At 623,666 cars, GM’s dealer inventory is an all time absolute record, and represents about 3.5 times the total GM vehicles sold in November! Why make more product than is likely to be sold? Because building the car is what matters to various gubbermint statistics (PMI, CMI, etc.) What GM is really trying to manufacture is the appearance of an economic recovery to aid Dear Leader’s reelect effort. FYI – this is basically how China’s whole economy works, the model so many “smart people” want to bring here.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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