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Caution! We're Being Fed Bogus Data | Stephanie Pomboy

Wealthion - Be Financially Resilient

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Is There a Bullwhip Effect on the Auto Market?

From September through January that four month period, we've seen the largest decline in new and used auto prices since 2003. The response by auto dealers has been a cut price. And then there was some funny business I would say in terms of their assumption for how much dining out would decline this January. They assumed an 11.6% decline from months to month, coming off of the holiday inflated December. That category alone was responsible for one full percentage point of the 3%. So again, it just, when you go through all these details, you become far less impressed with the strength of the consumer.

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