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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (9588)	3/6/2004 3:45:48 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

<GM is stupid. How so, they are just betting on easy money, moral hazard behavior, and low interest rates to keep things afloat, just like you and everybody else. From GM: "We are aware that our inventory is a bit higher than we would like it to be, but given the current situation in terms of interest rates being low and the fact we are going into the Spring selling season , it is a manageable level. We feel confident we can bring that level down." <On a mad race to build cars that no one wants.> If that was the case, then why are car sales running month after month at 16 million units? Because they get financed with easy money, and there's no credit accountability, that's why. Message 19885198 More moral hazard behavior being transmitted by the whole credit bubble apparatus. BTW, the poor jobs report and big bond rally Friday encourages MORE of this behavior, not less.