Carmageddon for Ford in the US, China, and Europe | Wolf Street

Carmageddon for Ford in the US, China, and Europe | Wolf Street
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More backward thinking and short term fixes by Ford and others, putting a bandaid on a sucking chest wound.

Try stopping some of the expensive options nobody really wants or uses. Most of the tech on these vehicles is older and less useful than what is on consumers smartphones.

TV Viewership is Collapsing | Armstrong Economics

Chart provided by STATISTA The TV viewership of Superbowl LIIII collapsed in a virtual waterfall to just 98.2 million viewers. CBS, however, said the big game was watched across all platforms — including digital and streaming — by a combined total of 100.7 million viewers. That is still a major decline down 5% from last year when 103.4 million watched the game. The younger generation is gradually declining in their interest in such sports games. Nonetheless, what it is revealing is not only are newspapers and magazine dying slowly but so is TV. Our model is showing this is a decline that will not find a low until at least 2025-2028. We elected a Yearly Bearish Reversal in 2018 and another here in 2019. We will move back into 85 to 90 million level rather rapidly.
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Read, don’t watch the boob tube.

Euro Declining as a World Currency in Global Transactions | Armstrong Economics

While the dollar haters are constantly calling for its demise, when we look at the stats, we see a very different picture. Since 2005, the euro’s share of bank loans has collapsed from 30% of the world market to just 20%, while the Greenback has soared from 60% to now 70% of world debt transactions. I have warned that the Fed is being lobbied from every angle to stop raising rates because the number of dollar loans outside the USA is staggering. The Greenback remains the number one currency in foreign exchange transactions. The euro has collapsed from 38% of the transactions back in 2001 to about 30%, and is about to break that level in 2019. The British pound is rising in market share, reaching 13%, running fourth behind the Japanese yen with the Swiss franc in 5th place.
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