050: Navigating the Impact of an Auto Industry Wide Strike 09-27-23
What happens when a strike targets all three major automakers in the U.S. simultaneously? That’s the question Megan Horneman, Chief Investment Officer for Verden’s Capital Advisors, tackles in our in-depth discussion. She examines how the ongoing UAW strike – unlike previous strikes – is uniquely disruptive, and what this could mean for the economy.
As Megan expertly navigates us through the potential impacts of this strike, she raises concerns about the potential ripple effects on the supply chain, particularly in the auto sector. She also speculates on the possible inflationary effects of agreements reached during negotiations, such as wage increases. However, she offers reassurance about one thing: the direct impact on GDP is not expected to be substantial. Megan’s insightful commentary provides a critical look at the situation, shedding light on its implications for the economy.
