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Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. - George Soros

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Entries Tagged ‘Auto Sales’

The most depressing forecasts seem to be the most accurate.

Clarity of vision is in short supply by all including economists, however, this collection profiled here is more right than wrong. Shall we recap a portion of 2008?
1. Housing bubble collapse.
2. 400+ trillion derivative/credit default swaps worldwide
3. Switzerland’s Krono disappears for all practical purposes because of overboard investment in collaterized debt securities.
4. Bernard Madoff already [...]

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Let’s review the situation:

1. The Fed funds rate is essentially at zero, with no further room to cut. Any future threat of inflation due to all the money pumped into the system will force the Fed to raise rates and likely lead to stagflation.
2. The Big 3 automakers, the backbone of the American manufacturing economy, are on life [...]

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The global economy is in a tailspin right now

It seems to me that there are a lot of people who are either happy in their ignorant bliss, or just simply don’t believe the information — no matter how well sourced it is — that many of us provide because it doesn’t support their personal investment exposure.
It’s like this statement:
“If Toyota is going to [...]

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BBC UK article on US big 3 auto companies begging for bailout

It mentions CEOs of Ford and Gm willing to work for $1 dollar a year- if only bankers were also willing to take this pay cut- of course they will already be rich people with adequate massive savings, but it shows how desperate they really are to be willing to take a year at 1 [...]

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The US government is so beyond totally bankrupt.

Half of the states are bankrupt with California about to completely run out of money and unable to even float more bonds. Auto sales are plunging by over 30% with GM down 41% and auto sales account for 18% of all retail sales which means retail sales are plunging into the red big time. Layoffs [...]

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The News From Last Year: GM

From U.S. NEWS and World Report…….
GM Strike Marks End of an Era
By Michael Barone
Posted September 29, 2007
The United Auto Workers’ strike against General Motors last week turned out to be brief. The company and union negotiators reached agreement not much more than 48 hours after union members started picketing. It barely made the front pages [...]

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U.S Consumption and China’s Production

Nouriel Roubini | Nov 4, 2008
For the last few years the global economy has been running on two engines, the U.S. on the consumption side and China on the production side, both lifting the entire global economy. The U.S. has been the consumer of first and last resort spending more than its income and [...]

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“A Flock of Ospraies” By Jon Nadler

“Gold headed back to revisit Tuesday’s low of $790 and then recovered once again before the close of futures trading, to climb back to just above $800 per ounce. The dollar gained further ground this morning, inching closer to 78.50 on the index, but gave up most of those gains after oil prices regained nearly [...]

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This Week - September 1 - 7, 2008

Monday - Kansas City Fed President Speaks in Buenos Aires
Tuesday - 10:00am - Construction Spending for July
Tuesday - 10:00am - August ISM Manufacturing Index
Wednesday - 10:00am - July Factory Orders
Wednesday - 2:00pm - Federal Reserve Beige Book
Wednesday - Auto Makers Report U.S. Auto Sales
Wednesday - Hovnanian Enterprises Releases 3Q Results
Wednesday - Boston Fed President Speaks
Thursday [...]

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U.S. stock futures trade higher after jobs report

U.S. stock futures trade higher after jobs report
By Steve Goldstein, MarketWatch
Last Update: 8/1/2008 8:37:00 AM
LONDON (MarketWatch) — U.S. stock futures traded a bit higher Friday as not as
many jobs were lost in July as economists predicted, though a $15.5 billion loss
from General Motors tempered gains.
S&P 500 futures rose 3.6 points to 1,270.30 and Nasdaq 100 [...]

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