The car industry(bleak numbers, unsold cars, lost demand)
The insurance industry(devestating potential losses)
Electronics(lost demand, potentially devestating upcoming numbers)
Luxury goods(the rich are loosing money the fastest)
The airline industry(again)
IT and software
Some other industry(specify)
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
Anyway, autos are in trouble. Not the whole industry, obviously, but the Consumer Reports annual car issue just came out, and GM and Chrysler were next-to-last and last in overall quality. Ford can fight its way out of trouble, but the other two of the Big Three are going to end up merging or collapsing as Toyota and friends keep on pumping out efficiency and reliability.
Originally Posted by Korimyr the Rat
I am not sure what industry is collapsing next. But I know the most important and most alarming. The information and communication industry.
Is society was made of coral our world would be floral.
A downward spiral where industries collapse around each other would be really bad, and the government bailing them out is impossible, because the governments would also be sucked down the drain eventually.
How long for example can the electronics industry deal with falling demand and sales? How long then after they start collapsing can the software industry keep it going?
Hasn't the demand really been a bubble for mostly all industries? Because of the loaning bubble and the incredible debts people have taken on to keep up consumption, How ill industries deal with a lowered natural demand? It can take perhaps 50 years to get back to the same demand we were at, without the bubble in loans. Dont know, but I see a bad spiral, and I dont like it.
Europe is illegally occupied by the US