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  • CIT Avoids Bankruptcy: Asian Markets, S&P Futures Advance  [View article]
    I can't help but wonder if there was any pressure put on the firms that will be advancing the financing to ensure the deal would happen, in the interests of not spooking the market. Despite the fact a CIT bk wouldn't pose a "systemic risk", it certainly wouldn't do anything for investor/consumer sentiment.
    Jul 20 09:06 am |Rating: 0 0 |Link to Comment
  • How Will the U.S. Stress Tests Impact Asia? [View article]
    woodsey,

    According to Bloomberg, all is not what it seems at first blush in the Chinese auto market. Evidently, the big bump in sales is in cars with under 1.6 liter engines, and stripped minivans sold to trades people and farmers. This is because of the way the Chinese stimulus package was structured.

    While the increased sales will goose the overall revenue figures and unit count, it'll do little, if anything for the companies' bottom line. Just like in the US in the 70's, when GM and Ford preferred to sell Impalas and Crown Vics, rather than Vegas and Pintos.

    I would suggest, it DOES bode well for oil prices going forward.


    On Apr 20 03:28 PM woodsey wrote:

    > Seeing through China fog is easy. THE auto show is in China. Chinese
    > people are WORKING. Chinese people are BUYING cars; even American
    > union made cars.
    Apr 20 23:14 pm |Rating: +2 0 |Link to Comment
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