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Who wants to bet that the number of traffic deaths will increase as companies have to make cars even lighter and less safe? I'm all for saving money on gas but not if it means risking my life to drive a car. There are better ways to do this.
And while I'm talking about it, I wonder how many more times we'll have to bail out Gov't Motors since they're going to be forced to make a bunch of cars that the American people don't want.
Can not believe it looks like we're going to have a 70% stake in GM. It looks like we could see a bankruptcy filing as early as next week. June 1st one billion dollars in interest is due and GM says they don't have the money to pay it. Bond holders turned down a unsecured debt to stock swap so I'm guessing they'll be wiped out when GM files bankruptcy.
I just can not wait for these "bailouts" to end. CNN's Bailout Tracker shows we have "invested" $2.6 trillion out of $10.6 trillion committed. That's almost a years GDP, insane :shock:.
I just wanted to add the following as well (somewhat related to this topic). I really hope the government knows what they're doing coming out of this recession. I'm not holding my breath. Because after giving GM & lots of other big companies billions & trillions of $$$, this could lead to much higher inflation.
What do investors do to protect themselves from inflation? They buy commodities, jacking up the price. It's already happening to oil among other reasons :-x. Oil today (so far) is up $1.17 to $64.62. Gold is up $9.60 to $964.80. Exxon's CEO said on the WSJ that demand is still flat. Source.
What do investors do to protect themselves from inflation? They buy commodities, jacking up the price. It's already happening to oil among other reasons :-x. Oil today (so far) is up $1.17 to $64.62. Gold is up $9.60 to $964.80. Exxon's CEO said on the WSJ that demand is still flat.
It's George Bush's fault that oil prices are up. 8)
I just wanted to add the following as well (somewhat related to this topic). I really hope the government knows what they're doing coming out of this recession. I'm not holding my breath. Because after giving GM & lots of other big companies billions & trillions of $$$, this could lead to much higher inflation.
What do investors do to protect themselves from inflation? They buy commodities, jacking up the price. It's already happening to oil among other reasons :-x. Oil today (so far) is up $1.17 to $64.62. Gold is up $9.60 to $964.80. Exxon's CEO said on the WSJ that demand is still flat. Source.
This is a little off-topic for this thread but since you brought up inflation, etc. I thought this article was very persuasive in laying out the risks and arguing against of all this government spending:
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