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After already reducing production in Q2, Bridgestone (BRDCY.PK), the world's biggest tire maker,...

  • Thursday, June 21, 2012, 12:42 PM ET
    After already reducing production in Q2, Bridgestone (BRDCY.PK), the world's biggest tire maker, says it may cut production further in the second half, citing lowered demand as Europe's debt crisis weighs on its own market and other global markets as well.
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    the issue for Bridgestone is the same as for Goodyear, BSFG is paying a premium for Malaysian origin rubber; when GAAP/Lower of Cost or Market dictate BSFG ask for a substantially deep discount !!!

    anyway, Japan's Debt-GDP ratio is alarming (refer to John Mauldin's book: Endgam & quoted by CNBC Fast $ contributor: Steve Cortes) and if Japan defaults by 2017 (Japxit); JYen would go to 500 according to some pundits

    the Japanese mystique is about overblown as that of the Oakland Raiders (sadly for the latter, last won Superbowl back in 1983! AL)
    21 Jun 2012, 06:27 PM Reply Like
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