Compounding the U.S./China trade war issue is the fact that consumers globally are, for lack of a better word, mired in debt and simply broke.
Which is why a strike at General Motors this month could truly be Murphy's Law in practice: the worst possible outcome, at the worst possible time.
And a strike seems more possible now than ever. We reported days ago that the UAW had authorized its leaders to strike and now the chance of a strike is at a "12 year high", according to Bloomberg. Union leaders will be in Detroit this weekend to determine whether or not they will take a proposed labor contract from GM back to their members for a vote, or if they will strike.
There's now "even odds" that GM will see its first walkout in 12 years.