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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (90496)	11/19/2008 2:23:41 PM
From: benwood	Respond to of 116555

If the 'solution' is Wiemar style hyperinflation, then you can keep it. We need to prevent dumping of autos in the US, but the similarity in Chrysler's earlier loan and today is very thin. The needs are massive and they are largely to support an untenable situation. GM was still party-hardy very recently, as my sister in law went on a giant cruise for select GM employees (mostly management, but my sis-in-law won her passage via a drawing). This was in April or May. She said they discontinued these cruises since then, but like Wall Street, they expected to use their 'too big to fail' card and so had no concerns until the financial meltdown was upon us.