Shannon Zimmerman
speaker
587 appearances
8 recordings
1 series
first heard Apr 2009
last heard Nov 2009
Shannon Zimmerman’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah, I think that's right.
And the market is a discounting machine.
And the market will turn up before the overall economy does.
But it has to be looking forward to something.
And so far, there's nothing that is there to be looked forward to.
Well, so at the level of folks who lost their jobs and the communities that have those dealerships as a part of their business infrastructure is very sad news.
There's just no getting around that.
It was inevitable, though.
The trajectory of U.S.
auto sales has been on a steep decline for a good long while now.
And so this was inevitable.
But it's good news in the sense that it's almost like inventory reduction.
Businesses have been on an inventory reduction bender for a while.
And so they're doing that in response to anemic demand.
And so that's a telling detail right there.
But it also sets the stage for a sharp
or at least a sharper recovery whenever that really happens and consumers start spending and businesses have to restock the shelves.
The inventory in this case is dealerships, and so you have to shut those down.
And as sad at the individual level as it certainly is, it's ultimately a good thing in a capitalist economy.
Yeah, and that would have a gigantic ripple effect, too, because of the way insurance companies make their money by investing the float.
Showing 441–460 of 587 · page 23 of 30
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