PARIS — Even as the bailout package for Detroit’s automakers remains a question, automakers in Europe and Asia are lining up for handouts.
“It’s a foregone conclusion that governments around the world are going to aid these companies,” Dennis DesRosiers, an independent auto analyst in Toronto, said. “It’s just a matter of working through the politics.”
In [...]
By Brian Swint
Oct. 15 (Bloomberg) — Confidence in the global economy plunged in October after a deepening freeze in financial markets increased the chances of a recession, a survey of Bloomberg users on six continents showed.
The Bloomberg Professional Global Confidence Index fell to 4 from 11.3 in September, the lowest reading since the [...]
The cost? $280 Billion. I think the market sells off tomorrow…
“It came on a day when the Federal Reserve poured almost $300 billion into global credit markets and barely dented the anxiety.
Hoping to shore up confidence with a show of financial shock and awe, the Federal Reserve stunned investors before dawn on Thursday by announcing [...]
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