The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: TH	10/7/2009 11:58:44 AM
	11 Recommendations Read Replies (1) of 110194

Brief automotive update. Last week the big heads at my company (most from Europe) joined me in Detroit for annual planning. At the end of three days of meetings the difficult question came up, and that was, "when do we stop?". Stop what? Well booking US business. That actual question is on the table, as the Dollar decline is quickly making importation of automotive unprofitable. And that question is not just for automotive. The Dollar total that we import every year is a very, very large number. The cost of futures is becoming prohibitive. European exports to the States are in peril, and if this trend continues, it will absolutely cost American jobs too. I'll do a broader update in the next week. There are some interesting things happening in automotive right now. Inventory builds are fast becoming a big topic. And jobs from the stimulus from Cash-for-Clunkers looks to be a fantasy to me. No one is going to ramp until they see at least a release increase trend of 20 weeks. Everyone knows that volume right now is only to park more units on lots and rebuild inventory. Rinse, repeat, wait for Clunkers V.2 GT TH

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next