I wonder how many banks will fail when the US car industry goes bust. How many bad loans and worthless shares are tied up in that bag of tulipe?
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More imminent doom
And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014 -
Originally posted by Mich the Tester View PostI wonder how many banks will fail when the US car industry goes bust. How many bad loans and worthless shares are tied up in that bag of tulipe? -
Originally posted by Mich the Tester View PostI wonder how many banks will fail when the US car industry goes bust.
What should happen is that 1 of the big 3 there should go bust - there are just too many manufacturers there and none can make decent money, so at least 1 should die to give space to others.
Ford will manage, GM probably too but Chrysler is a goner - US politicians don't want to be seen as saying these things openly but in my view they clearly just waiting for one to go bankrupt, in fact the sooner Chrysler declares bankrupcy the sooner help will come to surviving ones.Comment
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Originally posted by AtW View PostIt won't go bust.
What should happen is that 1 of the big 3 there should go bust - there are just too many manufacturers there and none can make decent money, so at least 1 should die to give space to others.
Ford will manage, GM probably too but Chrysler is a goner - US politicians don't want to be seen as saying these things openly but in my view they clearly just waiting for one to go bankrupt, in fact the sooner Chrysler declares bankrupcy the sooner help will come to surviving ones."Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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Originally posted by Mich the Tester View PostI wonder how many banks will fail when the US car industry goes bust. How many bad loans and worthless shares are tied up in that bag of tulipe?
By the time the dust settles I recon, like Rogers was saying in the Reuters conference call yesterday, they should have let the banks go bust.
I think he's right to be getting out of the US entirely and pushing into agriculture in the far east...Comment
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Originally posted by AtW View PostIt won't go bust.
What should happen is that 1 of the big 3 there should go bust - there are just too many manufacturers there and none can make decent money, so at least 1 should die to give space to others.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Originally posted by Purple Dalek View PostBy the time the dust settles I recon, like Rogers was saying in the Reuters conference call yesterday, they should have let the banks go bust.
I think he's right to be getting out of the US entirely and pushing into agriculture in the far east...Comment
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Originally posted by Mich the Tester View PostYep, but the trouble is that they share some suppliers. If one goes bust and takes down it’s suppliers the others are stuck with nowhere to buy parts, unless they can very quickly buy out the suppliers.
Even if they save all 3 right now I can't see at least one of them not going bust within 12-18 months.Comment
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Originally posted by AtW View PostParts will still be sold to older cars - it is probably the most profitable business actually.Comment
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Originally posted by AtW View PostIt won't go bust.
What should happen is that 1 of the big 3 there should go bust - there are just too many manufacturers there and none can make decent money, so at least 1 should die to give space to others.
Ford will manage, GM probably too but Chrysler is a goner - US politicians don't want to be seen as saying these things openly but in my view they clearly just waiting for one to go bankrupt, in fact the sooner Chrysler declares bankrupcy the sooner help will come to surviving ones.
Ford is clearly making it best out of 3, GM seems cool and the White House just confirmed Chrysler would go bankrupt
Next time have a little more faith in my predictions!Comment
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