Will The GDP Be BS
MDC Q2 revenue $195.3M vs $403.4M
Public Homebuilders routinely reporting 50% sales reductions. And that is after hundreds have gone out of business.
Steel Producers reporting over 50% sales reductions.
Auto Manufacturers reporting 30-40% sales reductions.
Imports and Exports down over 25%
CAT reporting over 40% sales reductions...Same with truck manufactuer PACCAR
Transportation Companies reporting over 20% sales reductions
Airlines and Hotels reporting over 20% sales reductions
Retail Sales down double digits
Oil companies reporting over 40% sales reductions
And CEO after CEO is saying the outlook is no better like this one from BA:
British Airways PLC warned there were "no visible signs of improvement"
All of the above are easily verifiable from the hundreds of public companies that have reported so far like my link at the top, MDC, which reported this morning.
My friends, when industry after industry is reporting massive double digit sales declines.....this is not a Recession, it is a Depression.
But as long as you continue seeing headlines like this:
M.D.C. Holdings' quarterly loss narrows by 70%
Just tell yourself, if business just shut down completely, instead of selling very little, quarter losses would narrow by 100%.
How long will it take before America wakes up and realizes the Zombulator is shutting down our nation?