The man who got the warmest welcome ever from the press and the public got the rudest brush off from Wall Street. It was the worst sell-off for an Inauguration Day in history. The Dow fell 332 points. Oil traded around $40. The dollar strengthened…to $1.28 per euro. O! Bama! Where is thy bounce? Perhaps it is already over…
January 22nd, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "america’s automakers"
Ford Chief Doubts a Return to Old Times
“Ford chief doubts a return to old times,” says the Financial Times. This week, the annual Detroit Auto show is underway. America’s automakers are sitting at the wheels of their new electric/hybrid cars…and driving into the future. It used to be said, “What was good for GM was good for America.” Now, what is bad for GM is also bad for America…
January 19th, 2009 | Bill Bonner | 0 comments | Continued