GROWTH, BUT FROM A FAR SMALLER BASE
The auto industry (with the exclusion of tainted Toyota) led by Ford is reporting increased demand for cars. Airlines, especially international carriers, still with a large portion of their fleet grounded are claiming higher passenger yields. Appliance sales are on the rise, or so says Whirlpool. In making the announcement they were going to increase [...]
A TAX CHEATING THUG TELLS PRESIDENT OBAMA TO TAKE A HIKE
Sometimes I think the world is a crazy place. The Mayor of Las Vegas, Oscar Goodman (who over decades made his fortune representing organized crime that controlled the gambling on the strip) has publicly announced he will refuse to meet President Obama when he visits Vegas this week. Last year President Obama told Americans not [...]
JAPAN NOW HOLDS MORE U.S. DEBT THAN CHINA
The Chinese are selling their holdings and last week Japan took over first place with $767.8 billion of Treasury bonds supplanting China’s holdings of $755.4. Having only attained a high school diploma, I have huge difficulty how all this debt nonsense works. Over the past year the Federal Reserve has been buying Treasury bonds, so [...]
IT JUST GETS WORSE AND WORSE FOR POOR TOYOTA
Not that I really care, but Toyota have dug a huge hole for themselves and the timing could not be worse. I have always claimed two things about Toyota, firstly they dumped their cars into the local market and secondly when the cost to keep Japanese executives on the American payroll became too great, they [...]
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