"It's Probably Nothing": Truck Orders Plunge 37% As Unsold Inventories Soar Most Since 2007

Let's be honest. Large trucking companies have been upgrading huge fleets the last 4 years and I guess the truck manufacturers thought things were "great" (like government economists have been pushing) and just figured these robust sales would continue into perpetuity somehow, and kept the spigots wide open even after orders began trending down in 2015.

To have a bunch of business people advising and running these large corporations, who are drawing million plus dollar salaries each, these companies can be complete morons sometimes.

 

recovery summer, part 8

 

I suppose the Government hasn't been telling us the truth about economic growth. But then when does the Government tell the truth anymore?