i don't know about "a great many" - really it's only financials and the auto industry that have inherent significant flaws. it's downward momentum, illiquidity and reduced consumer confidence that's hurting everything else.
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i don't know about "a great many" - really it's only financials and the auto industry that have inherent significant flaws. it's downward momentum, illiquidity and reduced consumer confidence that's hurting everything else.
Airlines...Quote:
Originally Posted by burgundy
Are you sure? I know for a fact that the Kentucky plant avoids union workers like the plague.Quote:
Originally Posted by Bojack
that too. but it's not like there are bubbles in every sector. plus airlines should really get a bump from falling oil prices.Quote:
Originally Posted by Yoshi
That bump will be offset by all of the people deciding to go absolutely nowhere this X-Mas because they're broke.
Quote:
Originally Posted by burgundy
Quote:
The latest bit of bearish news comes from one area of the company that had been a silver lining at a time of sluggish sales in GM's home market.
GM's total European sales volume fell 1.9% to 1.62 million cars and trucks through the first three quarters of the year. A strong showing in Eastern Europe, paced by record results from the Chevy brand, was offset by a 10.7% drop in Western Europe.
The same factors that have slammed GM's U.S. sales are now stinging results in Western Europe, where a weakening economy, high gasoline prices and soaring raw-material costs have made for an extremely difficult time to sell cars and turn profits.
"We are facing an unprecedented set of economic challenges due to the global economic crisis," Carl-Peter Forster, president of GM Europe, said in a statement. "The credit crisis and inflation from surging oil and commodities prices have seriously hurt consumer confidence."
Still, the biggest challenges clearly remain in the core U.S. market, as potential car buyers continue to grapple with slumping home prices and the inability to tap credit.
GM vehicle sales fell 15.6% to 282,806 cars and trucks in September, which was actually better than most, thanks to aggressive incentive spending. The overall industry endured a 26% drop a year ago, making for the 11th consecutive month of declines and the first time since February 1993 that the total number dropped below one million.
an entire country is on the verge of bankruptcy
INTERESTING!Quote:
Originally Posted by burgundy
Quote:
With local governments also holding accounts worth tens of millions of dollars in Icelandic banks, the British government has also used powers under terrorism laws to freeze Landsbanki's assets until the status of the deposits is resolved.
beware falling traders
down another 7% I tell you, this ain't some Chicken Little shit right here. I'm scared.