robinjoe

Wall Street Breakfast: Must-Know News

Old Trader, Ford has received billions from the DoE in corporate welfare so they aren't pure by any means. But refering to my earlier post, the perception is that they are the last "American" car company standing.

Wall Street Breakfast: Must-Know News

I think the American car companies have been kept afloat for decades by people who want to "buy American". I think this also explains the descrepencies in the sales figures. Buying "welfare cars"/Chrysler & GM vehicle is not considered "American" by middle Ameirica. Ford is the only true American car company left standing in their eyes. As the owner of several Fords, I'm in that camp as well. If I'm right, then GM and Chrysler had better build superior cars in a big hurry because they are on the same footing as Honda and Toyota in the mind of US consumers which means they will be compared soley on their products. Treacherous turf to be sure.

Wall Street Breakfast: Must-Know News

Europe is an non-competetive as it gets yet it doesn't run huge trade deficits. Other than protectionism, how do I explain this...VAT. Tax consumtion rather than production.

Wall Street Breakfast: Must-Know News

I'm in the business and I was shocked by the Northrop win. I would call it a shot across the bow for the tanker bid to be sure. I've been thinking that the Aif Force is pissed about the rigged tanker bid that has tarnished their reputation and is taking it out on the perp, Boeing.

The Next Major Financial Crisis

While I was in Europe, I heard the same panic in the financial presses' voices I heard on CNBC in August 2008. We are suffering some kind of delusion to think things are getting better. Maybe the rate of decent has stabilized, but you sure didn't even get that feeling in Europe.

Bank of America Punishes Customers Who Dare to Have a Balance

I have friends who use BoA. I've stuck with credit unions. I'm amazed by how poorly my friends get treated by BoA. I suppose if I lived in the sticks where there are no credit unions I've have to submit to getting raped by them, but if you have a choice why do it?

Wall Street Breakfast: Must-Know News

GM has about as many foreign entanglements as AIG. Why does anyone think a bankruptcy can be handled quickly. I mean Obama is a lawyer, so he should at least understand that. I know if I was a bond holder in GM, I'd want acess to Opel money if that it what it took to get paid back.

Wall Street Breakfast: Must-Know News

To place your future hope in a company that doesn't make money is insanity. I don't ever plan to see a dime from social security because the US gov't is insolvent, so why does anyone stake their future on GM which is more insolvent? My plan in enjoy life now. Have little to zero debt and plan to work forever. At the moment I've been doing what 60 Minutes pointed out last night, stockpiling guns and ammo as this is going to get ugly! Even more so that Leslie Stahl in bright lights.

Thinking the Impossible: Could Bank of America Go to Zero?

BAC must not be a buy if people are terrified to here that there might be serious problems there and are motivated to slay the messenger.
$39T in derivatives boggles the mind. I wouldn't be buying it unless they were marked down to zero. Oh yeah they can't be marked down to zero because it is bigger than the GDP of the entire world! The guys who did this should be shot as traitors but then again they didn't intend to take down the US. The Fed and US gov't did this to us by taking on the responsibilities of crooks and fraudsters. This is going to end badly and now the entire world economy is committed to go down with the crooks. I've never seen anything like it.