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Why This Time is Different!
We are very unlikely to go into a Depression, at least not one with the severity of the 1930’s. We may come up with a new word for what we are currently experiencing like the Great Long Lasting Recession. There are a number of government programs in place today that were not in existence during the Great Depression. A number of really good programs were developed from our experience during the Great Depression years that will prevent us from going to that level again.
The Current State of the Auto BusinessSummary of the current U. S. auto industry and the economy, recent developments, current status, and outlook. Itemizes how the country got into our current plight and where things are likely to go from here, with focus on the Detroit 3 U. S. auto makers and their challenges and how financing and lease options and resale value impact their chance for survival.