Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The economy is greatly affected by the car industry, as cars and trucks are a large purchase that requires a lot of money and resources. When the big car companies are making and selling cars, it tells us that many ancillary industries are also working hard.
#2 Auto sales are a good indicator of impending recessions. When automobile sales look like they are signaling a slowdown or recession, it makes sense to avoid investing in assets usually sensitive to the economic cycle.
#3 When looking at the auto industry, watch for decreases in new automobile sales and leases. This is an indication that people are pulling back due to fears about their future employment status.