NOW BY AMERICANS SAVING AND NOT SPENDING, IT’S HURTING OUR RECOVERY
What will economists come up with next? For years we have been told we were living beyond our means and the tables could easily be turned. It would be our appalling savings record that would hasten our descent into oblivion. Now that Nobel prize winning know-it-all Thomas Friedman of the N.Y. Times is telling us [...]
WILL 2010 BE CHINA’S SWANSONG YEAR?
It has always amazed me that only in China can money be made out of selling cheap junk. Here we have China bathing in trillions of spare dollars and yet the single reason they are presently the factory floor to the world, is because their production costs are the lowest. If a buck in China [...]
GM TURNS A PROFIT, A VERY GOOD PROFIT
What a difference a year makes. This first quarter of 2010, American operations contributed a net $1.3 billion. The rest of the world cost GM $500 million. We know Europe has been a drain on GM for decades and quite frankly GM should have had the guts last year to tell Sweden, Germany and England [...]
GENERAL MOTORS BACK INTO NUMBER ONE POSITION
When those nay Sayers just loved it when General Motors collapsed I had lost 20% of my 401K plan because I believed in my GM investment so foolishly so that I admit I hung onto it right until the end. Why did I believe in General Motors? Because dollar for dollar to me in the [...]
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