Same old same old and the next ‘new’ recession

Globally, car sales are increasing ever so slightly.

During the first 3 months of 2009, 43 million units were sold, and we’re not talking units produced in any sort of sustainable manner.

During the next 3 months, 48 millions units were sold world-wide, with China and Germany leading the way.

Thus the headline ‘Revival Forecast On the Way’ in our local paper.

Is this the shot in the arm our Market-First economies need? Will we soon be living the high life again, not caring a hoot about future generations?


The smart money says no.

"Most immediately, we face the end of the cheap fossil fuel era. It is no exaggeration to state that reliable supplies of cheap oil and natural gas underlie everything we identify as a benefit of modern life." [The Long Emergency by James H. Kunstler]

Any revival depending on the production of cars for the individual driver will be short-lived, end in a blind alley and another ‘new’ (as in, we never saw this coming) recession.

Reduce your spending, save your money, take mass transit or walk.

You’ll be better off in the long term.

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