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China Car Sales Suffer Biggest Crash On Record To Start 2016

By: capt_nemo in POPE IV | Recommend this post (2)
Mon, 21 Mar 16 11:05 AM | 94 view(s)
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Submitted by Tyler Durden on 03/20/2016 - 21:15

The dream of transition to a 'consuming' economy just crashed into the wall of excess debt and leverage. 2016 has started with a 44% collapse in China passenger car sales. This is the biggest sequential crash and is 50% larger than any other plunge in history. Coming at a time when vehicle inventories are near record highs relative to sales, the world's automakers - all toeing the narrative line that growth will be from China - now face a harsh reality of massie mal-investment deja vu.

http://www.zerohedge.com/news/2016-03-20/china-car-sales-suffer-biggest-crash-record-start-2016

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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