Signs of our local bad economy getting much worse!

[pcrussell50]

Brunswick reported their Q2 earnings recently. No surprise, sales are down to to 'high' interest rates.

https://www.brunswick.com/investors/...ancial-results
https://d1io3yog0oux5.cloudfront.net...only+FINAL.pdf

The US outboard market, all OEMs, was down 9% in Q1 and 6% in Q2. Mercury claims 48% market share, which is not healthy for consumers.

Interest rates are lower than they have been for most of my 66 years. Boat sales are interest rate dependent. I would not expect a quick recovery for Mercury. Their market share is very high and will be hard to increase. Near zero interest rates may not be back any time soon, so the overall boat market is not going to boom.

The biggest message I am getting here is that Americans like to buy boats they can't afford, by financing them. I am not sure that people in other developed countries are quite as willing to go as deep into debt over depreciating assets like boats, as Americans are. Which is probably why, in at least one of them, carb two strokes sold well all the way until the regulatory noose finally closed on them, at the end of 2019.

-Peter

[fixer68]

How many of these layoffs were hired during the pandemic? All the companies that expanded rapidly during the pandemic are laying off the extra hires. They are just getting back to normal.

[powerabout]

How many of these layoffs were hired during the pandemic? All the companies that expanded rapidly during the pandemic are laying off the extra hires. They are just getting back to normal.

merc warehouses are full of unsold engines thats why they have idled the lines and were 6 months ago so my insider told me

[powerabout]

USA is in recession but bidenomics is still borrowing to fund a deficit and debt interest payments at a rate high enough that the number skews the GDP to so its still positive.
( like many fudges QE and debt payments shouldnt be in the gdp figures as those 2 are not signs of economic growth its just money churn)

[WaterZebra]

merc warehouses are full of unsold engines thats why they have idled the lines and were 6 months ago so my insider told me

Running 3 shifts a day is not sustainable. Hence full warehouses.

[Chaz]

What do you do when you build way more than you can sell .. ???

Don't list them by model year ...

Muddy the water by listing them according to the serial number ...

[fixer68]

USA is in recession but bidenomics is still borrowing to fund a deficit and debt interest payments at a rate high enough that the number skews the GDP to so its still positive.
( like many fudges QE and debt payments shouldnt be in the gdp figures as those 2 are not signs of economic growth its just money churn)

All false!!! Debt payments are not in GDP. Debt payments are listed as a percentage of GDP but are not included in it. Also not include are intermediate goods that have been turned into final goods. (Like tires on a new truck.) Used goods. Transfer payments. Non-market activities. or illegal goods.

As per all traditional metrics that have been used for decades, the US economy expanded by 2.8% in the last quarter. The US currently has the strongest economy in the world. Layoffs are happening due to over expansion during the pandemic. The companies are not in financial distress. They are just getting rid of employees they no longer need because things are getting back to normal. Corporate profits are up 75%. That does not happen in a recession.

[Chaz]

Broke68 ...

Liar - liar, pants on fire !!!

Just more cut and paste like your other handle ...

[David - WI]

Stellantis to Lay Off up to 2,450 (out of 3700?) Factory Workers as Classic Ram Production Ends

https://www.newsmax.com/finance/stre...09/id/1175913/

In the same week, UAW president announces Harris endorsement and Dodge announces layoffs... makes you wonder.

[Chaz]

If things weren't bad enough, Harley Davidson went and hired a lib-tard for a CEO ..

They didn't learn a thing by watching Anheuser-Busch lose billions of dollars by hiring lil Jimmie Mulvaney to be a woke spokesperson.

Liberalism is truly mental disorder ... who in their right mind would think Harley riders support a left wing agenda .. LMAO

Glad I don't own any of their stock ..

[powerabout]

Stellantis to Lay Off up to 2,450 (out of 3700?) Factory Workers as Classic Ram Production Ends

https://www.newsmax.com/finance/stre...09/id/1175913/

In the same week, UAW president announces Harris endorsement and Dodge announces layoffs... makes you wonder.

Lol, the left, reminds me of a typical loonie left action in Australia in the 80's
The left got in and promised to tax all those free perks that company executives have with company cars, so they did...fleet sales are huge in oz every salesman gets a car.
So in a very short time all the manufacturers building cars in oz are sacking people ( left voters) as the car market was shrunk at the stroke of a pen.
The left never learns they vote in a dreamer with the same dreams but never get fulfilled. Its worldwide.
Typically the people that get to the top in the left have zero business skills, running a country is a huge business.

[David - WI]

Whether it's politically correct or not... a huge part of Harley's success stemmed from the WWII vets who came home with PTSD and only found peace out on the road. Those guys were never going to ride a BMW or a Honda.

Now Harley has a German CEO?

[PanRonnie]

I met my then girlfriend in Venezuela in 2000 when Chavez came to power
Somebody who thought Venezuela should be a socialist utopia
He managed to turn a country with even more oil and gas than saudi arabia into a dumpster fire and you see it here in europe to first you make live expensive with your overly progressive green agenda but forget how to pay for it
Sop you turn on the money printer and are surprised it's not working

[aggiestckl]

All false!!! Debt payments are not in GDP. Debt payments are listed as a percentage of GDP but are not included in it. Also not include are intermediate goods that have been turned into final goods. (Like tires on a new truck.) Used goods. Transfer payments. Non-market activities. or illegal goods.

As per all traditional metrics that have been used for decades, the US economy expanded by 2.8% in the last quarter. The US currently has the strongest economy in the world. Layoffs are happening due to over expansion during the pandemic. The companies are not in financial distress. They are just getting rid of employees they no longer need because things are getting back to normal. Corporate profits are up 75%. That does not happen in a recession.

you’re a ****ing retard.. or brainwashed.. I’d guarantee you work for wages and aren’t a business owner.. exactly what’s wrong with the country.. brainwashed lemming

[CUDA]

https://apnews.com/article/inflation...23ceb76b747999