​RV Downturn Turns Apocalyptic With Largest Dealership Offering 55% Discounts – Tyler Durden

RV Downturn Turns Apocalyptic With Largest Dealership Offering 55% Discounts Federal Reserve Chair Jerome Powell has been a serial bubble blower, only to later deflate bubbles through interest rate hikes and restrictive monetary policies. In this note, we’ll examine the recreational vehicle industry’s boom and bust and the current multi-year downturn.  In early 2020, a combination of factors sparked the RV boom, including Fed Powell’s reduction of interest rates to the zero lower bound and Democratic cities that imposed tyrannical government-enforced lockdowns that caused folks to flee to rural America. To some extent, Starlink space internet made remote working from RVs possible in some of…  — Continue at ZeroHedge News : Read More