We knew it was coming...
https://www.zerohedge.com/economics/all-sudden-it-came-halt-after-posting-fresh-records-just-months-earlier-rv-industry
Forum Discussion
JimK-NY wrote:
Don't be fooled by a plant closing. Sales are still about a third higher than before Covid.
In my area inflation and high gas prices have barely made any difference. Traffic is as bad as ever. Home prices are also a third higher than before Covid and have not dropped at all even with much higher mortgage rates.
Give it some time. The effects of inflation eat away at people's ability and desire to purchase things progressively, almost exponentially over time. Plenty of folks have started tapping into savings to maintain their standard of living, and even more have started to access credit to do the same, both are unsustainable and will run out, and the credit option is a double whammy with rising interest rates. A lot of people have never seen interest rates in their financial adult life that are going to where they're going to end up.
