Ray-IN
Well-known member
Has the RV industry hit rock bottom?
I agree. Bill Gross agrees too. MSNThis doesn't just apply to the RV industry. Sales of all non essential items will fall. When industry scales back layoffs are inevitable. Then add the new record personal debt of the average American to the equation. The reason for rising debt is wage growth has been negative relative to inflation. A lot of industries are going to see big downturns. With that corporate and personal bankruptcy will rise.
When industry goes down the economy goes down with it. I've followed the stock market for 50 of my 71 years and the current bull run isn't sustainable.