YOU READ IT HERE FIRST: IT’S ABOUT OVER FOR CHINA
By 1990 Japan’s bubble had burst and while it remains the world’s second biggest economy, the country has undergone significant change, most of which is not for the better. Real income has declined over the last twenty years resulting in poverty and unemployment thus becoming huge a social problem. Deflation has impacted upon the domestic [...]
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 [...]
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 [...]
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