Titan International Inc. Chairman Morry “The Grizz” Taylor said Thursday he believes the off-highway tire, assemblies and undercarriage products maker will have a “great” 2023, as the large-farm-equipment market is expected to continue to grow even in the face of recession.“‘Yes, I believe we are heading fast toward a recession and inflation continues to be a problem.’”
But Taylor assured investors that Titan is “running great” and believes 2023 will be “another great year” given the current market dynamics in farming. With crops likely to fall below peak levels this year, he believes that bodes well for next year. Titan’s stock TWI, -0.45%, which rose 0.5% Thursday, has run up 21.5% year-to-date, while the S&P 500 index SPX, -0.72% has dropped 21.2% this year.
The original definition of inflation that I learned in high school economics class means that we are in a recession duh FoxBusiness