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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TH who wrote (98033)	9/29/2008 8:44:05 PM
From: orkrious	12 Recommendations Read Replies (1) of 110194

From RR tonight: I'm looking at a full page ad from GM. The ad is entitled, "GM's second century starts now -- And it promises to be electrifying! There's a picture in the ad of GM's new electric VOLT car that's due out in 2010. I couldn't believe it. These idiots at GM don't get it, the whole world is downsizing," the US will be downsizing. GM's new VOLT is a boring-looking full-sized car, and it will probably be too expensive for mass sales. Meanwhile, Mercedes and others (Honda, Toyota) will be coming out with small, inexpensive electric cars that will "eat GM's lunch". Mercedes will be bringing out a plug-in electric version of its tiny Smart Car. Is GM hopeless? My advice for GM -- fire your management, GM could be a bankruptcy within five years. The GM brass is living on Mars or some other planet.

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