near or at record levels.

I'm living the reason. Inflation/devaluation.
In 2208 when wife retired everything looked great with a lot of disposable income.
Sine then, I don't care about official numbers, cost of everything has multiplied.
About 4 times and ore on food ,eating out, or in, cost of vehicles demanded by Wall Street increased margins, monopolies and so on. Our 2005 Dualie Diesel F350Lariat cost us 28,000.00 and change after trade. Today 70,000.000 plus.
Diesel fuel was less than a hundred dollars a tank in 2006-2007. Now new spec diesel approaches 400.00 a tank.
Tires for Mh doubled and a bit more since 08. same for cars and Pickup.
And everything else including fuel taxes, property taxes and utilities, and income taxes on SS Income, and Medicare with smaller COLAS figured to beat Americans instead of restoring SS Fund, raided by Politicians.

Doesn't look like it's slowing down at all this year.

http://www.rvbusiness.com/2018/08/18-rv-shipments-projected-to-reach-nearly-506k/