The European recession reaches America

Remember the US stock market reaching bear territory last month (the Russel 2000 is down 27% from its height, the Nasdaq 23%, the S&P500 is down 20%)? Remember the news of an economic collapse in Germany, France, Italy etc.?

It’s freaking happening. It’s a classic recession at it with the mass media and govs denying facts.

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Sounds comfy, when do ultimately collapse and rebuild the nation.

>mfw its never habbening
>mfw i have no face

>rebuild the nation

China is already building dude.

Its not a classic recession.

Millinials are too poor to support the economy. Since they arent buying things like cars the car sector is dying. Same with retail stores.

But it isnt a “classic recession” this is something far worse and more prolonged.

>when do ultimately collapse and rebuild the nation

It’s a recession, not a game show. As long as people are fat, only commies take to the streer to demand more gibs and Lesbian-gay-homo rights.

>2019
>having cars

Horses?

People are getting bored of 'stuff'?
I turned 30 recently my folks didn't get me present as they did not know what to get me?
I have everything I need in consumer goods, don't want another phone or whatever. I just don't need more stuff.

The reason the sedan market has collapsed is because the crossover SUV market is on fire. This article sucks.

Which leads to a Weimar situation, something the left should be doing everything in their power to avoid. What would a libertarian Reich look like anyways?

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>implying the stock market has any basis in the real economy

(((they))) just need a reason to bring it down and take peoples' hard earned savings and retirement funds every few years

Tomorrow morning the US dollar will be worthless as toilet paper.

If you need some extra toilet paper withdraw your money.

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Car sales are dropping globally though, especially of sedans

Young people aren't buying new cars because they're Ubering everywhere

I've been wanting to buy a car for 4 years now, but just can't justify it when I take the Uber for any trip longer than 3 miles

>rationalizing plant closures
ok

A bear market typically comes 3-6 months before a recession. It’s the case in 80% of bear markets. And every time these things happen people say “the stock market is decoupled from the real economy”. Well, it’s not decoupled, investors smell the coffee when it’s brewing.

I haven’t taken “an Uber” any time in my life and ai doubt Uber will survive. I don’t even know if Uber operates in Germany.

Market is too saturated. Nobody is gonna buy a 10k new sedan when a decent used one is under 4k. Plus nobody wants a US made sedan unless its a luxury car like a camaro Cadillac exc.

People that have money for new cars are buying Trucks or the lighter SUV's like CRV's.

I feel the same. Even though I appreciate the gesture a lot, I actually dislike getting most presents. They take up a lot of space and I dont need them.
As for cars, I own a volkswagen from 1995 that works great and cost me at the time 1000 USD. Why buy a new car for 40 000?

>Why buy a new car for 40 000?

Capitalist consumerism demands it. Don’t you watch advertisements?

>Why buy a new car for 40 000?
because u might want to have sex at some point in ur life

No sex is worth 40k

Same. After a lifetime of watching my parents fill their houses with "stuff" that eventually ends up in storage I'm just tired of it.
I neither have the time, money, nor space for anything beyond the necessities and some hobby-related items.

You have any idea how many hookers you can bank for 40k? Heck I bet you can even hire a few pornstars with that kind of money

> I have everything I need in consumer goods, don't want another phone or whatever. I just don't need more stuff.

i am a tech savy dude.

i drive a 18 years old vw rabbit.
the important shit is included(ABS/ESP/Traction control)

other shit can be added after market.
Heads up display in my car? -> $30 from aliexpress.
where as only upper class cars have that that start at $cannotafford.

I agree. More so than that, it costs an arm and a leg to repair or replace the included amenities. Third party stuff you can upgrade and replace whenever.

They were talking about this on BBC news this morning, people (as a whole) are starting to prefer experience now over things.

I don't need more useless shit tho, so I don't need to spend anything.

Fuck off Euronigger
Cars sales are down because SUV sales are up because gas prices are low. Americans don't want to drive your shitty 2L shitbox engines.
>A classic recession
Last jobs report for the US was a massive 300k+ jobs created. Suck our big mutt dick.
The best part is, when we go into recession all you Euroniggers get it even worse, noone is buying expensive German equipment in a recession, say byebye to that trade surplus

I predict deflation due to reduced demand

Where the fuck are you buying a new sedan for 10k?

Americans need gasguzzlers to fit in their obese family.

Car isn't something to show your status anymore, even if it was, I wouldn't care. I talk with my friends and many will say that a car is a tool that is turning into a problem since gasoline and taxes are too high while a place to park is too expensive or hard to find.
I remember when I was a kid and my parents would say that a guy used to buy a new car every year. Most people don't want to do this anymore.

I don't even have a license. Why pay car payments (I can honestly afford a car in full) and jew insurance, gas, just to go to McDonald's and back. Waste of money. Insurance is a fucking scam, and until they don't force you to have it in not buying a car ever. Don't forget, it takes a lot of work to get a license but retards who crash their cars still get one

I mean that's just you, some people have hobbies, and these hobbies cost money.

Ca$h 4 clunkers raped the used car market and completely fucked me
I won't buy a car newer than 2001 yet that goddamn program knocked out half of all used cars in the US forcing everyone to have never trash cars

>why aren't you keeping up with the Joneses user?
Fuck you.
Fuck your communalist mindset.
Fuck your consumerist mindset.

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>Market is too saturated. Nobody is gonna buy a 10k new sedan when a decent used one is under 4k. Plus nobody wants a US made sedan unless its a luxury car like a camaro Cadillac exc.
You've never looked in to how much cars cost have you? $4k will get you a shitbox with body rust and >120k miles. You cant even buy subcompacts for $10k new. I spent $13k out the door for a '10 CTS with 45k miles last month which I dont even fit in.

Depends on the state and location.
You can buy used cars for cheap near military bases.

True. Stuff is degenerate. It's like a sugar high, it feels good for a week but you wind up worse off.

$4k will get you a fully functional vehicle, and the Japanese ones will last until 250000 miles easily.

>be me
>be a 30 years old NEET
>my combined family have 4 apartments in my city and 2 other vacation houses
>don’t have uncles and shit, my parents will inherit everything from their grand parents and give me and my brother 1 apartment each one so that we’re not going to get jewed asking loans to (((banks)))
>when my parents will die me and my brother will inherit the rest of the apartments and the money

Then my brother will inherit my part because lol what the fuck I’m not living alone on this planet without my mother doing everything for me, so I’ll off myself probably around age 60 or something.

Looks comfy tbqh.

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you're a fucking idiot. i bought pic related for $1k in D.C. earlier this year. 144k miles, no rust, no leaks, beautiful interior, comprehensive service records, and new tires. already put 20k miles on it, no problems.

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China cannot survive without the robust American consumer market. If we go the entire Asian labor market collapses and starts eating the intelligentsia. Enjoy.

can that potentially be a good thing ?

>no rust
Look at how corroded those rims are. That thing has body rust. There is a reason why you took that picture in the shade.

> no leaks, beautiful interior, comprehensive service records, and new tires.
cool story bro

>functional
key word there is functional. you omitted it isnt a shitbox.

>the Japanese ones will last until 250000 miles easily.
literally anything will last that long if you dump enough money in to it