The Future of the Auto Industry
Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Tagged as: american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayersUS in Recession: It is Now Official!
Sometimes, the early bird gets the worm. The “news” of US recession is almost a year old. Like everything else, by the time the news reaches the general public, it is already too late. Many people already knew that we are already in recession but others are too naive to believe it and face the [...]
Tagged as: automakers, bailout, bankrupt, bear market, debts, ford, gm, jobs, oil, recessionBailout or Bankruptcy?
GM and Ford will not fail. IMO, they are just too big to fail. The automotive industry is huge, and the global economy largely depends on it because a car is a necessity for many people. If GM and Ford fail, it will create a total disaster for the global economy. Millions of jobs will [...]
Tagged as: automotive, bailout, bankruptcy, competition, Economy, ford, fuel-efficiency, gasoline, gm, government, honda, japanese, jobs, labour, toyota, uaw, unionsTotal Worldwide Market Collapse – Myth Or Reality?
WOW, it is unbelievable what I saw just now in the Asian stock markets…The HK Hang Seng Index sank 12.7%, closing at a multi-year low of 11,015. Also, the Nikkei went down 6.4% to 26-year low of 7162 points. Although this is a really depressing day for many people, I am starting to believe there [...]
Tagged as: asian markets, bailout, crisis, elections, government, hang seng, housing, interest rates, nikkei, oil, subprimeWorldwide Economy Not Looking Good
On Sunday, the US government announced a bailout of the nation’s largest mortgage lenders, Fannie Mae and Freddie Mac. As a result, many stocks (especially the financials) rally up Monday on this news. IMO, this is only a temporary solution to “fix” the troubled mortgage industry.
The government is facing a dilemma here. They can’t just [...]