GM Is Riding High
 

'Recession? GM's strong Q1 numbers don't point to one despite fears' Detroit News

https://nordot.app/10239975805709189...22757532812385

Still wouldn't own a GM/Chevy truck. Ford Rulez! (grin)

One quarter for one large corporation isn't a short, mid or long term indicator as to what direction our economy is heading.

The future is hard to see. Always moving it is old padawan.

I'm glad GM had a strong Q1. However:

https://www.conference-board.org/top...ing-indicators

“The U.S. LEI fell to its lowest level since November of 2020, consistent with worsening economic conditions ahead,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. “The weaknesses among the index’s components were widespread in March and have been so over the past six months, which pushed the growth rate of the LEI deeper into negative territory. Only stock prices and manufacturers’ new orders for consumer goods and materials contributed positively over the last six months. The Conference Board forecasts that economic weakness will intensify and spread more widely throughout the US economy over the coming months, leading to a recession starting in mid-2023.”

And the stock market bubble is like an overly ripe melon ready to burst.