#nonsense

Photograph: Nigel Roddis/Reuters

There’s a post at the Zero Hedge finance site that’s getting some attention. It’s really a repost from this site, and it includes a number of aerial and satellite photos of thousands of new automobiles that the author says are sitting on storage lots, unsold. The author claims that automobile manufacturers are continuing to churn out thousands, perhaps hundreds of thousands of cars that will likely never ever sell. He warns that those cars that do sell will suffer mechanical issues from having sat for so long. He claims that those cars that don’t sell are recycled and that it’s all a sham to keep assembly lines churning. The author also doesn’t know what he’s talking about.