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Recent Posts
- Penske Automotive Group Posts Q2 2026 Earnings Decline
- Ford Motor Posts Q2 2026 Net Loss of $1.3B
- Magna to Supply Chery with 800V 2-Speed eDrive
- Bosch Fuel-Cell System Begins Testing in Madrid
- Stellantis Sells Free2move to a Private Equity Firm
- CAR on King Trump’s Tariff and Trade Policies
- Non-Binding ‘cellcentric’ Fuel Cell Agreement Moves Ahead
- Ford Motor Recalls ~566,000 Broncos for Wiring Harness Fires
- Autokiniton Workers in Milan, Michigan Vote to Join the UAW
- Financing Costs Ease a Tad But Payments Set July Record
- EPA Certifies Higher Estimated Range for 2027 Volvo EX60
- J.D. Power 2026 APEAL Scores Rise Again
- ACEA – New EU Car Registrations Up 5.7% YTD
- AAA – Gasoline Prices Keep Rising!
- Penske Automotive Group Increases Dividend Again!
Recent Comments
- Jeff Badman on Ford Motor Recalls 850,000 Vehicles for Sudden Stalling
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
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Tag Archives: consumer confidence
Washington Dithers as Unemployment Increases Again
There aren’t enough jobs to reemploy U.S. citizens who want to go back to work, let alone absorb new graduates as tax payers into the economy. The real rate of unemployment is much higher – some critics have at more than 18%. Continue reading
Consumer Confidence Declines as Economic Woes Continue
The Conference Board Consumer Confidence Index decreased in May and now stands at 60.8 (1985=100), down from 66.0 in April. The bad news follows last week’s U.S. unemployment report that says that first time jobless claims soared to 425,000, which means that there is virtually no hiring occurring in the economy as unemployment officially hovers at 9%. The real rate of unemployment is much higher. The latest survey does not bode well for the U.S. auto industry, which is expected to report steep May sales declines tomorrow. Continue reading
