Word: consumerized
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Most consumers don't know that Hyundai sells cars. Most Americans don't know that Hyundai exists at all and virtually no one knows where the company is based. The brand does not seem to show up in JD Power customer satisfaction or Consumer Reports rankings.
Other sectors are now in the grip of recession. Earnings at energy companies, for example, are expected to plunge 50%. Technology companies could see their incomes drop by a third. Consumer staples - companies like Procter & Gamble that produce toothpaste and toilet paper - could be one of the few sectors to...
A number of economists predict that the recession could last into 2010 and that unemployment will top 10%. If the crisis does not deepen into an even longer downturn, there will have to be early signs that the credit crisis is ending and that consumer and business confidence is coming...
The next signal that the situation is not worsening is car sales. Most of the large manufacturers are experiencing monthly drops of over 45% compared with last year. It may take a year or more for those numbers to settle at drops of closer to 10% to 20%. But, if...
No one could have imagined that Japan, the second largest economy in the world, would contract at a rate of nearly 13% on an annualized basis or that Korea's economic output could drop 20%. In the U.S., the GDP is shrinking at a rate of 6% now, but there...