[PEN-L:32340] Re: Cars and jobs?

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

why should the market be rational?

Eugene Coyle wrote:

> The stock market liked it last week when, although retail sales were
> sort of weak, when car sales were taken out of the figure,things looked
> pretty good.
>
>         It occurs to me that cars are actually made in the USA (mostly), where
> as most everything else isn't.  So even if retail sales hold up for
> other stuff, if car sales sag, a real drop in jobs will take place.  So
> retail sales can stay up while the GDP goes down.
>
> Does this make sense?
>
> Gene

--

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx