This post is going to be just a rant. Plain and simple, a rant.
The rebound in auto sales. I’m reading about this everywhere, and yes, there has been a rebound, good results.
But why am I not reading that this may well be due to the recovery after the supply disruptions of the Japanese earthquake/tsunami? There were supply restrictions in the aftermath of the disaster. What we are seeing now is release of the pent up demand. This may very well not be important, a sales is a sale, after all, the money is flowing. Good. But is it a sign of a sustainable rebound in demand? Hey, maybe it is. But I would at least like to see some reference to pent-up demand, Occam’s Razor and all, and I ain’t seein’ that.