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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Jim McMannis who wrote (41339)11/17/2005 4:41:54 PM
From: mishedlo  Read Replies (1) of 116555
 
Laack of concessions will bankrupt them.
Plus they are 30+billion in the hole on their pension plan.
Finally the only money they make is out of GMAC.
If they sell that they have more cash but bleed it faster.

Still, I think they should sell it because GMAC is overvalued (especially in a recession).

A delphi strike could chew up 20 billion in a hurry.

Mish
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