Is A Recession On The Way? - Finance University With Paul Kiker

Businesses tend to operate in steps rather than on a curve. I see a lot of businesses in the news making those step shaped decisions recently to reflect a slower economy. (Layoffs, smaller orders, waiting to order) I see the same in the real world that I operate in. I had a conversation with a guy a few weeks ago at a local RV dealership. He was explaining to me that new campers are being priced much lower now and production has possibly stopped on many models. The lot inventory is full and the customers have slowed. Of course, some of the slowing is seasonal. What surprised me most was the prices on the new units being cut to that of used campers. I think this could be showing up in other industries soon too. I have always used boats, airplanes, and RVs as my indicator of recession. They are usually the first to take a hit on the consumer side.

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