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, taxpayersCitigroup Reverse Split
Citigroup just announced that it might do a reverse split on the stock if it needs to. This won’t happen anytime soon but they are thinking of doing this before June 2010. IMO, reverse splits are very bad for the shareholders. It might be a good thing for the company because it may “appear” to [...]
Tagged as: citigroup, dilution, Economy, government, reverse split, shareholders, taxpayersObama's New Stimulus Plan
Last week, I listened to Obama’s press conference speech on his newest stimulus plan. My first impression is that Obama is truly a great speaker. We don’t know whether his plan will work out in the end, but the hope he brings to Americans will surely get things going. The new plan seems to have [...]
Tagged as: banks, foreclosure, government, hope, jobs, obama, press conference, stimulus plan, troubled assetsBailout 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, subprime