Gosh, apparently the automotive downturn is over already. General Motors chairman Robert Lutz told reporters that he is seeing a "resurgence" in demand for trucks and SUVs. Who would have thought?
Then again, here is a gentle math lesson: When a number drops to near zero — like …. say, SUV sales — any uptick in it creates, in relative terms, a percentage gain that tends toward infinity the closer the denominator of the new/old ratio is to zero. Me-thinks that might help explain things.
[via Bloomberg]
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